Impact of Firm-Specific Factors on the Stock Prices: New Insight from Emerging Market of Asia
Abstract
Purpose: The purpose of this paper is to investigate the factors that can influence the share prices of listed firms.
Design/Methodology/Approach: The sample of 120 listed firms was selected from 2014–to 202020 was collected.
Findings: We documented a new insight that all the variables have a strong relationship between variables with the share prices except leverage. The ROA and Leverage show a negative relationship with the share price and EPS, dividend per share, firm size and price-earnings ratio show a positive relationship with the share prices.
Implications/Originality: This paper contributes to the existing literature and continuing debate about firm-specific determinants influencing share price in an emerging market, with a focus on manufacturing firms of Pakistan.
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