The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange
The purpose of this study is to ascertain how sales growth affects the stock market performance of businesses listed on the Dar es Salaam Stock Exchange (DSE). More specifically, the study determined the correlation between sales growth and stock market performance. A quantitative method was used to...
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| Format: | Article |
| Language: | English |
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Mashhad: Behzad Hassannezhad Kashani
2024-12-01
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| Series: | International Journal of Management, Accounting and Economics |
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| Online Access: | https://www.ijmae.com/article_210439_416ba052a443ab21a34ce2ac6239bd2b.pdf |
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| _version_ | 1841545194314399744 |
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| author | Victor Mvanda Pastory Dickson Albinus Majula |
| author_facet | Victor Mvanda Pastory Dickson Albinus Majula |
| author_sort | Victor Mvanda |
| collection | DOAJ |
| description | The purpose of this study is to ascertain how sales growth affects the stock market performance of businesses listed on the Dar es Salaam Stock Exchange (DSE). More specifically, the study determined the correlation between sales growth and stock market performance. A quantitative method was used to analyze the secondary data from 14 companies out of 28 registered with the DSE. Furthermore, the analysis of quantitative data using the Generalized Linear Equation Model (GLM), Mixed Generalized Linear Regression Model (MGLM), and Panel Regression Model (PRM) helped to obtain results for generalization. Findings indicated that sales growth had a statistically significant negative impact on the firm’s performance by 0.01 according to the pooled GLM in Tanzania. The fixed and random effect model revealed a non-statistically significant effect despite the unbalanced panel effects; as a result, sales growth had a 0.516 negative influence on firm performance. As a result, the financial performance of the organization and sales growth were inversely related. The study recommended that companies registered with the DSE should well leverage so as to benefit from the performance competitiveness of the DSE public market. |
| format | Article |
| id | doaj-art-4ae47b1924c54705a76d958f6e10dd43 |
| institution | Kabale University |
| issn | 2383-2126 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Mashhad: Behzad Hassannezhad Kashani |
| record_format | Article |
| series | International Journal of Management, Accounting and Economics |
| spelling | doaj-art-4ae47b1924c54705a76d958f6e10dd432025-01-12T08:07:50ZengMashhad: Behzad Hassannezhad KashaniInternational Journal of Management, Accounting and Economics2383-21262024-12-0111121714173610.5281/zenodo.14510895210439The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock ExchangeVictor Mvanda0Pastory Dickson1Albinus Majula2Department of Business Administration, College of Business Education (CBE), Dar es Salaam, TanzaniaDepartment of Business Administration, College of Business Education (CBE), Dar es Salaam, TanzaniaDepartment of Accountancy, College of Business Education (CBE), Dar es Salaam, TanzaniaThe purpose of this study is to ascertain how sales growth affects the stock market performance of businesses listed on the Dar es Salaam Stock Exchange (DSE). More specifically, the study determined the correlation between sales growth and stock market performance. A quantitative method was used to analyze the secondary data from 14 companies out of 28 registered with the DSE. Furthermore, the analysis of quantitative data using the Generalized Linear Equation Model (GLM), Mixed Generalized Linear Regression Model (MGLM), and Panel Regression Model (PRM) helped to obtain results for generalization. Findings indicated that sales growth had a statistically significant negative impact on the firm’s performance by 0.01 according to the pooled GLM in Tanzania. The fixed and random effect model revealed a non-statistically significant effect despite the unbalanced panel effects; as a result, sales growth had a 0.516 negative influence on firm performance. As a result, the financial performance of the organization and sales growth were inversely related. The study recommended that companies registered with the DSE should well leverage so as to benefit from the performance competitiveness of the DSE public market.https://www.ijmae.com/article_210439_416ba052a443ab21a34ce2ac6239bd2b.pdfdseperformancessales growthstock market |
| spellingShingle | Victor Mvanda Pastory Dickson Albinus Majula The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange International Journal of Management, Accounting and Economics dse performances sales growth stock market |
| title | The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange |
| title_full | The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange |
| title_fullStr | The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange |
| title_full_unstemmed | The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange |
| title_short | The Determinants of Stock Market Performance Among Registered Companies in Tanzania: A Case of Dar Es Salaam Stock Exchange |
| title_sort | determinants of stock market performance among registered companies in tanzania a case of dar es salaam stock exchange |
| topic | dse performances sales growth stock market |
| url | https://www.ijmae.com/article_210439_416ba052a443ab21a34ce2ac6239bd2b.pdf |
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