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Journal articles on the topic 'Equity shares'
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1
KHATRI, KAPILKUMAR RAJANIKANT, and Dr Vijay Pithadia. "Public Sector Undertaking & Disinvestment of Equity Shares." International Journal of Scientific Research 2, no. 9 (2012): 255–57. http://dx.doi.org/10.15373/22778179/sep2013/84.
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Hornuf, Lars, and Matthias Neuenkirch. "Pricing shares in equity crowdfunding." Small Business Economics 48, no. 4 (2016): 795–811. http://dx.doi.org/10.1007/s11187-016-9807-9.
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Darmantyo, Dimas Ari, and Shelva Kalay Shelwin. "Analysis of the effects of earnings ratio per share, price earnings and return on equity ratio upon the change of shares price at PT. Telekomunikasi Indonesia Tbk years of 2008 - 2017." Management Journal of Binaniaga 4, no. 2 (2019): 11. http://dx.doi.org/10.33062/mjb.v4i2.332.
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This research has tested some financial ratios of Earning Per Share, Price Earning Ratio and Return On Equity upon the Change of Shares Price at telecommunication company sector for the period of 2008 to 2017 to know the significance of those ratios, so that, it can be used by the investors to make a decision before investing their money. By having Time Series data of 2008 – 2017, this research has found out that the variables of Earning Per Shares (EPS) and Price Earning Ratio (PER) have significantly affected the change of shares price, but Return On Equity (ROE) has not significantly affected it. This research has indicated that the three independent variables (EPS, PER and ROE) have significantly affected shares price change. Keywords: Finance Ratio, Return On Equity, Earning Per Share, Price Earning Ratio and price of shares
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Lee, Seong-Sang, Jeong-Dong Lee, and Tae-Kyu Ryu. "From intellectual property to equity shares." Journal of Intellectual Property 1, no. 1 (2006): 35–50. http://dx.doi.org/10.34122/jip.2006.06.1.1.35.
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Lerback, Jory C. "Equity: a mathematician shares her solution." Nature 583, no. 7818 (2020): 681–82. http://dx.doi.org/10.1038/d41586-020-02205-8.
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Claudia, Agnes, and Menik Indrati. "Analysis of Effect on Asset Return, Return on Equity, Earning Per Share, and Net Profit Margin on Share Price on Banking Company." Journal Research of Social, Science, Economics, and Management 1, no. 2 (2021): 64–78. http://dx.doi.org/10.36418/jrssem.v1i2.10.
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The purpose of this study was to analyze the effect of Return On Assets (ROA), Return On Equity (ROE), Earning Per Share (EPS), and Net Profit Margin (NPM) on stock prices. In this study, there is one dependent variable, namely stock prices, and four independent variables, namely Return On Assets (ROA), Return On Equity (ROE), Earning Per Share (EPS), and Net Profit Margin (NPM). Return on Assets (ROA) is measured by dividing net income by total assets in the company. Return On Equity (ROE) with return on common equity and net return on common equity, which measures the return on investment of ordinary shareholders. Net Profit Margin (NPM) is calculated by dividing the total net profit earned by the company by each sale made. Earning Per Share (EPS) by dividing the number of each ordinary share produced during a specific period by the shares outstanding, measured by dividing the total period income available to shareholders from the company's common shares by the number of ordinary shares outstanding. The population and sample are 35 companies with banking companies listed on the Indonesia Stock Exchange during 2017 – 2019, so that the research sample is 35 samples, namely 105 companies. The results of this study indicate that Return On Assets (ROA) does not affect stock prices, Return On Equity (ROE) is detrimental to stock prices, Earning Per Share (EPS) has a positive effect on stock prices, and net income. Margin (NPM) does not affect stock prices.
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Husna, Nailal. "ANALISIS PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PADA PERUSAHAAN PERBANKAN." Jurnal Apresiasi Ekonomi 4, no. 2 (2019): 151–56. http://dx.doi.org/10.31846/jae.v4i2.158.
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The object of this study is a banking company whose shares are listed in Indonesia Stock Exchange 2011-2014 period, and the sampling method was census. The purpose of this study was to determine the effect of the financial performance of banking shares. And the research variables are Stock Price (Y), Return on Assets (X1), Debt to Equity Ratio (X2), Price Earning Ratio (X3), Earning Per Share (X4). Based on the analysis and discussion of the results of testing the hypothesis then the conclusion is Price Earning Ratio and Earning Per share, positive and significant impact on the share price, while Return on Assets, Dept To Equity Ratio, Earnings Per share no significant effect on stock price.
 
 Keywords : Stock Price, Return on Assets, Debt To Equity ratio, Price Earning Ratio, Earnings Per Share, Bank
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Njogo, Bibiana, Jaiyeoba Oladele, and Oladotun Mabinuori. "Impact of equity and debt financing on financial performance of quoted manufacturing companies in Nigeria." Caleb International Journal of Development Studies 3, no. 2 (2020): 64–76. http://dx.doi.org/10.26772/cijds-2020-03-02-04.
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Empirical studies have shown that equity and debt financing is one of the important determinants affecting the performance of a company. This study sought to examine the impact of equity and debt financing on performance on quoted manufacturing companies in Nigeria using the Panel Fully Modified Least Square on secondary data on earnings per share, debt and equity covering the period 2010-2018. To increase earnings, findings show that equity positively influences earnings per share while a negative relationship exists between earnings per share and debt. The study recommends that firms should finance their company majorly with equity shares rather than debt. KEY WORDS: Corporate governance, Equity, Debt, Earnings per share, and Firm’s performance.
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Guyon, Hervé, and Jean-François Petiot. "New Conjoint Approaches to Scaling Brand Equity and Optimising share of Preference Prediction." International Journal of Market Research 57, no. 5 (2015): 701–25. http://dx.doi.org/10.2501/ijmr-2015-059.
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Ratings-based conjoint analysis suffers two problems: the distortion raised by consumer perceptions of brand equity, and the lack of efficiency of probabilistic models for estimating preference shares. This article proposes two new approaches to scale customer-based brand equity using repeated measures and structural equation modeling and to estimate the share of preferences on the basis of a randomized first choice. The outcome is a new tool to predict accurate preference shares, taking into account product utilities (estimated by rating-based conjoint analysis) and the brand equity related to product attributes (estimated as a latent variable with structural equation modeling). An example with three products illustrates this new approach.
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Wandebori, Harimukti. "International Equity Placement Strategic Alliance: Exploring Stakeholder Support." Gadjah Mada International Journal of Business 20, no. 2 (2018): 205. http://dx.doi.org/10.22146/gamaijb.22291.
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International Equity Placement Strategic Alliance (IEPSA) is a strategic alliance of shared ownership between different nationality of partners. In 1998, the Indonesian Government initiated the IEPSA to privatise the State-Owned Enterprises (SOE). The problems were due to the lack of Stakeholder Support although the implementation was able to improve the performances. Variables within Stakeholder Support and the relationship were keys to bring IEPSA into prevalence. They comprise transparency, share price, a degree of internal relationship, fulfilment of the budget deficit, company restructuring, single moment, restricted shares in the market, the existence of the floor price, and plan for IEPSA. The research reveals that the dimensions of share price and degree of internal relations are the required bases for the government to formulate and implement the strategy to secure stakeholder support (involvement) using the matrix of a general strategy to secure stakeholder support (involvement)
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Kanjilal, Kiriti, and Félix Muñoz-García. "Common Pool Resources with Endogenous Equity Shares." Strategic Behavior and the Environment 9, no. 1-2 (2021): 103–43. http://dx.doi.org/10.1561/102.00000102.
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Loriot, Blake, Elaine Hutson, and Hue Hwa Au Yong. "Equity-linked executive compensation, hedging and foreign exchange exposure: Australian evidence." Australian Journal of Management 45, no. 1 (2019): 72–93. http://dx.doi.org/10.1177/0312896219830158.
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Using a sample of 268 Australian firms over the period 2009–2014, we examine the relation between the equity-linked compensation (shares and options) of Australian executives – CEOs, CFOs and directors – and firms’ foreign exchange hedging programmes. We find that the greater the number of shares held by CEOs, the higher its exposure to exchange rate movements. While this suggests that remuneration in the form of shares has a critical downside, we also find evidence for a more positive and important role in foreign exchange risk management for the share- and option-related incentives provided to CFOs. JEL Classification: G32, G15, F31
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Vaičiulytė, Ieva, and Kristina Rudžionienė. "Peculiarities of enterprise equity and equity accounting." Buhalterinės apskaitos teorija ir praktika, no. 15 (April 10, 2014): 52–62. http://dx.doi.org/10.15388/batp.2014.15.5.
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From the fundamental accounting equation becomes the evidence that equity is one of the most significant indicator of enterprise state. So the process of enterprise equity formation that should be not only legally based but also economically reasoned is definitely relevant aspect in accounting. Both the reform of public sector and complex and hard to prognosticate conditions in private sector also laws of free market that promote to respond operative to external factors require complex and comprehensive equity accounting researches.
 The aim of this article – compare peculiarities of different enterprise equity accounting (closed share holding company, state enterprise, state budget institution).
 Tasks that have been set to reach the aim: 1) scrutinize requirements for share holding company, state enterprise, state budget institution of their equity accounting; 2) compare their peculiarities of equity accounting: structure of equity, similarities and differences between 3rd class of a chart of accounts.
 After the research becomes the evidence that equity accounting of closed share holding company is strictly regulated by laws and standards while equity accounting of state enterprise and budget institution is almost unregulated. The most specific structure of equity is in state budget institution. Whereas the structure of equity in state enterprise is closer to the structure of equity in closed share holding company. Consequently in a number of cases requirements for state enterprise of their equity accounting might become closer to requirements for closed share holding company, for example, requirements for shareholders equity, formation of reserves. In this way the stringency of regulation for closed share holding company would be taken to regulate state enterprise equity accounting. However, closed share hold company has specificities that might not be adjusted in state enterprise, for example, requirements for share premium, reserve for own shares because the activity of state enterprise is not intended to reach for profit. After the comparison of the 3rd class of a chart of accounts becomes the evidence that closed share holding company and state enterprise have many similarities. However, closed share holding company has far and away more sub accounts to register equity and changes of equity.
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Utami, Novia. "ANALYSIS OF THE INFLUENCES OF DIVIDEND PAYOUT RATIO, RETURN ON EQUITY, GROWTH AND FIRM SIZE ON STOCK VALUE WITH LEVERAGE AS MEDIATING VARIABLE." Jurnal Akademi Akuntansi 3, no. 1 (2020): 44. http://dx.doi.org/10.22219/jaa.v3i1.11501.
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This study aims to examine the internal factors that influence the value of a company's shares mediated by the leverage. The sample of this research is the firms listed in the Indonesia Stock Exchange (IDX) during the period 2017 - 2019. Data collected with the purposive method and obtained 102 companies in the year observed. This study uses multiple regression analysis and regression analysis with interaction. Based on the results of multiple regression analyses, this study found that return on equity and total assets influence the value of shares with positive direction, while debt to equity, dividend payout ratio and growth sales do not affect share value. While based on the results regression analysis with interactions, this study found that leverage strengthens the effect of dividend payout ratio and sales growth on share value, and weaken the impact of return on equity and total assets on share value.
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Kumar, Vikram. "Profit Shares as Virtual Equity: Short-Run Isomorphism of Share & Wage Systems." International Journal of Economics and Finance 11, no. 7 (2019): 45. http://dx.doi.org/10.5539/ijef.v11n7p45.
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An important argument in favor of public policy to promote profit-sharing arrangements – and one that distinguishes it from the canonical wage system – is that it creates a macroeconomic externality in the form of short-run excess demand for labor. In this paper we provide insights new in the literature to show that the two systems are isomorphic. We consider the most plausible basis for the distribution of the profits between labor and capital to be one that is conceptually consistent with the functional role of labor as a residual claimant. We postulate a sharing rule that is based on the recognition that in a profit-sharing system a portion of labor’s contribution is a form of equity – virtual equity – analogous to shareholder equity. With this interpretation, if the share parameter of worker pay is endogenously determined then we show that, eschewing any independent productivity effects, a profit-sharing system is not consistent with said macroeconomic externality. This analysis provides a framework to assess recent public policy initiatives and legislative proposals on both sides of the Atlantic, arguing that their advocation can be based on distributive but not efficiency grounds.
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Li, Yongqing, Jinghui Liu, and Ian Eddie. "Share types and earnings management: Evidence from Chinese listed companies." Corporate Ownership and Control 8, no. 2 (2011): 271–84. http://dx.doi.org/10.22495/cocv8i2c2p4.
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This study contributes to the literature on the ownership structure by investigating the effect of special share types on the practice of earnings management in China. Equity ownership in listed Chinese companies have five different types: state-owned shares, legal person shares, employee shares, A-shares, and B- & H-shares, which is a phenomenon unique to the Chinese equity market. Empirical analysis shows that different share types and mixed ownership structure significantly affects the company’s earnings management. Using a sample of 544 listed Chinese company-years, this study finds that the state-owned shares and legal person shares are positively associated with earnings management. However, the proportion of B- & H-shares is not related to earnings management. In addition, empirical results also show evidence in support of a positive relationship between the proportion of A-shares and earnings management. These findings indicate that transferral of more state-owned shares and legal person shares to the public can mitigate earnings management. However, because currently in China shares are still largely owned by the state or legal persons, the magnitude of earnings management may be maintained at a high level. In addition, due to tradable A-shares has a positive relation with earnings management, holding a large proportion of A-shares still cannot effectively constrain earnings manipulation, which suggests that China’s ownership structure reform may not be highly successful as China Securities Regulatory Commission (CSRC) expected. In achieving a better corporate governance practice, further structure reform is essential
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Kocbek, Marijan. "Retaining Public Enterprise Status Through Own Shares." Lex localis - Journal of Local Self-Government 9, no. 1 (2011): 85–101. http://dx.doi.org/10.4335/9.1.85-101(2011).
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The paper deals with the transitory provisions of the Public-Private Partnership Act that strongly interferes with the legal status of the public enterprises in Slovenia. According to this Act, there are merely two options for public enterprises in which there are private equity stakes. A public enterprise can be transformed into a company in accordance with the Companies Act, or the public enterprise status can be retained, provided that the private equity stakes are in a way nullified in the public enterprise, and that only the equity stakes owned by the Republic of Slovenia or local communities remain. The Act expressly refers to an option of terminating the private equity stakes through an own shares fund. By analysing the Companies Act, the author states that in practice, the procedure for acquiring own shares is most relevant due to their withdrawal. Thus, the share capital is reduced. In this case, the companies have two options. In the first option, the companies may withdraw their shares by following a simplified procedure. When doing so, they must have reserved profits at their disposal to use them for this purpose instead of dividing them among shareholders. In the second option, the companies may also withdraw their shares chargeable to quality funds, i.e., fixed-term categories of capital. However, in so doing, they must carry out all the necessary procedures for protecting creditors, which delays the whole transaction.
 
 Keywords: • public-private partnership • public enterprise • own shares • Slovenia
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Darmawati, Deni. "RELEVANSI NILAI DARI NILAI BUKU EKUITAS." Media Riset Akuntansi, Auditing dan Informasi 2, no. 3 (2017): 39. http://dx.doi.org/10.25105/mraai.v2i3.1826.
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<p class="Style1">The book value of equity can be used as a control variable to show relation-ship between share price and earning. Book value of equity becomes a variable that has a relevant value in economic perspective. There was not much a research to test the relevant value of book value of equity in Indonesia. The content of information of book value can be used to analyze shares price data besides earning.</p><p class="Style1"><em>Keywords: Book value, Equity, Share price, Earning.</em></p>
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Alipudin, Asep. "PENGARUH EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI." JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) 2, no. 1 (2016): 1–22. http://dx.doi.org/10.34204/jiafe.v2i1.519.
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The purpose of this study was to determine the effect of earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) to the price of shares in the sub-sector of cement which is listed on the Stock Exchange simultaneously. There is also the test used is the classic assumption test, test the coefficient of determination, t test, and F test results show earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) jointly positive effect on stock prices at a cement company listed on the Indonesia stock Exchange (BEI) in the period 2010-2014.Keywords: Earning per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), dan Debt to Equity Ratio (DER)
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Alipudin, Asep. "PENGARUH EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI." JIAFE (Jurnal Ilmiah Akuntansi Fakultas Ekonomi) 2, no. 1 (2016): 1–22. http://dx.doi.org/10.34204/jiafe.v2i1.521.
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The purpose of this study was to determine the effect of earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) to the price of shares in the sub-sector of cement which is listed on the Stock Exchange simultaneously. There is also the test used is the classic assumption test, test the coefficient of determination, t test, and F test results show earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) jointly positive effect on stock prices at a cement company listed on the Indonesia stock Exchange (BEI) in the period 2010-2014.Keywords: Earning per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), dan Debt to Equity Ratio (DER)
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R, Kasinlingam. "Predicting share value of private sectors." Ushus - Journal of Business Management 9, no. 1 (2010): 73–95. http://dx.doi.org/10.12725/ujbm.16.7.
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 Investment in equity produces attractive returns in the long run irrespective of high volatility in the short term. This is true not only in a developed country but also for a developing country. But the problem is to decide at what rate to buy and what rate to sell. This article has made an attempt to predict the share value of three private sector bank shares by using equity valuation models. The result indicates that at any point of time if the actual value of shares is less than the calculated value (P0) then such shares can be purchased. This is true till 2010. The data on expected future dividend is collected from CRISIL report and company reports.
 
 
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Arviana, Nerissa, and Narumi Lapoliwa. "Pengaruh ROA, DER, EPS, PER, DAN PBV Terhadap Harga Saham." Jurnal ULTIMA Accounting 5, no. 2 (2013): 1–16. http://dx.doi.org/10.31937/akuntansi.v5i2.149.
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The purpose of this research was to analyze the effect of financial ratio towards share price. Financial ratio can be used by investor to analyze the share price before investor made an investment decision. Financial ratio used in this research were profitability ratio measured by return on assets and earning per shares, solvability measured by debt to equity ratio, and market ratio measured by price earning ratio and price to book value. The samples used in this research were 25 companies. These samples were the companies that listed at Indonesia Share Exchange (IDX) for period 2009 until 2011 and meet the criteria sampling of this study. The samples were determined based on purposive sampling method. Data that used in this research was secondary data, such as share price and financial reports. The results of this research were (1) there were significant effect of debt to equity ratio, earning per shares, and price book to value ratio towards share price (2) there was no significant effect of return on assets and price earning ratio towards share price.
 Keyword: Debt to Equity Ratio, Earning Per Share, Financial Ratio, Price Earning Ratio, Price to Book Value, Return On Assets, Share Price
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Nguyen, Hazel Thu-Hien. "Stock Market Liquidity: Financially Constrained Firms and Share Repurchase." Accounting and Finance Research 6, no. 4 (2017): 130. http://dx.doi.org/10.5430/afr.v6n4p130.
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Stock illiquidity raises the cost of share ownership to outside investors and increases firms’ cost of capital. This study substantiates that shares of financially constrained firms are significantly more illiquid than shares of similar but financially unconstrained firms. Acting as buyers of last resort for their own shares, share repurchases by financially constrained firms enhance stock liquidity, which alleviates the cost of external financing and underinvestment. Increased stock liquidity improves information efficiency, inducing higher value-added from incremental capital investments. Further, higher stock liquidity lowers stock volatility and allows financially constrained firms to issue equity.
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Chen, Qiangbing, Yali Liu, and Lu Jiang. "Culture distance and foreign equity ownership in international joint ventures." Journal of Chinese Economic and Foreign Trade Studies 3, no. 3 (2010): 189–203. http://dx.doi.org/10.1108/17544401011084280.
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PurposeThe paper aims to study the impact of cultural differences on the ownership structure of international joint ventures in China. It is reasoned that foreign investors, when faced with larger culture‐related investment uncertainties, may have the incentive to acquire more control rights to contain the risks by acquiring more equity shares in the joint ventures.Design/methodology/approachData on international joint ventures in China were used to test the theory. The data contain 941 observations from Beijing, Shanghai, Shenzhen and Tianjing, covering a 13‐year time span. Pooled ordinary least square is used in the model estimation.FindingsCultural distance between China and foreign countries was found to increase the foreign equity share in the joint ventures, a finding contrary to traditional view. In addition, it was found that cultural distance in different dimensions does not play an equal role in affecting foreign equity shares. Last, there is significant evidence that the allocation of ownership between foreign and domestic investors in the joint ventures is influenced by the investor's relative importance in supplying different types of resources.Originality/valueThe paper introduces a new perspective into the study of culture and international joint venture. Foreign investors may be able to reduce investment risk by increasing equity shares, which gives them more internal control, in international joint ventures. In contrast, the traditional view is that larger cultural distance tends to discourage foreign equity ownership.
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Nishat, Mohammad. "Experience of Equity-based Islamic Shares in Pakistan." Pakistan Development Review 41, no. 4II (2002): 583–608. http://dx.doi.org/10.30541/v41i4iipp.583-608.
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Modarabah and leasing stocks, which are listed on the Karachi Stock Exchange (KSE) since 1985, operate on the Islamic concept of financing under a well defined contractual framework supervised by the State Bank of Pakistan (SBP). The Islamic stocks had mushroom growth during the first sub-period of reforms1 and were exempted from various taxes during the initial 3 years of their operation. For investors these shares were a very attractive opportunity to build a quality portfolio and earn high returns. Due to bureaucratic and non-professional approach of banks in Pakistan these firms became popular alternatives lenders to medium and small sized business borrowers. The turn around time and efficient handling of the proposals made them more attractive.
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Muller, Mariska, Suné Ferreira-Schenk, John George Jansen van Rensburg, Daniel Mokatsanyane, and Ruschelle Sgammini. "Tracking the Performance of Listed Shares: A Comparison Between JSE Single- and Dual-listed Shares." International Journal of Economics and Financial Issues 12, no. 6 (2022): 145–54. http://dx.doi.org/10.32479/ijefi.13694.
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The measurement of a stocks return over a time period is analysed for several reasons. The most obvious and most important one is to inform investors’ expectations regarding future earnings potential. Therefore, the study made a comparison using the financial performance of single-listed shares versus dual-listed shares that trade primarily on the South African stock market (JSE). The time-period for the comparison of financial performance of single- and dual-listed shares was from 2005 to 2020 to confirm or refute the general perception surrounding superior returns of dual-listed companies as opposed to single-listed companies. Utilising financial ratios can be imperative when making informed judgments about investment portfolios. Seven of the most important financial ratios were used to measure the performance of company shares within nine specified industry sectors in South Africa. These included the earnings per share ratio (EPS), price-earnings ratio (P/E), market to book value ratio (M/B), current ratio (CR), debt to equity ratio (DER), and the return on equity ratio (ROE). The nine identified industries included the transport, consumer staples, printing, pharmaceutical, mining and manufacturing, technology, luxury goods and services, financial services, and real estate industries. The results indicate that the dual-listed companies do indeed outperform single-listed companies on the JSE for the majority of the financial ratios over the specified period. This study contributes to portfolio management by informing equity allocation in the short-term and long-term.
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Cheng, Qiang, and Terry D. Warfield. "Equity Incentives and Earnings Management." Accounting Review 80, no. 2 (2005): 441–76. http://dx.doi.org/10.2308/accr.2005.80.2.441.
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This paper examines the link between managers' equity incentives—arising from stock-based compensation and stock ownership—and earnings management. We hypothesize that managers with high equity incentives are more likely to sell shares in the future and this motivates these managers to engage in earnings management to increase the value of the shares to be sold. Using stock-based compensation and stock ownership data over the 1993–2000 time period, we document that managers with high equity incentives sell more shares in subsequent periods. As expected, we find that managers with high equity incentives are more likely to report earnings that meet or just beat analysts' forecasts. We also find that managers with consistently high equity incentives are less likely to report large positive earnings surprises. This finding is consistent with the wealth of these managers being more sensitive to future stock performance, which leads to increased reserving of current earnings to avoid future earnings disappointments. Collectively, our results indicate that equity incentives lead to incentives for earnings management.
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Pratama, Gelar Rialdi, Erry Sunarya, and Acep Samsudin. "Analisis Tingkat Pengembalian Saham pada Industri Dasar Kimia Subsektor Logam." BUDGETING : Journal of Business, Management and Accounting 1, no. 2 (2020): 93–108. http://dx.doi.org/10.31539/budgeting.v1i2.794.
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This study aims to determine how much return on shares contained in PT. Lion Metal Work with the Earning Per Share (EPS) method, and also wants to know the rate of return on debt at PT. Lion Metal Work with the Debt To Equity Ratio method. The results of this study state that the value of Earning Per Share in 2015-2016 has increased above the industry average standard, and in 2017 the company has decreased below the industry average standard, while the results of the Debt to Equity Ratio state that the company in 2015-2017 has increased but the value of the Debt To Equity Ratio is less than the industry average standard. The company's problems are in the performance of companies that are experiencing a decline and the value of profits continues to decline and the total debt continues to grow. Conclusions, based on the results and analysis of research data, the return of company shares is not good, as well as the return of debts that are categorized as small or not good because of an increase in debt from year to year while the rate of return on corporate debt is small.
 Keywords: Earning Per Share, stock returns, Debt To Equity Ratio.
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Fitriningsih, Gita, Ery Yanto, and Pandu Adi Cakranegara. "Manufacturing Firm Value Drivers through Return on Assets, Return on Equity and Earning per Shares." JAAF (Journal of Applied Accounting and Finance) 5, no. 2 (2021): 139. http://dx.doi.org/10.33021/jaaf.v5i2.3372.
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<p>The company's goal is to create value. Therefore, it is important for companies to know the source of the company's value creation. This study connects the independent factors that affect firm value, namely Return On Equity, Return On Assets, and Earning Per Shares. This research used a sample of 30 companies. The samples used in this research are manufacturing companies listed on the Indonesia Stock Exchange for the period 2017-2019 with the sampling technique using purposive sampling. The results indicated that the return on assets has no significant effect on share prices, return on equity has no significant effect on share prices, EPS has an significant effect on share prices and simultaneously return on assets, return on equity and earnings per share has an significant effect on share prices.</p>
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Emil Robert Kaburuan, Fauzan Nasafi,. "Analysis of Factors Affecting the Decision of the JABODETABEK Community in Using Equity Crowdfunding Platform." Turkish Journal of Computer and Mathematics Education (TURCOMAT) 12, no. 6 (2021): 2297–305. http://dx.doi.org/10.17762/turcomat.v12i6.4836.
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This research analyzes the factors that influence the decision to use the equity funding platform in Indonesia. Equity crowdfunding platform is a platform that organizes the crowdfunding process, where investors will receive an equity instrument that provides a share of ownership or a share of future income. This research model is compiled based on the merging of previous research models related to the intention to use the equity funding platform, such as Financing Objectives, Number of Shares Assigned, Number of Inquiries, Familiarity with the Company or Its Product, Target Attractiveness and Campaign Specification. Sources of data were collected from respondents using the equity crowdfunding platform who are JABODETABEK people through a questionnaire, and obtained 428 respondents. The data were analyzed using the SmartPLS 3, and the results show that the variable Familiarity with the Company or Its Product and Target Attractiveness affects people's decisions in using the equity crowdfunding platform.
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Akbar, Taufik. "Pengaruh Current Ratio, Earning Per Share, dan Return On Equity terhadap Divident Payout Ratio (Studi Kasus Pada Emiten yang Tercatat dalam Indeks LQ45 di BEI)." Akutansi Bisnis & Manajemen ( ABM ) 25, no. 2 (2018): 120. http://dx.doi.org/10.35606/jabm.v25i2.377.
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Dividend policy is a financial decision made by the company in determining how much profit from shares to be distributed to shareholders (investors) and how much profit from the shares to be held for re-investment of the company. In order to be able to distribute dividends the company must obtain profits by taking into account the factors that influence dividend policy. The purpose of this study was to determine the effect of return on equity, current ratio, and earnings per share on dividend payout ratio. This research was conducted on companies included in the LQ45 list on the Indonesia Stock Exchange. The number of samples taken as many as 10 samples of the company within a period of 5 years (2012-2016) using purposive sampling method. The analysis technique used is panel data regression analysis that is calculated using EViews. Based on the results of the analysis found that the return on equity, current ratio, and earnings per share simultaneously have a significant effect on dividend payout ratio. Return on equity and earning per share partially have a significant influence on dividend payout ratio. The partial ratio does not have a significant effect on dividend payout ratio.
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Murphy, Austin, Hong Qian, Yun Zhu, and Ranadeb Chaudhuri. "An empirical examination of the relationship between naked shorting and share prices around the announcement of a firm’s need for external capital." Journal of Governance and Regulation 1, no. 4 (2012): 139–64. http://dx.doi.org/10.22495/jgr_v1_i4_c1_p3.
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This research finds some empirical evidence that the sale of stock without delivering shares can contribute to pressuring down the equity prices of companies seeking to raise capital. By allowing for the delayed effects on prices of limit orders by naked shorts, a significant negative impact on equity value per share is discovered but only for naked short selling by market makers and only on stocks of firms in urgent need of external financing.
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O’Leary, Christopher J., William E. Spriggs, and Stephen A. Wandner. "Equity in Unemployment Insurance Benefit Access." AEA Papers and Proceedings 112 (May 1, 2022): 91–96. http://dx.doi.org/10.1257/pandp.20221010.
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We investigate the uneven pattern of access to unemployment insurance (UI) by age, gender, race, and ethnicity across the United States. We present results from a descriptive analysis using publicly available data reported by states over time on rates of UI recipiency and characteristics of UI beneficiaries. Recipiency measures the proportion of all unemployed who are receiving UI benefits. We find suggestive evidence that UI recipiency shares are lower than unemployment shares for females, youth, and Blacks. We offer program reforms that could be adopted by all states and required by the federal government to improve UI recipiency rates.
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Rai, Raju Kumar, and Prem Silwal. "Impacts of bonus issue on stock price in Nepalese Equity Market." International Research Journal of Management Science 2 (December 4, 2017): 106–17. http://dx.doi.org/10.3126/irjms.v2i0.28049.
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The aim of this study is to examine the effect of bonus issue on the price of equity share. The study is based on pooled cross-sectional data of 10 commercial banks whose stocks are listed in NEPSE and traded over the market. An attempt has been made in this study, to analyze the behaviour of the share prices in the Nepalese equity market towards the announcements of bonus issue, taking into account the price movements of the stocks listed in NEPSE. In order to assess the stock price reactions to bonus issue in the Nepalese equity market, Wilcoxon Matched Pairs Test has been applied in this study. The research has revealed that there is a significant impact on the price movement of shares in accordance with the bonus issue in the Nepalese equity market which is consistent to other foremost global equity markets.
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Boehme, Rodney D., Veljko Fotak, and Anthony May. "Seasoned Equity Offerings and Stock Price Crash Risk." International Journal of Finance & Banking Studies (2147-4486) 9, no. 4 (2020): 131–46. http://dx.doi.org/10.20525/ijfbs.v9i4.961.
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Using a large sample of U.S. firms during 1987–2011, we find robust evidence that the issuance of seasoned equity is associated with abnormally high future stock price crash risk. The association between seasoned equity offerings and crash risk is stronger among offerings that involve the sale of secondary shares (existing shares sold by insiders or large blockholders). We also find that recent seasoned equity issuers are far less likely to experience sudden positive price jumps relative to firms that have not recently issued equity. Our findings of elevated crash risk and diminished jump risk, when taken together, are consistent with a heightened propensity for firms to hoard bad news but not good news when issuing equity.
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Jindra, Jan. "Seasoned Equity Offerings, Valuation and Timing: Evidence from 1980's and 1990's." Quarterly Journal of Finance 03, no. 03n04 (2013): 1350013. http://dx.doi.org/10.1142/s2010139213500134.
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While the existing literature has focused on whether firms issue equity when they are overvalued, this paper examines whether there was a better time to issue seasoned equity when the valuation of a firm's shares might have been even more favorable. Using three valuation approaches, the findings suggest that: (1) the valuation of firms issuing seasoned equity is the most favorable at the time of the offering and (2) the estimated valuation errors are significantly related to the probability that firms will undertake a seasoned equity issue. These results are consistent with firms optimizing the timing of the seasoned equity offering so as to take maximum possible advantage of misvaluation of their shares.
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Bundgaard, Jakob. "Debt-flavoured Equity Instruments in International Tax Law." Intertax 42, Issue 6/7 (2014): 416–26. http://dx.doi.org/10.54648/taxi2014040.
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Debt and equity can be structured to resemble one another through hybrid financial instruments. In this contribution the emphasis is on the tax issues related to debt-flavoured equity instruments in international tax law. This most important example of such instruments is preference shares. The article introduces the financial construction of preference shares and presents the rationale behind the existence hereof. As the main contribution the article presents an analysis of the international tax law aspects of preference shares, which includes a comparative overview, emphasizing the domestic tax classification and treatment in the United States, Germany, and Denmark. Moreover, the classification and treatment according to EU tax directives and double tax treaties is presented.
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Singh, Ranjit, and Amalesh Bhowal. "Risk Perception of Employees with Respect to Equity Shares." Journal of Behavioral Finance 11, no. 3 (2010): 177–83. http://dx.doi.org/10.1080/15427560.2010.507428.
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Ramanchi, Radhika, Sunita Mehta, and Madhavi Vedera. "Equity research and valuation: Jet Airways." Emerald Emerging Markets Case Studies 7, no. 2 (2017): 1–28. http://dx.doi.org/10.1108/eemcs-06-2016-0144.
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Subject area This case helps students to analyze non-financial and financial aspects of a company and observe quantitative and qualitative aspects of decisions and decide whether to invest or not and give suggestions to sell, buy or hold stocks. The case is expected to help the students understand and analyze the following points: the overall performance of the company and industry, how fundamental and technical analysis is applied to reach investment decisions, the areas where Jet Airways occupies the top position compared to peer group (competitor analysis), the company’s financial position and valuation with the help of tools and techniques and suggestions and observations to shareholders whether to buy/sell or hold shares. Study level/applicability This case can be used for MBA (Finance) students on equity research and valuation. Students are introduced to the fundamental procedures of equity research and analysis – evaluating sector desirability, financial modeling, equity valuation methods. To enhance research skills, students are required to acquire basic knowledge on macro and micro economic indicators. This case helps students to analyze non financial and financial aspects of a company and observe quantitative and qualitative aspects of decisions and decide whether to invest or not and give suggestions to sell, buy or hold stocks. Case overview Mr Rahul, a consultant in Karvey brokerage house was about to leave the office on the evening of March 24, 2015 when the phone rang. It was Mr Srirag, one of his clients and close friends who was passionate about investing in shares. Mr Rahul with his two decades of experience in monitoring and advising various investment plans has been continuously advising Srirag on different investments in shares. Srirag said “Rahul! You know that I bought many shares in Jet Airways. While studying the annual reports of Jet Airways 2014-2015 about its business profits and losses, I came across a January to March, 2013 business quarter analysis report that wrote about Jet Airways facing a net loss of 4.95 billion rupees due to over debt burden and interest costs. It also stated that the company sold a 24 per cent stake in 2013 to Etihad for 332$ million which is an Abu Dhabi based airline. The news said that the deal would help the company overcome financial challenges, raise cash, cut costs and gain access to the global flight network. I am worried about whether this deal would allow the company to continue its operations from India or not. I am also concerned about the downfall of Kingfisher, a major setback in the aviation industry in India that owes 8,000 crores to its employees, banks, airports, oil companies. I am worried that either my investment in Jet Airways might bring huge losses or the partnership with Etihad airways would result in the reduction of costs and due to joint sales efforts, sharing resources and network integration thereby leading to a valuable share price. Since your guidance has helped in many issues, I would like to know the present condition and future prospectus prevailing in Jet Airways”. With a lot of ambiguity in his mind, he asked Rahul to recommend if he should hold or sell the shares in Jet Airways. Expected learning outcomes The case is expected to help the students understand and analyze the following points: the overall performance of the company and industry, how fundamental and technical analysis is applied to reach investment decisions, the areas where Jet Airways occupies the top position compared to peer group (Competitor analysis), the company’s financial position and valuation with the help of tools and techniques and suggestions and observations to shareholders on whether to buy/sell or hold shares. Supplementary materials The link to the following videos to be sent to participants in advance to help them prepare for the class. www.youtube.com/watch?v=_3XJXTmILyk, Equity Research Presentation: Coca-Cola, www.youtube.com/watch?v=n5pEK_2uItg Write Equity Research Report, format, process, www.youtube.com/watch?v=mMLJccgiSTk Equity Valuation and Analysis-Part I. Subject code CSS 1: Accounting and Finance.
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Motylska-Kuźma, Anna. "The Problem of Alternative Financing Source Management – The Equity Crowdfunding Case." e-Finanse 15, no. 4 (2019): 12–24. http://dx.doi.org/10.2478/fiqf-2019-0024.
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AbstractThe main objective of this paper is to analyze one of the alternative sources of financing - equity crowdfunding - from the point of view of managerial processes. Based on the case study analysis and the comparative analysis the problems and challenges of raising funds using equity crowdfunding are discussed, comparing the findings with the issuing of shares. The analysis show that although many of the activities undertaken in raising funds through issuing shares and equity crowdfunding are similar, the managerial processes in the case of equity crowdfunding require from the company first of all building and caring about relationships with investors, rather than showing and proving effectiveness. In exchange for the low legal requirements, the equity crowdfunding investors expect good communication even if the promises are not fulfilled.
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Gao, Qianzi, Ruohan Wang, Zhiying Xie, and Ye Yuan. "Equity Incentive and Operational Risk: An Analysis Based on Fixed Effects Model." BCP Business & Management 27 (September 6, 2022): 93–101. http://dx.doi.org/10.54691/bcpbm.v27i.1955.
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Different people think that the impact of equity incentive system on business risk is different.In this paper, the impact of equity incentive on corporate risk is investigated. Based on descriptive statistical analysis, correlation coefficient matrix, univariate analysis and basic regression analysis, it is found that equity incentive is positively correlated with the company operation risk. Moreover, after a series of robustness tests, the relationship is still significant, including surrogate indicators, fixed effects and adding missing variables. Furthermore, we find that equity incentive has a greater impact on business risk when the proportion of investors holding shares is low. Nevertheless, it has no impact when the proportion of investors holding shares is high. These results support the view that equity incentive can improve the company operation risk, which shed light for the implementation of equity incentive in China's listed companies.
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Firman Setiawan and Desi Ismi Rojasari. "PENGARUH RETURN ON ASSET (ROA), RETURN ON EQUITY (ROE) DAN EARNING PER SHARE (EPS) TERHADAP HARGA SAHAM SYARIAH." LISAN AL-HAL: Jurnal Pengembangan Pemikiran dan Kebudayaan 13, no. 2 (2019): 259–80. http://dx.doi.org/10.35316/lisanalhal.v13i2.596.
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Sharia share prices (including conventional shares) always fluctuate due to the interaction of demand and supply of shares in the capital market. Rising levels of demand for shares will trigger a rise in stock prices, and vice versa. However, aside from supply and demand factors, it turns out that there are other factors that are also identified as being capable and potentially affecting stock prices, particularly Shariah share prices, namely Return On Assets (ROA), Return On Equity (ROE), and market ratios namely Earning Per Share (EPS). So to prove whether the financial ratios really have an influence on sharia stock prices, the authors conducted a quantitative analysis with ROA, ROE and EPS as X variables and Shariah stock prices as Y variables. The data used in this test / analysis are Return On Assets (ROA), Return On Equity (ROE) data, Earning Per Share (EPS) and Syariah stock prices from PT. Aneka Tambang Persero Tbk 2013-2017. From the analysis that has been done, it is known that partially ROA has no effect on the Shariah share price caused by the lack of companies in earning profit, ROE has no effect on the Sharia share price caused by the lack of net profit from their own capital and the lack of business sales profits, and EPS positive effect on sharia stock prices. Whereas simultaneously, ROA, ROE and EPS have a positive influence on the Shariah stock price.
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Lin, Yi-Hua, Yenn-Ru Chen, and Jeng-Ren Chiou. "Ownership control and rights offerings in Chinese listed firms." Corporate Ownership and Control 5, no. 4 (2008): 481–91. http://dx.doi.org/10.22495/cocv5i4c5p8.
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Most Chinese listed companies were transformed from state-owned enterprises (SOEs). Institutional transformation results in an ownership structure that is characterized by highly concentrated ownership and state-owned shares, which may exert an influence on corporate finance. In China, listed companies rely heavily on equity for capital needs, but the government blockholders often subscribe to no shares or to partial shares; they tunnel seasoned offering equity (SEO) capital to their nonprofit units through related party transactions. Therefore, we examine large shareholders’ rights offering behavior and firms’ subsequent operating performance. The results reveal that with a higher ratio of state-owned shares, large shareholders tend to give up all preemptive rights for new shares of stock. Evidence confirms a predicted positive relation between large shareholders’ full rights subscription behavior and firms’ subsequent operating performance
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., Pardomuan, Dedi Budiman, and Bonar M. Sinaga. "Determinants of Market Discounts on Companies That Conduct Initial Public Offerings on the Indonesia Stock Exchange for the 2015-2019 Period." International Journal of Research and Review 9, no. 7 (2022): 660–73. http://dx.doi.org/10.52403/ijrr.20220771.
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Indonesia is one of the developing countries with a significant increase in capital market growth based on data released by KSEI (PT Kustodian Sentral Efek Indonesia), the total capital market investors in Indonesia as of 27 December 2019 reached 2.47 million investors, this number has increased significantly from 2018 where the number of investors was 1.61 million. The purpose of this study is to analyze the factors that affect the market discount on IPO shares for the 2015-2019 period, Explain the influence of these factors on the market discount of IPO shares in the 2015-2019 period. and Analyzing the phenomenon of market discounts occurring in IPO shares in the 2015-2019 period. The variables that have a significant effect on market discount are return on assets (ROA), debt to equity ratio (DER), company age (AGE), company size (SIZE), Return on Equity (ROE), Earning per Share (EPS) and firm age (AGE) with a significance value of <0.05. Market discount occurs on shares that IPO in the 2015-2019 period. Whereas investors and issuers can take mitigation or preventive actions, but if it is advanced, problem solving can be done by taking a solution Keywords: ROA, DER, AGE, SIZE, EPS, Market Discount, IPO
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Zimny, Artur. "THE EFFICIENCY OF INVESTMENTS IN SHARES OF PRIVATE EQUITY COMPANIES LISTED IN POLAND." Financial Sciences 1, no. 30 (2017): 100–126. http://dx.doi.org/10.15611/nof.2017.1.08.
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Hassan Mahmoud Al Sharawi, Hossam. "The impact of the share buyback process on financial performance: An economic and accounting perspective. Evidence from Egypt." Investment Management and Financial Innovations 19, no. 1 (2022): 210–24. http://dx.doi.org/10.21511/imfi.19(1).2022.16.
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This study aims to investigate the impact of the share buyback process and its motives on financial performance from an accounting and economic perspective. The study sample consisted of 66 firms listed on the Egyptian Stock Exchange from 2009 to 2020 and employed the OLS regression analysis. The results show a positive effect of share buybacks on financial performance, measured by the added economic value (EVA) and the return on equity (ROE). In contrast, the results show an insignificant effect of share buybacks on the return on assets (ROA). The study found that management’s motives to buy back shares affect a company’s financial performance. The study also found that management’s motive to achieve a cash surplus improves the company’s financial performance. The study also found that the company’s management motive to increase earnings per share is one of the most important motives for the company to buy back shares, which also improves the company’s financial performance. The study also showed that the economic value added (EVA) is one of the most important measures of financial performance, in which the repurchase of shares had the most significant impact in improving it over the return on assets or the return on equity. However, the study did not find evidence that the firms repurchase of shares out of increased financial leverage affects the financial performance. Moreover, the study found that increasing earnings per share is the most crucial motive for sharing buybacks in the Egyptian market. AcknowledgmentsI thank Jeddah International College for funding this research and continuous support from the Dean, Dr. Tariq Hamdi, and the general manager, Mr. Yazid Al Tunisi.I thank Professor Dr. Mohamed Tahoun, Professor of Financial Accounting at Alexandria University, for reviewing this research before sending it to the journal.
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Babenko, Ilona, Yuri Tserlukevich, and Alexander Vedrashko. "The Credibility of Open Market Share Repurchase Signaling." Journal of Financial and Quantitative Analysis 47, no. 5 (2012): 1059–88. http://dx.doi.org/10.1017/s0022109012000312.
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AbstractOpen market share repurchase announcements are commonly associated with equity undervaluation, but their signal about firm value can often be misleading. We conjecture that executives who buy shares of their firm before an announcement add credibility to the undervaluation signal. Consistent with this hypothesis, we find that announcement returns are positively related to past insider purchases, especially for firms that are priced less efficiently. Firms whose insiders bought more shares are also more likely to complete their repurchase plans. Finally, we find that insider purchases predict post-announcement stock returns.
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Simorangkir, Panubut. "ANALISIS PERBEDAAN RELEVANSI NILAI DARI NILAI BUKU EKUITAS DAN LABA PER LEMBAR SAHAM TERHADAP HARGA SAHAM PADA PERIODE SEBELUM DAN SESUDAH PENERAPAN SAK BERBASIS IFRS." Jurnal Equity 19, no. 1 (2016): 53. http://dx.doi.org/10.34209/.v19i1.476.
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This study was conducted to examine whether the implementation of GAAP-IFRS based results of any difference relevance of equity book value and share earnings, using the market price of the stock as the dependent variable, the equity book value and share earnings as an independent variable, and the periods before and after the application of GAAP-based IFRS. The analysis uses panel data regression analysis with random effects models. This research was conducted on 51 manufacturer companies listed on the Stock Exchange the period prior to the application of IFRS-based IFRSs 2008-2010 and after the application of GAAP-IFRS based in 2012-2014. The study found that in the period of after the implementation of GAAPIFRS based the relevance of equity book value increased against the market price of the shares, while the relevance of share earnings experienced a significant decrease in stock market prices
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Simorangkir, Panubut. "ANALISIS PERBEDAAN RELEVANSI NILAI DARI NILAI BUKU EKUITAS DAN LABA PER LEMBAR SAHAM TERHADAP HARGA SAHAM PADA PERIODE SEBELUM DAN SESUDAH PENERAPAN SAK BERBASIS IFRS." Equity 19, no. 1 (2016): 53. http://dx.doi.org/10.34209/equ.v19i1.476.
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This study was conducted to examine whether the implementation of GAAP-IFRS based results of any difference relevance of equity book value and share earnings, using the market price of the stock as the dependent variable, the equity book value and share earnings as an independent variable, and the periods before and after the application of GAAP-based IFRS. The analysis uses panel data regression analysis with random effects models. This research was conducted on 51 manufacturer companies listed on the Stock Exchange the period prior to the application of IFRS-based IFRSs 2008-2010 and after the application of GAAP-IFRS based in 2012-2014. The study found that in the period of after the implementation of GAAPIFRS based the relevance of equity book value increased against the market price of the shares, while the relevance of share earnings experienced a significant decrease in stock market prices
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Rajhans, Rajni Kant. "General equity vs DVR share of Tata Motors: investors’ dilemma." Emerald Emerging Markets Case Studies 9, no. 2 (2019): 1–19. http://dx.doi.org/10.1108/eemcs-01-2019-0009.
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Subject area Finance. Study level/applicability Graduate/Under Graduate Progammes Case overview/synopsis The case presents the valuation gap between general equity and DVRs shares of TML. The case presents DVRs as an alternate asset class for investment for retail investors and shows its various characteristics taking the case of TML. The case presents global evidences of the valuation gaps and hence helps in making informed decisions. The case makes the reader perplex with a varied global evidence and then presents other data (increasing interest by institutional investors in DVRs of TML) which may help to take final decision “BUY or NOT”. Expected learning outcomes The readers will be able to recall “how do finance managers use a diverse type of equity for providing new sources of finance?” The readers will be able to describe the characteristics of differential voting right (DVR) shares. The participants will be able to present various reasons for the price difference between DVR shares and general equity shares. The readers will be in a position to analyze the price pattern of Tata Motors Limited (TML’s) DVR together with global experience. The participants will be able to justify the trade-off between extra dividend and loss of voting rights in the case of DVR shares. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 1: Accounting and Finance.