The effects of financial efficiency and trading frequency to the stock performance of publicly listed higher education institutions in the Philippines, India, and Singapore from 2010-2014

• المؤلفون الرئيسيون: Aguilar, Jeremiah B., Carandang, Jasmine Gisela L., Mariano, Arielle V., Santos, Jim Camille M.
• التنسيق: text
• اللغة: English
• منشور في: Animo Repository 2015
• الموضوعات: Universities and colleges > Philippines; Universities and colleges > India; Universities and colleges > Singapore; Stock exchanges
• الوصول للمادة أونلاين: https://animorepository.dlsu.edu.ph/etd_bachelors/8578

This paper examines the association between financial efficiency and trading frequency to stock returns of 9 publicly listed higher education institution (HEI) in the Philippines, India and Singapore from 2010-2014. This study has been conducted in line with the curiosity of the researchers as to: (1) why only a limited number of HEIs are publicly listed and (2) why educational institutions are not normally part of the investor's portfolio. The former claim was further supported by the difficulty encountered by the researchers and the latter is supported by the small number of shares traded in a given period of time for this kind of industry (volume The Wall Street journal). With the use of ordinary least squares (OLS), multiple and panel regression, the results showed that financial efficiency, to a certain extent, explains a greater percentage (ranging from 32%-99.9%) of the variance in stock returns as compared to trading frequency. Moreover, trading frequency only provides minimal explanation as to the variations in stock return (ranging from 0.12%-74.93%). Collectively, financial efficiency and trading frequency explain, on average, 39.06%-99.43% of the variations in stock return.