Determinants of Share Price Behaviour: A Detailed Review of Empirical Studies

Authors

  •   Ananta Prasad Mohapatra Ph.D. Scholar, Post Graduate Department of Commerce Berhampur University, Berhampur - 760 007, Odisha
  •   Pramath Nath Acharya Assistant Professor, Department of Management Studies National Institute of Science and Technology, Berhampur - 761 008 Odisha
  •   Rudra Prasanna Mahapatra Professor, Post Graduate Department of Commerce Berhampur University, Berhampur - 760 007, Odisha

Keywords:

Share Price Behaviour

, Stock Prices, Financial Economics, Determinants

B16

, B20, B26, C58, G11, G14

Paper Submission Date

, January 23, 2013, Paper sent back for Revision, April 29, Paper Acceptance Date, September 10, 2013.

Abstract

Shares provide exciting opportunities for making big money. This is the reason why they have become immensely popular with the investing public as a form of investment. However, share price behaviour is a very complicated issue. This is because shares generally represent a riskier investment than do the fixed return investments. Hence, the problem of deriving a suitable basis for the evaluation of ordinary shares has been at the forefront of investment analysis. Usually, share prices are determined by the interaction of the supply and demand subject to imperfection of the stock market. In this context, the major problem is the identification and measurement of different factors which influence supply and demand. This can be achieved only by detailed review of literature on the subject. As such, the present study seeks to examine and identify the various determinants of share prices through a detailed review of empirical studies on the subject.

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Published

2013-11-01

How to Cite

Mohapatra, A. P., Acharya, P. N., & Mahapatra, R. P. (2013). Determinants of Share Price Behaviour: A Detailed Review of Empirical Studies. Indian Journal of Finance, 7(11), 38–50. Retrieved from https://www.indianjournalofcapitalmarkets.com/index.php/IJF/article/view/72071

Issue

Volume 7, Issue 11, November 2013

Section

Articles

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