Title : | Impact of financial performance on market share price of Nepalese commercial banks | Material Type: | printed text | Authors: | Sudip Shrestha, Author | Publication Date: | 2018 | Pagination: | 90p. | Size: | GRP/Thesis | Accompanying material: | 11/B | Languages : | English | Descriptors: | Banks Banks and banking Share-Price
| Class number: | 332.632 | Abstract: | The result shows that SCBNL has highest average market price per share (Rs. 3320 per share), and has highest price earnings ratio (42.44 times) among the selected commercial banks over the study period. The study shows that the decreasing trend of market price per share. Similarly, the result shows that the decreasing trends of price earnings ratio till 2013 and starts to increase till year 2014, and decrease in 2015 then again it starts to increase in year 2016.The average return on assets is highest for NBBL(3.05 percent), average bank size is highest for NIBL (74.08 billion rupees), average bank age is highest for NBL (28 years), average dividend per share is highest for SCBL (Rs 65.70 per share ), average debt to equity ratio is highest for SBL (13.69 times), average book to market ratio is highest for NCCBL (44.60 percent ).
The descriptive statistics for selected commercial bank shows that the average market price per share, price earnings ratio, return on assets bank size, bank age, dividend per share, debt to equity and book to market ratio are Rs 1027 per share, 27.49 times, 1.67 percent, Rs 41.19 billion, 16.62 years, Rs 28.62 per share, 10.37 times, 28.74 percent respectively.
The correlation matrix shows that return on assets and bank size, bank age, dividend per share,debt to equity ratio is positively related to market price per share. However, book to market ratio has negative relationship with market price per share.The result also shows that bank size,dividend per share anddebt to equity ratio are positively correlated to price earnings ratio. However, return on assets, bank age andbook to market ratio are negatively correlated to price earnings ratio.
The regression result shows that beta coefficients for return on assets are positive and significant. It indicates that there is positive impact of return on assets onmarket price of share. Similarly, the beta coefficients for bank size are positive and significant. It indicates that bank size has a positive impact on the market price of share. Additionally, the beta coefficients for bank age are positive and significant. It reveals that bank age has positive impact on the market price of share. Likewise, the beta coefficients for dividend per share are positive and significant. It indicates that the dividend per share has positive impact on the market price of share.
In addition, the beta coefficients for debt to equity ratioare positive with market price of share. The result denotes that the debt to equity ratio has positive impact on themarket price of share. The result shows that beta coefficients for book to market ratioare negative with market price of share. It indicates that the book to market ratio has negative impact on market price of share.
The results show that beta coefficients for return on assets are negativeand significant with price earnings ratio. It indicates that there is negative impact of return on assets onprice earnings ratio.Likewise, the beta coefficient for debt to equity ratio is negative with price earnings ratio. The result denotes that the debt to equity ratio has negative impact on price earnings ratio.The results also shows that beta coefficients for book to market ratioare negative with price earnings ratio. It indicates that the book to market ratio has negative impact on price earnings ratio.Similarly, the beta coefficients for bank size are positive and significant with price earnings ratio. It indicates that bank size has a positive impact on price earnings ratio. Additionally, the beta coefficients for bank age are positive and significant with price earnings ratio. It reveals that bank age has positive impact on price earnings ratio.Similarly, the beta coefficient is for dividend per share are positive and significant with price earnings ratio. It indicates that the dividend per share has positive impact on price earnings ratio.
|
Impact of financial performance on market share price of Nepalese commercial banks [printed text] / Sudip Shrestha, Author . - 2018 . - 90p. ; GRP/Thesis + 11/B. Languages : English Descriptors: | Banks Banks and banking Share-Price
| Class number: | 332.632 | Abstract: | The result shows that SCBNL has highest average market price per share (Rs. 3320 per share), and has highest price earnings ratio (42.44 times) among the selected commercial banks over the study period. The study shows that the decreasing trend of market price per share. Similarly, the result shows that the decreasing trends of price earnings ratio till 2013 and starts to increase till year 2014, and decrease in 2015 then again it starts to increase in year 2016.The average return on assets is highest for NBBL(3.05 percent), average bank size is highest for NIBL (74.08 billion rupees), average bank age is highest for NBL (28 years), average dividend per share is highest for SCBL (Rs 65.70 per share ), average debt to equity ratio is highest for SBL (13.69 times), average book to market ratio is highest for NCCBL (44.60 percent ).
The descriptive statistics for selected commercial bank shows that the average market price per share, price earnings ratio, return on assets bank size, bank age, dividend per share, debt to equity and book to market ratio are Rs 1027 per share, 27.49 times, 1.67 percent, Rs 41.19 billion, 16.62 years, Rs 28.62 per share, 10.37 times, 28.74 percent respectively.
The correlation matrix shows that return on assets and bank size, bank age, dividend per share,debt to equity ratio is positively related to market price per share. However, book to market ratio has negative relationship with market price per share.The result also shows that bank size,dividend per share anddebt to equity ratio are positively correlated to price earnings ratio. However, return on assets, bank age andbook to market ratio are negatively correlated to price earnings ratio.
The regression result shows that beta coefficients for return on assets are positive and significant. It indicates that there is positive impact of return on assets onmarket price of share. Similarly, the beta coefficients for bank size are positive and significant. It indicates that bank size has a positive impact on the market price of share. Additionally, the beta coefficients for bank age are positive and significant. It reveals that bank age has positive impact on the market price of share. Likewise, the beta coefficients for dividend per share are positive and significant. It indicates that the dividend per share has positive impact on the market price of share.
In addition, the beta coefficients for debt to equity ratioare positive with market price of share. The result denotes that the debt to equity ratio has positive impact on themarket price of share. The result shows that beta coefficients for book to market ratioare negative with market price of share. It indicates that the book to market ratio has negative impact on market price of share.
The results show that beta coefficients for return on assets are negativeand significant with price earnings ratio. It indicates that there is negative impact of return on assets onprice earnings ratio.Likewise, the beta coefficient for debt to equity ratio is negative with price earnings ratio. The result denotes that the debt to equity ratio has negative impact on price earnings ratio.The results also shows that beta coefficients for book to market ratioare negative with price earnings ratio. It indicates that the book to market ratio has negative impact on price earnings ratio.Similarly, the beta coefficients for bank size are positive and significant with price earnings ratio. It indicates that bank size has a positive impact on price earnings ratio. Additionally, the beta coefficients for bank age are positive and significant with price earnings ratio. It reveals that bank age has positive impact on price earnings ratio.Similarly, the beta coefficient is for dividend per share are positive and significant with price earnings ratio. It indicates that the dividend per share has positive impact on price earnings ratio.
|
|