Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange
This article was published in International Journal of Business and Management Invention [© 2013 International Journal of Business and Management Invention] and the definite version is available at : http://www.ijbmi.org/papers/Vol(2)9/Version-1/G0291034041.pdf The article website is at: http://www....
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© 2013 International Journal of Business and Management Invention
2016
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10361-64552016-09-26T05:22:10Z Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange Haque, Samina Faruquee, Murtaza Dhaka stock exchange Fundamental factors Ideal price of stock Net asset value Stock price This article was published in International Journal of Business and Management Invention [© 2013 International Journal of Business and Management Invention] and the definite version is available at : http://www.ijbmi.org/papers/Vol(2)9/Version-1/G0291034041.pdf The article website is at: http://www.ijbmi.org/v2i9(version1).html This paper aims at identifying the influence of various fundamental factors in determining the market price of shares in Dhaka Stock Exchange (DSE). For this study 14 listed pharmaceutical companies have been considered which comprises of 70% (14 companies out of 20) of the total listed companies under pharmaceuticals and chemical industry (PCI) in Dhaka Stock Exchange (DSE). Time frame of the research is seven years slot (2005 to 2011). The analysis is done in two stages. The first segment of the paper attempts to find out the co-relation between market price of the stocks and companies’ performance, which includes earning per share (EPS), dividend per share (DPS), return on equity (ROE), return on assets (ROA), and the ratio of fixed asset to total asset (FA/TA). In the second segment, the market price of stocks under sample has been compared to fundamental or intrinsic price. This paper considers Net Asset Value (NAV) as ideal value of stock. The study depicts that the market price is very insensitive toward fundamentals of companies and current market price is highly overvalued compared to the ideal value of stocks, which reinforces that fact that the impact of unauthorized information has a greater influence in determining the price of stocks in pharmaceuticals and chemical industry in DSE. Published 2016-09-26T05:19:44Z 2016-09-26T05:19:44Z 2013-09 Article Haque, S., & Faruquee, M. (2013). Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange. International Journal of Business and Management Invention, 2(9), 34–41. Retrieved from http://www.ijbmi.org/papers/Vol(2)9/Version-1/G0291034041.pdf 2319 – 8028 (online) 2319 – 801X (print) http://hdl.handle.net/10361/6455 en http://www.ijbmi.org/papers/Vol(2)9/Version-1/G0291034041.pdf © 2013 International Journal of Business and Management Invention |
| institution |
Brac University |
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Institutional Repository |
| language |
English |
| topic |
Dhaka stock exchange Fundamental factors Ideal price of stock Net asset value Stock price |
| spellingShingle |
Dhaka stock exchange Fundamental factors Ideal price of stock Net asset value Stock price Haque, Samina Faruquee, Murtaza Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| description |
This article was published in International Journal of Business and Management Invention [© 2013 International Journal of Business and Management Invention] and the definite version is available at : http://www.ijbmi.org/papers/Vol(2)9/Version-1/G0291034041.pdf The article website is at: http://www.ijbmi.org/v2i9(version1).html |
| format |
Article |
| author |
Haque, Samina Faruquee, Murtaza |
| author_facet |
Haque, Samina Faruquee, Murtaza |
| author_sort |
Haque, Samina |
| title |
Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| title_short |
Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| title_full |
Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| title_fullStr |
Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| title_full_unstemmed |
Impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| title_sort |
impact of fundamental factors on stock price: a case based approach on pharmaceutical companies listed with dhaka stock exchange |
| publisher |
© 2013 International Journal of Business and Management Invention |
| publishDate |
2016 |
| url |
http://hdl.handle.net/10361/6455 |
| work_keys_str_mv |
AT haquesamina impactoffundamentalfactorsonstockpriceacasebasedapproachonpharmaceuticalcompanieslistedwithdhakastockexchange AT faruqueemurtaza impactoffundamentalfactorsonstockpriceacasebasedapproachonpharmaceuticalcompanieslistedwithdhakastockexchange |
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