Cover Page - Resh.docx
-
Upload
yasith-weerasinghe -
Category
Documents
-
view
217 -
download
0
Transcript of Cover Page - Resh.docx
-
7/27/2019 Cover Page - Resh.docx
1/6
FACTORS INFLUENCING ON SHARE PRICES
OF SELECTED
SRI LANKAN COMPANIES
Prepared by
M.U.J.S. FERNANDO
This dissertation is submitted in partial fulfillment of the B sc. in Business
Management (Logistics) Special Degree of National School of BusinessManagement
B sc. in Business Management (Logistics) Special Degree
Department of Management & Productivity Development
National School of Business Management
September 2013
-
7/27/2019 Cover Page - Resh.docx
2/6
ii
DECLARATION
I declare that all materials included in this dissertation are the end of my own work and those
due acknowledgements have been given in the references and bibliography to all sources be
they printed electronic or personal.
I carried out the work described in this dissertation under the supervision of Mrs. Thilini de
Silva.
-
7/27/2019 Cover Page - Resh.docx
3/6
iii
ABSTRACT
Stock market plays an important role in the economic development of a country. A number of
studies have been investigated several factors influencing on market value of shares. But in
the context of Sri Lanka, not many studies can be found in this area. The objective of this
research is to identify the joint effect of multiple factors on market value of shares in Sri
Lankan Companies using annual balance sheet data of selected listed companies in Colombo
Stock Exchange (CSE) during the period of 2007 to 2013. The fundamental variable which
are tested here are earning per share, dividend declared and external factors like inflation rate
measured by CCPI-New, interest rate, and GDP growth. The results of this study are
consistent with most of the findings of the early studies and among the factors influencing onshare prices and GDP growth significantly affected with having higher coefficient value and
mean while interest rate and inflation rate are negatively affected by confirming several early
studies. The dividend per share is statistically insignificant with the share prices and firm
specific beta value also significantly affected to the share prices and selected companys
share prices are follow the market. I have used multiple regression analysis to compare the
results and used Eviews statistical package to analyze the data. A clear understanding of
stock market determinants is vital for investors, regulators, and academic researchers.
Therefore, future researches are required to further explore this issue.
Keywords: Market Value, Inflation, Gross Domestic Product, Coefficient, Stock Exchange.
-
7/27/2019 Cover Page - Resh.docx
4/6
iv
ACKNOWLEDGEMENT
I wish to communicate my sincere thanks to my supervising instructor Mrs. Thilini de Silva,
lecturer of National School of Business Management for providing me the guidance and
encouragement for the dissertation work on FACTORS INFLUENCING ON SHARE
PRICES OF SELECTED SRI LANKAN COMPANIES.
This thesis stands on impression of many people. I take this opportunity to genuinely thank
rest of the lecturers of B. Sc Degree Program at National School of Business Management for
enhancing my knowledge during the academic years and Id be grateful for the support given
by officials and other staff members of National School of Business Management whoprovided their help during the period of my university study period.
This thesis would not have been possible unless for the very important information provided
on the dissertation subject by Investment Advisors of Bartleet Finance Sri Lanka.
-
7/27/2019 Cover Page - Resh.docx
5/6
v
TABLE OF CONTENT
TITLE PAGE i
DECLARATION ii
ABSTRACT iii
ACKNOWLEDGEMENT iv
TABLE OF CONTENT v-vi
LIST OF TABLES vi
LIST OF FIGURES vi
CHAPTER 01INTRODUCTION ...................................................................................01
1.1 Background of the Study
1.2 Problem Statement
1.3 Research Objectives
1.4 Significance of the Study
1.5 Research Hypotheses
1.6 Conceptual Framework
1.7 Limitations
1.8 Research Report Outline
CHAPTER 02LITERATURE REVIEW .......................................................................06
-
7/27/2019 Cover Page - Resh.docx
6/6
vi
CHAPTER 03METHODOLOGY ..................................................................................12
3.1 Sampling and Data Collection
3.2 The Regression Model
CHAPTER 04RESULTS AND INTERPRETATION..................................................15
4.1 Multicollinearity Test
4.2 Descriptive Statistics
4.3 Testing of Hypotheses
4.4 Discussion
CHAPTER 06CONCLUSION .........................................................................................24
6.1 Recommendations
REFERENCES & BIBLIOGRAPHY................................................................................26
LIST OF TABLES
Table 3.1 12
Table 4.1 15
Table 4.2 16
Table 4.3 19
Table 4.4 20
Table 4.5 21
LIST OF FIGURES
Figure 1.1 04
Figure 4.1 16