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Growing Science » Accounting » Determinants of stock price volatility: Evidence from cement industry

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Accounting
ISSN 2369-7407 (Online) - ISSN 2369-7393 (Print)
Quarterly Publication
Volume 5 Issue 4 pp. 145-152, 2019

Determinants of stock price volatility: Evidence from cement industry Pages 145-152 Right click to download the paper Download PDF

Authors: Arshad Mehmood, Muhammad Hafeez Ullah, Najam Ul Sabeeh

📋 Author Affiliations:
A. Mehmood1, M.H. Ullah ORCID 2, N. Ul Sabeeh3
1 University of Sargodha, Sargodha, Pakistan
2 Riphah international university, Islamabad, Pakistan
3 International Islamic Universitty Islamabad, Pakistan
doi 10.5267/j.ac.2019.2.002
3 Source: Scopus
Crossref 1 Source: CrossRef

🔑 Keywords: Corporate Governance, Corporate Social Responsibility, Board of directors, PSX

Abstract: This paper presents a survey on the effect of corporate dividend payout policy on stock price volatility. The primary objective of this study is to examine the impact of dividend payout ratio on the stock price volatility in Pakistan Stock Exchange. A sample of 15 firms from PSX is considered and the study covers the historical data over the period 2011-2015. Stock Price volatility is the dependent variable in this study and dividend payout ratio is the main independent variable. For this purpose, some other independent variables are also included such as Earnings Volatility, Size of the firm, Leverage and Assets Growth. The study has determined a positive relationship between stock price volatility and dividend payout ratio. In addition, our results show that earnings volatility and leverage had negative relationship with stock price volatility. Other independent variables including assets growth and size have maintained positive relationship with stock price volatility.

How to cite this paper
APA: Mehmood, A., Ullah, M & Sabeeh, N. (2019). Determinants of stock price volatility: Evidence from cement industry. Accounting, 5(4), 145-152.
Chicago/Turabian: Mehmood, A., Ullah, M & Sabeeh, N. 2019. "Determinants of stock price volatility: Evidence from cement industry." Accounting 5, no. 4 (2019): 145-152.
AMA: Mehmood, A., Ullah, M & Sabeeh, N. Determinants of stock price volatility: Evidence from cement industry. Accounting. 2019;5(4):145-152.

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📚 Journal: Accounting | 📅 Year: 2019 | 📖 Volume: 5 | 📄 Issue: 4 | 👁️ Views: 3310 | 📊 Crossref: 1

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