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Impact of Accounting Information on Financial Statements to the Stock Price of the Energy Enterprises Listed on Vietnam s Stock Market

Author

Listed:
  • Dang Ngoc Hung

    (Hanoi University of Industry, Vietnam,)

  • Hoang Thi Viet Ha

    (Hanoi University of Industry, Vietnam,)

  • Dang Thai Binh

    (Thanh Do University, Vietnam.)

Abstract

This paper studies the impact of accounting information on financial statements to the stock price of energy enterprises listed on Vietnam's stock market. By using the OLS regression model and quantile regression model (QR), the author studies the influence of factors such as return on assets (Roa), capital structure (LV), enterprise size (Size), current ratio (CR), and accounts receivable turnover (Turnover) to stock prices. Data from this study were collected from 44 energy enterprises during 2006-2016. The results show that return on assets (Roa), enterprise size (Size), current ratio (CR), and accounts receivable turnover (Turnover) are positively correlated with the stock price, with an explanation level of 48.47%. Capital structure (LV) does not affect stock prices. Based on the research results, the authors propose some recommendations for investors and enterprises and suggest other research directions as well as adding new factors to the stock price.

Suggested Citation

  • Dang Ngoc Hung & Hoang Thi Viet Ha & Dang Thai Binh, 2018. "Impact of Accounting Information on Financial Statements to the Stock Price of the Energy Enterprises Listed on Vietnam s Stock Market," International Journal of Energy Economics and Policy, Econjournals, vol. 8(2), pages 1-6.
    • Handle: RePEc:eco:journ2:2018-02-1
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Zeshan Jalil Ghazi & Dr. Waleed Khalid & Dr. Abdul Rasheed, 2024. "Value Relevance of Accounting Information of Stock Returns with the Moderating Role of Firm’s Ownership Structure: A Case Study of Initial Public Offerings in Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 412-417.
    2. Nguyen Thi Thanh Phuong & Dang Ngoc Hung & Vu Thi Thuy Van & Ngo Thanh Xuan, 2020. "Effect of Debt Structure on Earnings Quality of Energy Businesses in Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 396-401.
    3. Hasanudin Hasanudin & Andini Nurwulandari & I. Made Adnyana & Novi Loviana, 2020. "The Effect of Ownership and Financial Performance on Firm Value of Oil and Gas Mining Companies in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 103-109.
    4. Hung Ngoc Dang & Van Thi Thuy Vu & Xuan Thanh Ngo & Ha Thi Viet Hoang, 2021. "Impact of dividend policy on corporate value: Experiment in Vietnam," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5815-5825, October.
    5. Vo Thi Van Khanh & Dang Ngoc Hung, 2020. "Impact of Earnings Quality on the Debt Maturity: The Case of Vietnam," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(1), pages 1-12, January.
    6. Peter Sunday DARAMOLA & Tunji SIYANBOLA, 2023. "Accounting Variables And Share Price: An Empirical Study On Quoted Deposit Money Banks In Nigeria," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 96-112, March.
    7. Hung, Dang Ngoc, 2022. "Impact of Debt Structure, State Ownership on Business Performance in Energy Enterprises: A Case Study in Vietnam," OSF Preprints nhp8v, Center for Open Science.
    8. Nugroho, Dwiyanjana Santyo & Pertiwi, Meilani Intan, 2021. "Stock Price Reaction when Covid -19 Exist: Moderating by Firm’s Operating Cash Flow," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(1), pages 71-85.
    9. Larojan, Chandrasegaran, 2021. "Impact of Accounting Ratios on Stock Market Price of Listed companies in Colombo Stock Exchange," OSF Preprints xwk7r, Center for Open Science.

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    More about this item

    Keywords

    accounting information; financial statement; stock price; energy enterprises;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G2 - Financial Economics - - Financial Institutions and Services
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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