IDEAS home Printed from https://ideas.repec.org/a/ids/ijbglo/v37y2024i1p1-15.html
   My bibliography  Save this article

Relationship between tea industry specific factors and tea companies share prices: empirical evidence from an emerging economy

Author

Listed:
  • Muhammadriyaj Faniband
  • Parashram Patil
  • Toufik Naykawade

Abstract

We analyse the impact of tea industry specific macroeconomic factors on tea companies' share prices listed in Bombay Stock Exchange, India using quantile regression approach. We consider monthly period from January 2003 to December 2017. We find evidence to support the relationship between tea industry and tea companies' share prices. Our results reveal that the change in area of cultivation has both negative and positive impact on the share prices of tea companies. This study indicates that production of tea has a significant and only positive influence. Further, we observe a minimal impact of tea import only on three companies' share prices. This paper also notes that tea companies' share prices react most significantly to tea export.

Suggested Citation

  • Muhammadriyaj Faniband & Parashram Patil & Toufik Naykawade, 2024. "Relationship between tea industry specific factors and tea companies share prices: empirical evidence from an emerging economy," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 37(1), pages 1-15.
    • Handle: RePEc:ids:ijbglo:v:37:y:2024:i:1:p:1-15
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=138520
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbglo:v:37:y:2024:i:1:p:1-15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=245 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.