Impact of Accounting Data on Stock Prices: The Case of Vietnam

International Journal of Accounting and Financial Reporting, 2018, Vol. 8, No. 1

15 Pages Posted: 5 Sep 2019

See all articles by Hoang Thi Viet Ha

Hoang Thi Viet Ha

Hanoi University

Dang Ngoc Hung

Hanoi University

Dung Manh Tran

(NEU) National Economics University of Vietnam

Date Written: August 29, 2018

Abstract

This research is conducted for evaluating the impact of accounting numbers on stock prices of listed firms on Vietnam Stock Exchange. Data were collected from 416 listed firms for the period from 2012 to 2016. By using models of OLS, FEM, REM and GLS for evaluating the relationship between earnings per share (EPS), book value of stock (BV) and stock prices, the results show that EPS, BV have positive relationships with stock prices with the level of 48.13% basing on the model of Ohlson (1995) and on the model of Ohlson adjusted to Aboody et al. (2002). Based on the findings, some implications for investors and stakeholders have been given in the context of Vietnam

Keywords: accounting numbers, book value, earnings per share, stock price

JEL Classification: M40, M41

Suggested Citation

Ha, Hoang Thi Viet and Ngoc Hung, Dang and Tran, Dung Manh, Impact of Accounting Data on Stock Prices: The Case of Vietnam (August 29, 2018). International Journal of Accounting and Financial Reporting, 2018, Vol. 8, No. 1. Available at SSRN: https://ssrn.com/abstract=3444708

Hoang Thi Viet Ha

Hanoi University ( email )

Hanoi
Vietnam

Dang Ngoc Hung (Contact Author)

Hanoi University ( email )

Hanoi
Vietnam

Dung Manh Tran

(NEU) National Economics University of Vietnam ( email )

Vietnam

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