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Scholars Journal of Economics, Business and Management | Volume-6 | Issue-08
Impact of Accounting Information on Market Share Price of Firms Listed on Kuwait Stock Exchange
Fatima Rahal
Published: Aug. 30, 2019 | 133 135
DOI: 10.36347/sjebm.2019.v06i08.004
Pages: 417-423
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Abstract
To examine if the Accounting Information affects the Kuwait stock exchange, the quantitative methodology relied on the panel multiple regression through compiling and analyzing the accounting information and market share price secondary data for the period 2011 – 2018. The independent variables are Return on Equity (ROE), Earning per Share (EPS), and Dividend per Share (DPS) Market Share Price (MSP) of premier listed companies on Kuwait stock exchange. The analysis of the coefficient of correlation R shows that the correlation is very strong among DPS and EPS, DPS and ROE, EPS and ROE whilst it is strong among MSP and ROE, MSP and DPS, and EPS and MSP. Moreover, the variation of the three variables affects strongly the variation of MSP significantly on 1%. Therefore, there is a cause-effect relation between accounting information and MSP