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A STUDY ON THE IMPACT OF ACCOUNTING VARIABLES ON STOCK PRICES OF NIFTY BANK INDEX COMPANIES
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Author(s):
NITHEESH H N, NITHIN KUMAR S, SHAMANTH G
Vol - 9, Issue- 1 ,
Page(s) : 296 - 307
(2018 )
DOI : https://doi.org/10.32804/IRJMST
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Abstract
This research project aims to study the impact of the three primary accounting variables, namely Earnings Per Share, Dividend Per Share and Book Value Per Share on the stock prices of the companies listed on the Nifty Bank Index. This would aid investors who are looking at the banking sector in India as a potential investment option to plan and choose their investments in this sector. This research study has made use of the Ohlson’s Least Squares pooled regression model to consider and assess the impact of these three accounting variables on the stock prices of the selected list of companies. The research project has made use of secondary data spread over a period of eight years starting from 2009 to 2017. Upon analysis of results of the study, we have concluded that there is no statistical evidence to imply that there is a significant influence of these accounting variables on the stock prices of the selected listed companies.
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