How Earning Per Share (EPS) Affects on Share Price and Firm Value
How Earning Per Share (EPS) Affects on Share Price and Firm Value
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发表时间：
2014
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通讯作者：
M. Islam;Tahsan Rahman Khan;T. Choudhury;Ashique Mahmood Adnan
中科院分区：
文献类型：
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作者：
M. Islam;Tahsan Rahman Khan;T. Choudhury;Ashique Mahmood Adnan
每股收益（EPS）通常被认为是决定股票价格和公司价值的最重要因素。文献表明，大多数个人投资者的个人投资决策都是基于每股收益。本文试图为每股收益如何影响股价走势提供实证证据。我们收集并分析了22家预定银行110个公司的年度数据，发现股价的变化并不像每股收益的变化那么快。我们还进一步发现，股价走势取决于微观经济因素和宏观经济因素对经济的影响。我们建议投资者在投资证券市场时，除了考虑每股收益外，还必须考虑其他因素。
Earnings per Share (EPS) is generally considered most important factor to determine share price and firm value. Literature shows that most of the individual investors take their individual investment decision based on the EPS. This paper attempts to provide empirical evidence on how EPS affect the share price movement. We have collected and analyzed 22 scheduled banks 110 firm year data and found that share price does not move as fast as the EPS move. We also further found that the share price movement depends on micro and macro economic factors on the economy. We suggest that investors must consider other factors as well as EPS in order to invest in the security market.