The perspective of every shareholder with respect to continuation of interest and investment of capital in a company or not is known as shareholder perspective (Rothaermel, 2021). There is consideration of long-term by most shareholders to invest and show interest in a company (Feng et al., 2020). This is because there can be stock price of every firm important for every shareholder to consider the prospects of every firm (Feng et al., 2020).