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VOL. 5, ISSUE 2 (2023)
Validating factors affecting share price of commercial banks in Nepal
Authors
Nirmal Rakhali Magar
Abstract
This present study aims to examine the validating of factor affecting
share price of Nepalese commercial bank based on the secondary data. More
specifically, EY, DY, P/E, BVPS, ROE and ROA are the associate variables,
whereas MPS is dependent variable. Anunbalanced data set comprising 10
commercial banks of Nepal over the ten years of period from 2069/70 B.S to 2078/79
B.S have been employed for the purpose of analysis. Conclusions havebeen drawn
using Pooled OLS model as a regression model after testing their
appropriateness using Breusch-pagan Lagrange Multiplier (LM) test. Finding
shows EY and DY have negative and statistically significant effect on MPS. P/E,
BVPS, ROE, ROA have significant positive effect on MPS. These findings suggest
that investors should consider financial variables when making investment
decisions, as they can have a significant effect on the market price of a stock.
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Pages:69-75
How to cite this article:
Nirmal Rakhali Magar "Validating factors affecting share price of<i> </i>commercial banks in Nepal". International Journal of Finance and Commerce, Vol 5, Issue 2, 2023, Pages 69-75
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