Firm Specific Attributes and Stock Returns: A Case of Nepalese Insurance Companies

Authors

  • Purna Man Shrestha Mid-Western University, Surkhet, Nepal

Keywords:

Firm specific attributes, Insurance companies, Stock return, Nepal stock exchange, explanatory power

Abstract

This paper empirically evaluates the explanatory power of the firm specific attributes such as size [Ln(ME], book-to-market equity [Ln(BE/ME)], and net worth per share [Ln(NWPS), on stock return (Rj) of Nepalese insurance companies listed in Nepal Stock Exchange (NEPSE). The study coverers the period of 2000/01 to 2017/18 with 12 insurance companies out of 22 listed insurance companies in NEPSE (Mid-July, 2018). The empirical analysis of this study concludes that, size [Ln(ME], book-to-market equity [Ln(BE/ME)] and net worth per share [Ln(NWPS) have explanatory power to explain the cross-section of stock return of Nepalese insurance companies. Among these variables book-to-market equity [Ln(BE/ME)] has strong explanatory power than other variables.

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Author Biography

Purna Man Shrestha, Mid-Western University, Surkhet, Nepal

PhD Scholar

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Published

2019-12-31

How to Cite

Shrestha, P. M. (2019). Firm Specific Attributes and Stock Returns: A Case of Nepalese Insurance Companies. Nepalese Journal of Management Science and Research, 3(2), 102–113. Retrieved from https://nepjol.info/index.php/njmsr/article/view/64650

Issue

Vol. 3 No. 2 (2019)

Section

Original Articles

License

Copyright (c) 2019 Nepalese Journal of Management Science and Research

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