Investigating of share price for listed technology companies in Malaysia / Arviana Modoldop

This study is to examine the relationship between book value, earnings, and intellectual capital towards share price, and which of the variables/s gives/give more impact to share price valuation. The core idea of this study is that fundamental of Ohlson (1995) and Resource Dependence Theory (RDT) is a factor and applicable in calculating the share price in Malaysia. The data are obtained from publish annual report from Bursa Malaysia and journal article. The sample cover about eleven years, in the period of year of 2008 until 2018. This study conducts the regression panel data analysis to precise whether fundamental theory of Olson (1995) book value and earnings and other theory RDT intellectual capital has a relationship to the share price. The results imply that book value, earnings and intellectual capital give relevant value in establishing the share price for Technology Companies listed in Bursa Malaysia, however only book value and earnings are gives more impact in changing of share price value. This study give advantage to the investors, policymaker, and other researchers who currently use or planning to use Ohlson (1995) and intellectual capital in share price valuation.