Abstract
This study investigates the relationship between share prices and the volatilities of earnings per share, dividends per share and cash flow per share. The relationships between the three measures and share prices are also investigated. The results indicate that the volatilities of earnings and dividends have a significant relationship with share prices, while the volatility of cash flows does not have a statistically significant relationship. The results also indicate a significant positive relationship between share prices and earnings per share, dividends per share and cash flow per share.
Subject
General Business, Management and Accounting
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