Advanced Search
MyIDEAS: Login

Financial performance of telecommunications companies and their stock price movements in the Indonesian stock market

Contents:

Author Info

  • Diena Aziza
  • Eno L. Inanga
Registered author(s):

    Abstract

    This study examines, critically, the relationship between movements in stock prices of a sample of Indonesian telecommunications companies listed on the Indonesians Stock Exchange and the nature of their relationship, if any, to company financial performance. It analyses 23 financial reports over the period 2005 to 2009, the first five financial years of each of the study companies in the sample. The study uses four independent variables to analyse the financial performance of each company, namely: earnings per share (EPS), return on assets (ROA), and return on equity (ROE), and debt to equity ratio (DER). Stock price was used as the dependent variable. The study disclosed simultaneous significant relationships between all the independent variables and the stock price movements. The multiple correlation coefficient (R) was 0.943, indicating a strong relationship among the variables. However, for individual independent variables, only EPS ratios had significant relationship with the stock price movements.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.inderscience.com/link.php?id=41896
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Economics and Accounting.

    Volume (Year): 2 (2011)
    Issue (Month): 3 ()
    Pages: 255-281

    as in new window
    Handle: RePEc:ids:ijecac:v:2:y:2011:i:3:p:255-281

    Contact details of provider:
    Web page: http://www.inderscience.com/browse/index.php?journalID==357

    Related research

    Keywords: financial performance; stock price; earnings per share; EPS; return on assets; ROA; return on equity; ROE; debt to equity ratio; DER; fundamental analysis; Indonesia; telecommunications companies; stock markets; firm performance.;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ids:ijecac:v:2:y:2011:i:3:p:255-281. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.