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Return On Equity : An Empirical Study

Ong, Pow Ying (2000) Return On Equity : An Empirical Study. Masters thesis, Universiti Utara Malaysia.

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Abstract

This project paper is a study on the ratio of return on equity for those companies, which are listed on the KLSE main board. Those companies, which are chosen for this study, consisted of property, financial, consumer and industrial sectors. The result of this study shows that the return on equity for the period of 10 years from 1987 to 1996 is 1%. The average return on equity for the properties and industrial sectors nevertheless has shown a negative return i.e. -17.17% and -6.7%, respectively. On the other hand, the financial and consumer sectors experienced a positive turnover of 10.5% and 13.9%, respectively. Based on the return on equity for the period of 10 years, 22 companies have further been chosen for a study to be made on the dollar performance. This time the list consisted of 7 properties companies, 3 financial companies, 4 consumer products companies and 8 industrial products companies. Out of 18, 6 companies did not make a positive gain. Among all sectors, the finance sector had demonstrated the best positive overall performance on its dollar performance whereby 70% of the companies had indicated capital gain for more than 20%. As a conclusion, from the study, positive return on equity does not necessarily give investors a positive gain on their investment.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Equity, Stocks, Investment
Subjects: H Social Sciences > HG Finance
Divisions: Faculty and School System > Sekolah Siswazah
Depositing User: Mrs Hafiza Mohd Akhir
Date Deposited: 27 Aug 2009 03:54
Last Modified: 24 Jul 2013 12:06
URI: http://etd.uum.edu.my/id/eprint/197

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