| Abstract [eng] |
The Master Thesis is focused on an assessment of the impact of microlevel factors on changes of share prices in socially responsible companies. The assessment is performed by comparing traditional companies with companies that have corporate social responsibility policy. The economic models for assessment of the impact of microlevel factors on changes of share prices were generated. The results of the research showed that the following indicators had a statistically significant influence in cases of both socially responsible and traditional companies: price-to-earnings ratio (P/E ratio), earnings per share (EPS), debt-to-equity ratio (D/E) (the impact was determined only in socially responsible companies), market price of shares, price-to-sales ratio (P/S) and dividend payout ratio. The impact of all indicators was of direct nature in the companies of both types. However, the level of impact was different in companies of different types. |
