The impact of accounting information on financial statements on stock prices of listed companies in the mining sector in Vietnam

Abstract

With the aim of researching accounting information in financial statements and their impact on the stock prices of companies in the mining sector listed on the Vietnamese stock market, the research team utilized previous studies and the Ohlson model (1995) as a foundation, further developing independent variables. Data was collected from mining companies listed on the HOSE and HNX exchanges during the period from 2019 to 2022. The research model included variables such as book value per share (BVPS), earnings per share (EPS), return on assets (ROA), and debt-to-equity ratio (DE). Statistical methods including OLS, REM, FEM, and GLS in STATA 17 were employed to analyze the impact of the independent variables. The final results indicated that the stock prices of ROA and BVPS variables had a positive impact on the dependent variable, stock price (Price), while EPS and DE variables showed no statistically significant effects.