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Refine your search Apply to external sourcesDeterminants of equity share price in banks and insurance companies in Nepal / Prajwal Regmi
Title : Determinants of equity share price in banks and insurance companies in Nepal Material Type: printed text Authors: Prajwal Regmi, Author Publication Date: 2015 Pagination: 88p. Size: GRP/Thesis Accompanying material: 4/B General note: Including bibilography Languages : English Descriptors: Equality share
Banks
Banks and banking
Insurance
Nepal
Share-PriceKeywords: 'equality share share price equality share prices' Class number: 332.632 Determinants of equity share price in banks and insurance companies in Nepal [printed text] / Prajwal Regmi, Author . - 2015 . - 88p. ; GRP/Thesis + 4/B.
Including bibilography
Languages : English
Descriptors: Equality share
Banks
Banks and banking
Insurance
Nepal
Share-PriceKeywords: 'equality share share price equality share prices' Class number: 332.632 Hold
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Barcode Call number Media type Location Section Status 86/D 332.632 REG Books Uniglobe Library Social Sciences Available
Title : Determinations of equality share prices: evidence from Nepalese commercial banks Material Type: printed text Authors: Om Prakash Bhattarai, Author Publication Date: 2014 Pagination: 92p. Size: GRP/Thesis Accompanying material: 1/B Languages : English Descriptors: Equality share
Share-PriceKeywords: 'equality share share price equality share prices' Class number: 332.632 Determinations of equality share prices: evidence from Nepalese commercial banks [printed text] / Om Prakash Bhattarai, Author . - 2014 . - 92p. ; GRP/Thesis + 1/B.
Languages : English
Descriptors: Equality share
Share-PriceKeywords: 'equality share share price equality share prices' Class number: 332.632 Hold
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Barcode Call number Media type Location Section Status 39/D 332.632 BHA Thesis/Dissertation Uniglobe Library Social Sciences Available
Title : Dividend policy and share price volatility: evidence from Nepalese commercial banks Material Type: printed text Authors: Rakhi Jha, Author Publication Date: 2014 Pagination: 80p. Size: GRP/Thesis Accompanying material: 2/B General note: Including Bibliography Languages : English Descriptors: Banks and banking
Dividend policy
Dividends
Share-PriceKeywords: 'dividend policy share price volatility banking dividends share' Class number: 650 Abstract: The study on dividend policy and share price volatility: evidence from Nepalese commercial banks provides an important insight into the understanding of share price behavior in Nepal stock market. This study basically aimed at examining the volatility in share price with respect to banks specific variables and also attempted to evaluate
the causal relationship between dividend policy and share price volatility in Nepalese
stock market. The main purpose of this study is to know relationship between share
price volatility and dividend yield, dividend payout, capital, earnings, asset quality,
net interest margin, investment, size, debt, return on equity and return on assets.
However, the specific objectives of the study are: (a) to analyze whether the current
dividend policy should be maintained or changed, (b) to examine the investor‟s
preference towards dividend payment, (c) to analyze the uniformity with regards to
behaviors in dividend distribution of Nepalese Commercial banks, (d) to analyze the
relationship between dividend and market price of share, (e) to identify the
relationship between price volatility and financial performance of Nepalese
commercial banks, (f) to examine the effects of bank specific variables on price
volatility. The proposed study could be used by researchers, policy makers, and
mangers to examine and understand share price volatility and dividend policy in
Nepalese context.
The sample was selected through purposive sampling method. A structured, self
administered questionnaire was used to collect data from the respondents. Descriptive
statistics including frequencies, percentages, mean and standard deviation were used
to describe variable characteristics while inferential statistics (correlation and
regression) were used to determine and explain variable relationships. The multiple
regression models are used to check the relationship between dependent and
independent variables. This study employs panel data techniques to measure the
relation between price volatility with dividend yield, dividend payout, capital, size,
net interest margin, investment, debt, return on assets, return on equity and earnings
volatility for a sample of 20 commercial banks for the period of 2007-2011. For this
we are selecting 20 commercial banks of Nepal containing 100 observations.
VIII
The study results showed that price volatility is positively correlated with dividend
payout, size of the firm, investment, return on assets and return on equity whereas,
negatively correlated with dividend yield, capital, net interest margin, and debt and
earnings volatility. The coefficient of dividend yield and size is positive with price
volatility. The coefficient of dividend payout, capital, net interest margin, investment,
debt, return on assets, and return on equity and earnings volatility is negative with
price volatility. Further this study found that stable dividend policies should be
followed by the commercial banks. If the company has no cash to pay dividends then
company should pay stock dividends. Hence, current trading price of shares in the
market is moderate. Lack of buying and selling behavior of investors is responsible
for the lack of development of Nepalese stock market. On the basis of earnings
dividend declaring firms have more shareholders and their share value is high. On the
basis of financial performance firm should not pay dividends if profitable
investments. Stable dividend at present level is recommended for Nepalese
commercial banks. Share prices are more volatile (volatile: ups and downs) than
expected dividends.
In sum up, the major findings of this study can add value to the existing literature. It
may help decision makers at bank to focus on major banking activities that may
increase the stock price or may decrease the stock price volatility with other
competitive banks. This may also help management of commercial bank in creating
appropriate strategies for attaining the least share price volatility in Nepalese stock
market.Dividend policy and share price volatility: evidence from Nepalese commercial banks [printed text] / Rakhi Jha, Author . - 2014 . - 80p. ; GRP/Thesis + 2/B.
Including Bibliography
Languages : English
Descriptors: Banks and banking
Dividend policy
Dividends
Share-PriceKeywords: 'dividend policy share price volatility banking dividends share' Class number: 650 Abstract: The study on dividend policy and share price volatility: evidence from Nepalese commercial banks provides an important insight into the understanding of share price behavior in Nepal stock market. This study basically aimed at examining the volatility in share price with respect to banks specific variables and also attempted to evaluate
the causal relationship between dividend policy and share price volatility in Nepalese
stock market. The main purpose of this study is to know relationship between share
price volatility and dividend yield, dividend payout, capital, earnings, asset quality,
net interest margin, investment, size, debt, return on equity and return on assets.
However, the specific objectives of the study are: (a) to analyze whether the current
dividend policy should be maintained or changed, (b) to examine the investor‟s
preference towards dividend payment, (c) to analyze the uniformity with regards to
behaviors in dividend distribution of Nepalese Commercial banks, (d) to analyze the
relationship between dividend and market price of share, (e) to identify the
relationship between price volatility and financial performance of Nepalese
commercial banks, (f) to examine the effects of bank specific variables on price
volatility. The proposed study could be used by researchers, policy makers, and
mangers to examine and understand share price volatility and dividend policy in
Nepalese context.
The sample was selected through purposive sampling method. A structured, self
administered questionnaire was used to collect data from the respondents. Descriptive
statistics including frequencies, percentages, mean and standard deviation were used
to describe variable characteristics while inferential statistics (correlation and
regression) were used to determine and explain variable relationships. The multiple
regression models are used to check the relationship between dependent and
independent variables. This study employs panel data techniques to measure the
relation between price volatility with dividend yield, dividend payout, capital, size,
net interest margin, investment, debt, return on assets, return on equity and earnings
volatility for a sample of 20 commercial banks for the period of 2007-2011. For this
we are selecting 20 commercial banks of Nepal containing 100 observations.
VIII
The study results showed that price volatility is positively correlated with dividend
payout, size of the firm, investment, return on assets and return on equity whereas,
negatively correlated with dividend yield, capital, net interest margin, and debt and
earnings volatility. The coefficient of dividend yield and size is positive with price
volatility. The coefficient of dividend payout, capital, net interest margin, investment,
debt, return on assets, and return on equity and earnings volatility is negative with
price volatility. Further this study found that stable dividend policies should be
followed by the commercial banks. If the company has no cash to pay dividends then
company should pay stock dividends. Hence, current trading price of shares in the
market is moderate. Lack of buying and selling behavior of investors is responsible
for the lack of development of Nepalese stock market. On the basis of earnings
dividend declaring firms have more shareholders and their share value is high. On the
basis of financial performance firm should not pay dividends if profitable
investments. Stable dividend at present level is recommended for Nepalese
commercial banks. Share prices are more volatile (volatile: ups and downs) than
expected dividends.
In sum up, the major findings of this study can add value to the existing literature. It
may help decision makers at bank to focus on major banking activities that may
increase the stock price or may decrease the stock price volatility with other
competitive banks. This may also help management of commercial bank in creating
appropriate strategies for attaining the least share price volatility in Nepalese stock
market.Hold
Place a hold on this item
Copies
Barcode Call number Media type Location Section Status 29/D 332.1 JHA Thesis/Dissertation Uniglobe Library Social Sciences Available
Title : Effect of firm specific and macroeconomic varibles on market price of shares and financial performance in commercial banks of Nepal Material Type: printed text Authors: Suas Amatya, Author Publication Date: 2016 Pagination: 78p. Size: GRP/Thesis Accompanying material: 5/B General note: Including bibilography Languages : English Descriptors: Bank loans
Banks
Banks and banking
Firm specific
Macroeconomics
Share-PriceKeywords: 'return on assets return on equity market price per share earning per share gross domestic product banks' Class number: 332.632 Abstract: The banking sector has been undergoing a complex, but comprehensive phase of restructuring since 1991, with a view to make it sound, efficient, and at the same time it is forging its links firmly with the real sector for promotion of savings, investment and growth. The study examines the determinants of bank profitability in Nepal. These determinants have been categorized into internal factors which are bank-specific characteristics and external factors which are macroeconomic factors. Many studies have been undertaken to study on factors affecting the share price in development countries but in Nepal there are few studies which have been conducted on this issue. This study investigates the relationship between share price, bank specific and micro-economic variables of selected Nepalese commercial banks. The stock price in the market is not static rather it changes every day. The most obvious factor that influence are demand and supply factors. The price of any commodity is affected by both micro-economic and macro-economic factors.
The main objective of the study is to determine the effects of firm specific and macroeconomic variables on bank performance and share price in Nepalese commercial banks and to make recommendations for management decision making and policy objectives. A panel data of 14 commercial banks in Nepal was analyzed over a period of 2003-2013, using a generalized least squares technique to estimate fixed effect regression models. Two key measures of profitability (dependent variables) analysed in this study comprised of Return on Asset (ROA), Return on Equity (ROE) and a measure of share price market price per share (MPS). Bank-specific factors, which were incorporated into the regression models were capital adequacy ratio, assets quality ratio, dividend per share and firm size. In addition, macroeconomic factors captured in the regression models included inflation, Gross Domestic Products growth rate (GDP).
The results for the ROA model indicate that capital adequacy, firm size, and dividend per share were positively related to bank profitability while asset quality is negatively significant to bank profitability. Moreover, inflation and GDP were positively significant to bank profitability in case of ROA. Similarly, the results for the ROE model indicate that capital adequacy, firm size, and dividend per sharewere positively related to bank profitability while asset quality is negatively correlated to bank profitability. Moreover, inflation and GDP were positively related to bank profitability.The results for the MPS model indicate that capital adequacy, firm size,and dividend per sharewere positively related to share price while asset quality is negatively correlated to share price. Moreover, inflation and GDP growth rate was positively correlated to share price.
Effect of firm specific and macroeconomic varibles on market price of shares and financial performance in commercial banks of Nepal [printed text] / Suas Amatya, Author . - 2016 . - 78p. ; GRP/Thesis + 5/B.
Including bibilography
Languages : English
Descriptors: Bank loans
Banks
Banks and banking
Firm specific
Macroeconomics
Share-PriceKeywords: 'return on assets return on equity market price per share earning per share gross domestic product banks' Class number: 332.632 Abstract: The banking sector has been undergoing a complex, but comprehensive phase of restructuring since 1991, with a view to make it sound, efficient, and at the same time it is forging its links firmly with the real sector for promotion of savings, investment and growth. The study examines the determinants of bank profitability in Nepal. These determinants have been categorized into internal factors which are bank-specific characteristics and external factors which are macroeconomic factors. Many studies have been undertaken to study on factors affecting the share price in development countries but in Nepal there are few studies which have been conducted on this issue. This study investigates the relationship between share price, bank specific and micro-economic variables of selected Nepalese commercial banks. The stock price in the market is not static rather it changes every day. The most obvious factor that influence are demand and supply factors. The price of any commodity is affected by both micro-economic and macro-economic factors.
The main objective of the study is to determine the effects of firm specific and macroeconomic variables on bank performance and share price in Nepalese commercial banks and to make recommendations for management decision making and policy objectives. A panel data of 14 commercial banks in Nepal was analyzed over a period of 2003-2013, using a generalized least squares technique to estimate fixed effect regression models. Two key measures of profitability (dependent variables) analysed in this study comprised of Return on Asset (ROA), Return on Equity (ROE) and a measure of share price market price per share (MPS). Bank-specific factors, which were incorporated into the regression models were capital adequacy ratio, assets quality ratio, dividend per share and firm size. In addition, macroeconomic factors captured in the regression models included inflation, Gross Domestic Products growth rate (GDP).
The results for the ROA model indicate that capital adequacy, firm size, and dividend per share were positively related to bank profitability while asset quality is negatively significant to bank profitability. Moreover, inflation and GDP were positively significant to bank profitability in case of ROA. Similarly, the results for the ROE model indicate that capital adequacy, firm size, and dividend per sharewere positively related to bank profitability while asset quality is negatively correlated to bank profitability. Moreover, inflation and GDP were positively related to bank profitability.The results for the MPS model indicate that capital adequacy, firm size,and dividend per sharewere positively related to share price while asset quality is negatively correlated to share price. Moreover, inflation and GDP growth rate was positively correlated to share price.
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Barcode Call number Media type Location Section Status 155/D 332.632 AMA Thesis/Dissertation Uniglobe Library Social Sciences Available
Title : Factors affecting share prices on banking and non-banking enterprises: a case of Nepal Material Type: printed text Authors: Suman K.C, Author Publication Date: 2016 Pagination: 100p. Size: GRP/Thesis Accompanying material: 5/B General note: Including bibilography Languages : English Descriptors: Banks
Banks and banking
Share-PriceKeywords: 'equality share share price equality share prices' Class number: 332.632 Abstract: The stock market plays a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent (Fama and French, 1995).Identification of the factors shaping the share prices is crucial for the corporate managers and it is even more crucial in banking sectors especially in case of Nepal because most of the investors in the capital market invest in the shares of the banks. So, the empirical relationship between share prices and its determinants are stated as the research questions followed by the development of the hypotheses. The major objective of this study is to analyze the factors affecting the share prices of the banks and non-banks along with the examination of empirical relationship between them. To analyze the structure and pattern of market price per share, price earnings ratio, dividend per share, earnings per share, price earnings ratio, return on equity, investment opportunities, leverage, total assets and cash flows and to find out the similarities and dissimilarities of the stock price between banking and non-banking enterprises.
The review of literatures has shown relationship between various factors such as earnings per share, profitability, investment opportunities, leverage, size, liquidity, dividend per share, price earning etc. There may be other factors such as demand and supply conditions which can be influenced by the performance of the company, the performance of the industry and the other players in the industry (Alshubiri, 2010). In addition, profitability, earnings per share, investment opportunities, leverage, size and liquidity are some of the variables that are found to have significant association with share prices in various context. Based on the reviews, this study has proposed the conceptual framework identifying earnings per share, profitability, investment opportunities, leverage, size and liquidity as the most important factors affecting the share prices of banks and non-banks enterprises.
For the purpose of the study 14 banks and 18 listed non-banks divided are taken as sample and required data such as market price per share, price earnings ratio and the independent variables are collected from official website of concern organization, Nepal Stock Exchange Limited (NEPSE), Security Board of Nepal (SEBON), Nepal Rastra Bank (NRB) and annual reports from respective organizations. This study collected data of sampled organizations at least for five years to ten years. (i.e. 2003/04 to 2012/13). The data were extracted from balance sheet, income statement, cash flow statement of respective organizations. Earnings per share, total assets, leverage, profitability, liquidity dividend per share and investment opportunities has been used as independent variables where as market price per share and price earnings ratio used as dependent variables. Stratified sampling method is used to select the sample of banks and non bank’s. Descriptive statistics and correlation analysis has been used as method of analysis along with different statistical test of significance for validation of model such as t-test, F-test, direction of autocorrelation and multi-colinearity and stepwise linear regression analysis.
After the data analysis, earning per share, profitability, investment opportunities and dividend per share are the major determinants of stock price of banking and non -banking group. Investment opportunities, total debt to total assets and cash flows are the major determinants of price earnings ratio of banking and non- banking group. The relationship of market price per share with size, liquidity, price earnings ratios and leverage was found to have same result for determining market price per share of banks, non- banks and total sample selected. Dividend per share, earnings per share, profitability, investment opportunities, size and liquidity found to have positive relationship with market price per share. Price earnings ratio have positive relationship with dividend per share, earnings per share, profitability ,size and liquidity however it has negative relationship with total debt to total assets.
The report also investigates the fact that the analysis conducted has limitations. Finance companies and development banks has not been used in study, only 14 commercial banks and 18 non-banks has been used as sample due to availability of data and the study has assumed the linear relationship between dependent and independent variables.Factors affecting share prices on banking and non-banking enterprises: a case of Nepal [printed text] / Suman K.C, Author . - 2016 . - 100p. ; GRP/Thesis + 5/B.
Including bibilography
Languages : English
Descriptors: Banks
Banks and banking
Share-PriceKeywords: 'equality share share price equality share prices' Class number: 332.632 Abstract: The stock market plays a pivotal role in the growth of the industry and commerce of the country that eventually affects the economy of the country to a great extent (Fama and French, 1995).Identification of the factors shaping the share prices is crucial for the corporate managers and it is even more crucial in banking sectors especially in case of Nepal because most of the investors in the capital market invest in the shares of the banks. So, the empirical relationship between share prices and its determinants are stated as the research questions followed by the development of the hypotheses. The major objective of this study is to analyze the factors affecting the share prices of the banks and non-banks along with the examination of empirical relationship between them. To analyze the structure and pattern of market price per share, price earnings ratio, dividend per share, earnings per share, price earnings ratio, return on equity, investment opportunities, leverage, total assets and cash flows and to find out the similarities and dissimilarities of the stock price between banking and non-banking enterprises.
The review of literatures has shown relationship between various factors such as earnings per share, profitability, investment opportunities, leverage, size, liquidity, dividend per share, price earning etc. There may be other factors such as demand and supply conditions which can be influenced by the performance of the company, the performance of the industry and the other players in the industry (Alshubiri, 2010). In addition, profitability, earnings per share, investment opportunities, leverage, size and liquidity are some of the variables that are found to have significant association with share prices in various context. Based on the reviews, this study has proposed the conceptual framework identifying earnings per share, profitability, investment opportunities, leverage, size and liquidity as the most important factors affecting the share prices of banks and non-banks enterprises.
For the purpose of the study 14 banks and 18 listed non-banks divided are taken as sample and required data such as market price per share, price earnings ratio and the independent variables are collected from official website of concern organization, Nepal Stock Exchange Limited (NEPSE), Security Board of Nepal (SEBON), Nepal Rastra Bank (NRB) and annual reports from respective organizations. This study collected data of sampled organizations at least for five years to ten years. (i.e. 2003/04 to 2012/13). The data were extracted from balance sheet, income statement, cash flow statement of respective organizations. Earnings per share, total assets, leverage, profitability, liquidity dividend per share and investment opportunities has been used as independent variables where as market price per share and price earnings ratio used as dependent variables. Stratified sampling method is used to select the sample of banks and non bank’s. Descriptive statistics and correlation analysis has been used as method of analysis along with different statistical test of significance for validation of model such as t-test, F-test, direction of autocorrelation and multi-colinearity and stepwise linear regression analysis.
After the data analysis, earning per share, profitability, investment opportunities and dividend per share are the major determinants of stock price of banking and non -banking group. Investment opportunities, total debt to total assets and cash flows are the major determinants of price earnings ratio of banking and non- banking group. The relationship of market price per share with size, liquidity, price earnings ratios and leverage was found to have same result for determining market price per share of banks, non- banks and total sample selected. Dividend per share, earnings per share, profitability, investment opportunities, size and liquidity found to have positive relationship with market price per share. Price earnings ratio have positive relationship with dividend per share, earnings per share, profitability ,size and liquidity however it has negative relationship with total debt to total assets.
The report also investigates the fact that the analysis conducted has limitations. Finance companies and development banks has not been used in study, only 14 commercial banks and 18 non-banks has been used as sample due to availability of data and the study has assumed the linear relationship between dependent and independent variables.Hold
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Barcode Call number Media type Location Section Status 185/D 332.632 KCS Thesis/Dissertation Uniglobe Library Social Sciences Available
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