The effects of financial efficiency and trading frequency to the stock performance of publicly listed higher education institutions in the Philippines, India, and Singapore from 2010-2014

Date of Publication

2015

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Tyrone Panzer Chan Pao

Defense Panel Chair

Esperanza Joven

Defense Panel Member

Krisitne Mae Lagdameo

Eleanor Salumbre

Abstract/Summary

This paper examines the association between financial efficiency and trading frequency to stock returns of 9 publicly listed higher education institution (HEI) in the Philippines, India and Singapore from 2010-2014. This study has been conducted in line with the curiosity of the researchers as to: (1) why only a limited number of HEIs are publicly listed and (2) why educational institutions are not normally part of the investor's portfolio. The former claim was further supported by the difficulty encountered by the researchers and the latter is supported by the small number of shares traded in a given period of time for this kind of industry (volume The Wall Street journal). With the use of ordinary least squares (OLS), multiple and panel regression, the results showed that financial efficiency, to a certain extent, explains a greater percentage (ranging from 32%-99.9%) of the variance in stock returns as compared to trading frequency. Moreover, trading frequency only provides minimal explanation as to the variations in stock return (ranging from 0.12%-74.93%). Collectively, financial efficiency and trading frequency explain, on average, 39.06%-99.43% of the variations in stock return.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21569

Shelf Location

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

Physical Description

130 leaves ; 28 cm.

Keywords

Universities and colleges--Philippines; Universities and colleges--India; Universities and colleges--Singapore; Stock exchanges

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