The effect of disclosure on stock prices of Philippine Stock Exchange industrial sector firms

Date of Publication

2015

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Earl Anthony Malvar

Defense Panel Chair

Tyrone Panzer Chan Pao

Defense Panel Member

Joseph Vincent David

Abstract/Summary

Information is an important factor in investor trading. Investors base their trading decisions on the available information presented. However, when there is an imbalance in information, there exists information asymmetry. To address the issue of information asymmetry, the Philippines released policies to help enforce the disclosure of information. The Philippine Stock Exchange (PSE) and the Securities of Exchange Commission (SEC) have established regulations regarding information disclosure. With this, the researchers were motivated to find the significance of the disclosure template in relation to the change in stock prices using Anova. This study focused on the PSE industrial sector firms using data from years 2010 to 2014.

The researchers found that only the disclosure of financial statements has a significant impact on the stock price for years 2010 and 2014. Results indicated that most of the disclosures do not have a significant impact on the stock price of an industrial firm.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21633

Shelf Location

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

Physical Description

54 leaves : illustrations (some color) ; 29 cm.

Keywords

Stock exchanges--Philippines; Stocks--Prices-- Philippines

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