期刊名称：Researchers World - Journal of Arts Science & Commerce
印刷版ISSN：2229-4686
电子版ISSN：2229-4686
出版年度：2011
卷号：2
期号：4
页码：51-60
出版社：Educational Research Multimedia & Publication
摘要：The present study has been undertaken to examine the empirical relationship between equity share prices and explanatory variables such as: book value per share, dividend per share, earning per share, price earning ratio, dividend yield, dividend payout, size in terms of sale and net worth for the period 1993-94 to 2008-09. The results revealed that earning per share, dividend per share and book value per share has significant impact on the market price of share. Further, results of study indicated that dividend per share and earning per share being the strongest determinants of market price, so the results of the present study supports liberal dividend policy and suggests companies to pay regular dividends. This policy will affect market price of share in positive direction. Since, book value per share depicts the owner's funds, a higher book value per share is perhaps perceived by an investor to be an indicator of the sound financial position of a company for investing. All this shows that the study of financial factors prove to be beneficial for the investor in the India, as these factors posses strong explanatory power and hence, can be used to make accurate future forecasts of stock prices. So, investors are suggested to take care of accounting variables of company before investing
关键词：Share Price; Dividend Payout Ratio; Book Value; Size of companies; Backward ;elimination model of regression
