EFFECT ON QUARTER RESULTS ANNOUNCEMENT TOWARDS STOCK PRICE: EMPIRICAL EVIDENCE FROM INDUSTRIAL PRODUCT SECTOR

Authors

  • S.Syamsyul Faculty of Business and Management, Universiti Teknologi MARA, 85000, Segamat Johor, Malaysia
  • M.N.N. Shafika Faculty of Business and Management, Universiti Teknologi MARA, 85000, Segamat Johor, Malaysia

Keywords:

Quarter Result Announcement, Stock Market, Stock Price, Earning Management, Industrial Product

Abstract

This study investigates the effects of quarterly results announcement on share price of industrial products sectors. The data of public listed companies is collect from the Kuala Lumpur Stock exchange (KLSE). The study focuses on top ten gain companies in Malaysia based on their market capitalization. By applying the Panel Ordinary Least Square (POLS) based on first quarter of 2013 until fourth quarter of 2018. This study used earnings per share, revenue, net profit, dividend and net tangible asset as independent variables and price from each company choose as dependent variables. By using POLS analysis, this study tests the significant relationship between earnings announcement and share price. It is consistent with the previous study which there is a significant relationship on earnings per share, revenues, net profits, dividend and net tangible asset towards stock price.

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Published

01-06-2020

Issue

Vol. 4 No. 1 (2020)

Section

Articles

License

Journal of Engineering Technology (JET)  is an open-access journal that follows the Creative Commons Attribution-Non-commercial 4.0 International License (CC BY-NC 4.0)

How to Cite

S.Syamsyul, & M.N.N. Shafika. (2020). EFFECT ON QUARTER RESULTS ANNOUNCEMENT TOWARDS STOCK PRICE: EMPIRICAL EVIDENCE FROM INDUSTRIAL PRODUCT SECTOR. Malaysian Journal of Industrial Technology , 4(1), 12-16. https://ejournal.unikl.edu.my/index.php/mjit/article/view/570