Eileen Chong Pui Yee, Faculty of Business, Economics and Accounting, HELP University, Malaysia
Hassanudin Mohd Thas Thaker, Faculty of Business, Economics and Accounting, HELP University, Malaysia

A number of researches have been undertaken to identify the factors influencing stock prices in different stock markets. The existing literature strongly supports that the stock price movement mainly influenced by both firm - specific and macroeconomic variables. That is to examine the correlations and impacts of the firm - specific variables and macro­ economic variables on share price of manufacturing industry in the Malaysian stock market. As for analysis purpose, we have referred to financial report covering 30 manufacturing companies for data extraction and time framework  involved are from 2011 to 2015. Quantitative result shows that two of the firm   specific variables, namely (i) earnings per share and (ii) dividend per share are significantly related to share price but however, the rest of the variables including the macroeconomic variables are insignificant. This research enriches the existing literature that is available in the context of manufacturing industry in Malaysian stock market.

Keywords: firm specific variables, macroeconomic variables, share price, manufacturing industry

Suggested citation: Yee, E.C.P. & Thas Thaker, H.M.(2018). Determinants of share price fluctuation: evidence from the manufacturing industry in Malaysia. Skyline Business Journal, Volume 14, No 1,pp 58-70.

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Yee, E.C.P. & Thas Thaker, H.M.(2018). Determinants of share price fluctuation: evidence from the manufacturing industry in Malaysia. Skyline Business Journal, Volume 14, No 1,pp 58-70.