Publication Date

1962

Document Type

Dissertation/Thesis

First Advisor

Casebier, Eleanor||Hackamack, Lawrence C. (Lawrence Carroll), 1921-

Degree Name

M.S. (Master of Science)

Department

Department of Management and Finance

LCSH

Investments||Stocks

Abstract

The purpose of this study is to determine which of the two relationships, earnings per share to market price of common stock or dividends per share to market price of common stock, has the greater degree of correlation. This study used a selected control group of five privately owned public electrical utilities which are similar, to study the relationships. These were the five privately owned public electrical utilities which composed the selected control group; 1. Central Maine Power Company 2. Indianapolis Power and Light Company 3. Kansas City Power and Light Company 4. Portland General Electric Company 5. Puget Sound Power and Light Company The study arrives at the following conclusions; 1. The relationship of earnings per share to market price of common stock the greater degree of correlation (coefficient of correlation being 0.964, 0.972 and 0.878). 2. The relationship of dividends per share to Market price has a high degree of correlation (coefficient of correlation being 0.850, 0.524 and 0.852). These conclusions affirm the conventional theory that per share have the greater relationship to market price in the controlled group used in this study.

Comments

Includes bibliographical references.

Extent

x, 54 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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