Factors Affecting Equity Return during Corporate Declaration

Abstract

In an efficient market, stock prices would be determined primarily by some fundamental factors. This study aims at finding the impact of some factors on the equity prices. The main target of this study is to explain the price return of shares listed in Dhaka Stock Exchange (DSE), Bangladesh. We ran regression analysis with the help of panel data and find out the relationship between dependent and all the independent variables used in the study. We examined the regressions over the four years and identified the relative changes in the impact of independent variables.

Keywords: DSE, Equity return, Earnings Surprise, Market Momentum

DOI: 10.7176/RJFA/10-16-05

Publication date: August 31^st 2019