Determinants of share prices: the case of listed firms on Johannesburg Stock Exchange

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dc.contributor.authorEnow, Samuel Tabot
dc.contributor.authorBrijlal, Pradeep
dc.date.accessioned2018-06-04T11:32:06Z
dc.date.available2018-06-04T11:32:06Z
dc.date.issued2016
dc.description.abstractEquity investments offer considerable returns to investors and is considered to be a major source of capital for most large firms. However, these returns are subject to movement in share prices. This study investigate the determinants of share prices using fourteen companies listed on the Johannesburg stock exchange from 2009-2013. Using a multiple regression analysis, the result reveals that dividend per share, earnings per share, and price-earnings ratio accounts for 57.8% of share prices movements. Furthermore, earnings per share and price earnings are significantly positively correlated to share prices although dividend per share was not. This finding implies that, managers can create value for their shareholders by increasing dividend per share, earnings per share and price-earnings.en_US
dc.description.accreditationIBSS
dc.identifier.citationEnow, S. & Brijal, P. (2016). Determinants of share prices: the case of listed firms on Johannesburg Stock Exchange. Journal of Accounting and Management, 6(1): 85 - 92en_US
dc.identifier.issn2284 – 9459
dc.identifier.urihttp://hdl.handle.net/10566/3764
dc.identifier.urihttp://journals.univ-danubius.ro/index.php/jam/article/view/3181
dc.language.isoenen_US
dc.privacy.showsubmitterFALSE
dc.publisherDanubius Universityen_US
dc.rightsThis work is licensed under a Creative Commons Attribution 4.0 International License.
dc.status.ispeerreviewedTRUE
dc.subjectShare priceen_US
dc.subjectDividend per shareen_US
dc.subjectEarnings per shareen_US
dc.subjectPrice-earnings ratioen_US
dc.titleDeterminants of share prices: the case of listed firms on Johannesburg Stock Exchangeen_US
dc.typeArticleen_US

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