Corporate characteristics and stock prices : evidence from listed companies in the Philippines

Date of Publication

2013

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Adviser

Kenneth Drexel S. Bihis

Defense Panel Chair

Herminigilda E. Salendrez

Defense Panel Member

Alger Tang

Alloysius Paril

Drexel Bihis

Abstract/Summary

A company's stock can be an indicator of how well or bad a company is performing in the market. Because of this, companies plan their actions and movements comprehensively in order to obtain a higher stock price. These would also include determining the factors, which could influence the movements of the stock price. The study explored the effects of corporate governance, disclosure compliance, firm size, and firm tenure on the change in stock price among publicly listed companies in the Philippines during the years 2008 – 2012. To accomplish this, the researchers made use of panel data regression with corporate governance, disclosure compliance, firm size, and firm tenure as independent variables and the change in stock price as the dependent variable to highlight the relationship and impact of the various independent variables on the stock price. The result showed that the disclosure compliance, the number of board of directors and the total assets of the company do not significantly affect the publicly listed companies’ change in stock price. Nonetheless, market capitalization, ratio of outside to total number of board of directors, and firm tenure exhibits significant impact on companies’ change in stock price. By being able to point out which factors would positively affect stock prices, management would be to plan their actions and movements more comprehensively in order to be able to create more opportunities that could increase the company’s stock price.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU18235

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

vi, 124, 1 unnumbered leaves ; 28 cm.

Keywords

Corporations--Valuation; Securities--Prices

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