Impact of Assets and Stock Returns of Listed Firms in the Food Industry of Pakistan Stock Market

摘要

The main purpose of this study is to examine the affiliation among asset mechanisms and stock returns of the listed companies in the food industry of Pakistan stock exchange. The statistical population of this research entails the companies that were functioning uninterruptedly in stock markets for a period of 7 years between 2006 and 2012. Financial statements of the companies and their escorted records were obtainable at the website of Karachi Stock Exchange and State Bank of Pakistan's Databases. The population consisted of 20 operating companies in Food Industry. Multiple regression and panel data techniques were performed to test the hypotheses. The results of the study reveal that the direct relationship only exists between other assets and stock return, i.e., the more the assets increase, the more the stock returns will be. Multiple regression method was used in other tests and an inverse relationship was found between total assets and the stock return in this industry.