Influence of Market Value Ratio to Stock Price Change in the Securities of Listed Companies in The Stock Exchange of Thailand, SET100
Keywords:
Book Value Per Share, Earnings Per Share, Sock Price ChangeAbstract
The objective of this study was to evaluation the influence of market value ratios on the securities prices changes of the companies that listed in the Stock Exchange of Thailand, SET100 group. A total of 55 companies were used in the study. Four types of market capitalization were implemented in the analysis: book value per share, earnings per share, dividend yield, and debt to equity ratio. Secondary data were collected from annual financial statements for a period of 10 years from 2011 to 2020 by using multiple regression analysis. The results showed significantly positive influences of the book value per share, and the earnings per share on stock price change at the statistical significance level of 0.05. But the dividend yield ratio and debt to equity ratio had no influence on the change of securities prices at the statistical significance level of 0.05. More studies should be done on financial ratios and other external factors such as exchange rates, inflation, etc. that may affect the change in stock prices.
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