Determinants of company's growth in electricity services sector in Malaysia / Mohd Farid Abdul Kadir

Price earnings ratio is referring to the ratio of the current share price of a company to the earnings per share received by the shareholders. Price earnings ratio can determine whether the company is overvalued or undervalued. Price earnings ratio of a company stocks depicts variability across time...

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Bibliographic Details
Main Author: Abdul Kadir, Mohd Farid
Format: Thesis
Language:English
Published: 2017
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/93917/1/93917.pdf
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Summary:Price earnings ratio is referring to the ratio of the current share price of a company to the earnings per share received by the shareholders. Price earnings ratio can determine whether the company is overvalued or undervalued. Price earnings ratio of a company stocks depicts variability across time, indicating that stock markets had always been facing irrational pricing, speculation and financial bubbles. Therefore, the investors have various valuation techniques to identify whether the stock market is rationally priced or not. In addition, only a few researches has been made in Malaysia regarding the determinants of price earnings ratio. Thus, the purpose of this study is to identify the factors that affect the movement of price earnings ratio such as dividend payout ratio, earnings growth, firm sizes, firm leverage and return on equity in electricity services sector in Malaysia.