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

Authors

  • Dang Ngoc Hung Dang Ngoc Hung Associate Professor of Accounting & Auditing Faculty of Accounting & Auditing Hanoi University of Industry, Vietnam Tay Tuu Ward, Bac Tu Liem District, Ha Noi
  • Hoang Thi Viet Ha
  • Dang Thai Binh

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.Keywords: accounting information; financial statement; stock price; energy enterprisesJEL Classifications: E44, G2, Q43

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Author Biography

Dang Ngoc Hung, Dang Ngoc Hung Associate Professor of Accounting & Auditing Faculty of Accounting & Auditing Hanoi University of Industry, Vietnam Tay Tuu Ward, Bac Tu Liem District, Ha Noi

Associate Professor of Accounting & AuditingFaculty of Accounting & AuditingThe Hanoi University of Industry, VietnamTay Tuu Ward, Bac Tu Liem District, Ha Noi, Vietnam

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Published

2018-03-20

How to Cite

Hung, D. N., Ha, H. T. V., & Binh, D. T. (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, 8(2), 1–6. Retrieved from https://econjournals.com./index.php/ijeep/article/view/5964

Issue

Vol. 8 No. 2 (2018)

Section

Articles

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