期刊名称：Arabian Journal of Business and Management Review
电子版ISSN：2223-5833
出版年度：2016
卷号：6
期号：2
出版社：Sohar University, Oman and American University of Kuwait
摘要：Stock price determination has always been considered a phenomenon of interest around theglobe. Lately, an increased fluctuation has been witnessed in the stock prices and this is thecase in Pakistan as well. Apart from that, there is absence of evidence in Pakistan on thephenomenon. This paper is an attempt to explain stock price volatility in Pakistan usingBaskin (1989) model. The findings of the study entail that dividend yield and dividendpayout have negative impact on stock price volatility with a moderate significance in overallsample representing KSE 100 companies. Further, earning volatility was found to have apositive and significant impact on earnings volatility. The variables lost their significance forfinancial sector of Pakistan, while in non-financial sector variables of dividend payout,earning volatility and asset growth have a significant impact on stock price volatility. Thisstudy highlights the needs for development of alternative models that might have betterexplanatory power with regard to determination of stock price volatility in Pakistan
