The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore
The study estimates the commodity prices and firm performance risk exposures of the Malaysian and Singaporean plantation and other related commodities’ sectors, using the Ohlson (1995)’s, Easton and Harris (1991)’s and other related asset prices together with return models augmented with accounting...
| Main Author: | |
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2013
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| Online Access: | https://eprints.nottingham.ac.uk/26309/ |
| _version_ | 1848793152147685376 |
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| author | Le, Quang Thanh |
| author_facet | Le, Quang Thanh |
| author_sort | Le, Quang Thanh |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | The study estimates the commodity prices and firm performance risk exposures of the Malaysian and Singaporean plantation and other related commodities’ sectors, using the Ohlson (1995)’s, Easton and Harris (1991)’s and other related asset prices together with return models augmented with accounting factors. Results show that the firm performance factors affect significantly and strongly stock valuation. However, the commodity prices affect determinants of firm performance and stock valuation weakly. The study also finds that both the commodity prices and firm performance together affect stock prices more significantly than the stock returns do. However, both of the constructed models which show the impacts of commodity prices and firm performance on stock valuation have better explanation than Ohlson (1995)’s and Easton and Harris (1991)’s models. This study proves that the relationships among commodity prices, firm performance and stock valuation of plantation and agriculture sectors are more considerable than other sectors’ over time. |
| first_indexed | 2025-11-14T18:55:45Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-26309 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:55:45Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-263092017-10-19T13:20:36Z https://eprints.nottingham.ac.uk/26309/ The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore Le, Quang Thanh The study estimates the commodity prices and firm performance risk exposures of the Malaysian and Singaporean plantation and other related commodities’ sectors, using the Ohlson (1995)’s, Easton and Harris (1991)’s and other related asset prices together with return models augmented with accounting factors. Results show that the firm performance factors affect significantly and strongly stock valuation. However, the commodity prices affect determinants of firm performance and stock valuation weakly. The study also finds that both the commodity prices and firm performance together affect stock prices more significantly than the stock returns do. However, both of the constructed models which show the impacts of commodity prices and firm performance on stock valuation have better explanation than Ohlson (1995)’s and Easton and Harris (1991)’s models. This study proves that the relationships among commodity prices, firm performance and stock valuation of plantation and agriculture sectors are more considerable than other sectors’ over time. 2013 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/26309/1/LeQuangThanh.pdf Le, Quang Thanh (2013) The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Le, Quang Thanh The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore |
| title | The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore |
| title_full | The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore |
| title_fullStr | The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore |
| title_full_unstemmed | The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore |
| title_short | The Relationships between Commodity Prices, Firm Performance and Stock Valuation: An Empirical Evidence from Malaysia and Singapore |
| title_sort | relationships between commodity prices, firm performance and stock valuation: an empirical evidence from malaysia and singapore |
| url | https://eprints.nottingham.ac.uk/26309/ |