IDEAS home Printed from https://ideas.repec.org/a/epw/ejbmr0/v9y2024i2id52305.html

Assessing Systematic Risk through Accounting Information: Evidence from the Colombo Stock Exchange

Author

Listed:
  • Paththamperuma Arachchige Don Dilini Randika

    (Sabaragamuwa University of Sri Lanka, Sri Lanka)

Abstract

This study tests whether accounting information significantly influences systematic risk. To operationalization the relationship between the accounting information and systematic risk, a panel data analysis is conducted on stock analysis with a portfolio of higher beta stocks, moderate beta stocks, and lower beta stocks as well as overall stocks among the selected 154 listed companies in the Colombo Stock Exchange (CSE). Within this application, the present study seeks to present empirical evidence on the relationship between accounting information and systematic risk in the Colombo Stock Market. The study found that the accounting variables significantly influence systematic risk. While accruals were not significant in influencing systematic risk, moreover, the study suggests accounting variables are well explained in the systematic risk and recommends using accounting-based risk factors other than market-based risk factor models in the Sri Lankan context.

Suggested Citation

  • Paththamperuma Arachchige Don Dilini Randika, 2024. "Assessing Systematic Risk through Accounting Information: Evidence from the Colombo Stock Exchange," European Journal of Business and Management Research, European Open Science, vol. 9(2), pages 79-83, March.
    • Handle: RePEc:epw:ejbmr0:v:9:y:2024:i:2:id:52305
    DOI: 10.24018/ejbmr.2024.9.2.2305
    as

    Download full text from publisher

    File URL: https://eu-opensci.org/index.php/ejbmr/article/view/52305
    File Function: Abstract page
    Download Restriction: no
    File URL: https://eu-opensci.org/index.php/ejbmr/article/download/52305/7983
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.24018/ejbmr.2024.9.2.2305?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:epw:ejbmr0:v:9:y:2024:i:2:id:52305. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Support Team (email available below). General contact details of provider: https://eu-opensci.org/index.php/ejbmr .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.