Investigation of The Impact of Financial Information on Stock Prices: The Case of Vietnam

Bài báo do nhóm tác giả: Dang, N. H., Tran, M. D., & Nguyen, T. L. A; Trường Đại Học công nghiệp Hà Nội, Trường Đại học Kinh tế quốc dân. Được đăng tải trên tạp chí Academy of Accounting and Financial Studies Journal, 22(2), 1-12

ABSTRACT:This research is conducted for investigating the impact of financial information on stock prices of listed firms on Vietnam Stock Exchange. Data were collected from 273 large listed firms for the period from 2006 to 2016. By using the multiple regressions, the relationship between determinants including earnings per share, book value, cash flow from operating activities, firm size and stock prices is investigated. The results show that four determinants have positive relationships with stock prices with the explanation level of 48.1%. The impact of financial information on stock prices is getting stronger and stronger in the years of 2015 and 2016 with the explanation levels above 60%.

Keywords: Relevance of Financial Information, Stock Prices, Vietnam.

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