Academic literature on the topic 'Amman Stock Exchange'
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Journal articles on the topic "Amman Stock Exchange"
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Omar Mohammad Al-Azzam, Majeda, and Prof Ahmad Ibrahim Malawi. "أثر سيادة القانون على مؤشر أسعار الأسهم في بورصة عمان (الأردن): دراسة قياسية (1998-2017)." Jordan journal of applied sciences-Humanities Science Series 32, no. 2 (July 1, 2022): 11. http://dx.doi.org/10.35192/jjoas-h.v32i2.328.
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This study aimed to investigate the impact of Rule of Law on the stocks’ price index in Amman Stock Exchange over the period (1998-2017). Several diagnostic tests have been applied, such as Augmented Dickey-Fuller (ADF) for stationarity. The results have shown that the time series of the real interest rate is stationary at its levels, i.e. I (0), whereas the stocks' price index, indirect foreign investment, and rule of law are stationary at their first differences, i.e. I (1). While the real GDP is found to be stationary at the second difference, i.e. I (2). Vector autoregression model (VAR) is used in estimation. The study utilized two major tools for analysis: Variance Decomposition and Impulse Response Function.
The study found a positive impact of the rule of law on the stocks’ price index in Amman Stock Exchange. Based on the findings, the study recommended the need to implement laws and regulations to improve the stocks’ price index in Amman Stock Exchange in Jordan.
Keywords: Rule of Law, Stocks’ price index, Jordan.
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Razzaq Al Rababa’a, Abdel, Zaid Saidat, and Raed Hendawi. "Forecasting stock returns on the Amman Stock Exchange: Do neural networks outperform linear regressions?" Investment Management and Financial Innovations 18, no. 4 (December 1, 2021): 280–96. http://dx.doi.org/10.21511/imfi.18(4).2021.24.
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Different models have been used in the finance literature to predict the stock market returns. However, it remains an open question whether non-linear models can outperform linear models while providing accurate predictions for future returns. This study examines the prediction of the non-linear artificial neural network (ANN) models against the baseline linear regression models. This study aims specifically to compare the prediction performance of regression models with different specifications and static and dynamic ANN models. Thus, the analysis was conducted on a growing market, namely the Amman Stock Exchange. The results show that the trading volume and interest rates on loans tend to explain the monthly returns the most, compared to other predictors in the regressions. Moreover, incorporating more variables is not found to help in explaining the fluctuations in the stock market returns. More importantly, using the root mean square error (RMSE), as well as the mean absolute error statistical measures, the static ANN becomes the most preferred model for forecasting. The associated forecasting errors from these metrics become equal to 0.0021 and 0.0005, respectively. Lastly, the analysis conducted with the dynamic ANN model produced the highest RMSE value of 0.0067 since November 2018 following the amendment to the Jordanian income tax law. The same observation is also seen since the emerging of the COVID-19 outbreak (RMSE = 0.0042).
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Jabarin, Mai, Abdulnaser Nour, and Sameh Atout. "Impact of macroeconomic factors and political events on the market index returns at Palestine and Amman Stock Markets (2011–2017)." Investment Management and Financial Innovations 16, no. 4 (December 5, 2019): 156–67. http://dx.doi.org/10.21511/imfi.16(4).2019.14.
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This study aims to investigate the effect of macroeconomic factors on Palestine and Amman Stock Exchange returns. Also, the study handles the political events in the area and their impact on Palestine and Amman stock markets returns. This study applied the macro-econometric model based on Arbitrage Pricing Theory. In addition, the most important political events are selected, and their effect was tested using the event study methodology. The results show that the consumer price index, gross domestic product, and exchange rate have a significant impact on stock index returns, but industrial production index and balance of trade have no significant effect. In addition, the results reveal that the political events have a significant effect on Palestine and Amman stock markets returns. For instance, at Palestine Stock Exchange, seven out of eleven events had a significant impact on the Palestinian general index returns. Regarding the Amman Stock Exchange, there were nine out of eleven events, which had a significant impact on the Jordanian general index returns. The main results show that the macroeconomic factors and political events have a significant impact on the Palestine and Amman stock market returns. Both Palestine and Amman Stock Markets are inefficient and the markets do not absorb uncertain information and noisy events.
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Moyasser Menazel Aljboul, Moyasser Menazel Aljboul. "The effect of applying the principle of independence on the quality of internal auditing in the Jordanian companies listed on the Amman Stock Exchange: أثر تطبيق مبدأ الاستقلالية على جودة التدقيق الداخلي في الشركات الأردنية المدرجة ببورصة عمان." مجلة العلوم الإقتصادية و الإدارية و القانونية 5, no. 17 (September 28, 2021): 41–23. http://dx.doi.org/10.26389/ajsrp.c200121.
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This study aimed to identify the effect of applying the principle of independence on the quality of internal auditing on firms listed at the Amman Stock Exchange. To achieve the objectives of the study, the descriptive analytical approach was followed, and the study sample consist of a sample of (100) of employee in the companies that listed on the Amman Stock Exchange. The most important findings of the study are that there is a strong degree of agreement among the study participants on the extent of applying the principle of independence in the companies listed on the Amman Stock Exchange, and the general mean for its phrases was (3.86). The study also concluded that there is a good and positive degree of agreement on the quality of the internal audit found in the Jordanian firms listed on the Amman Stock Exchange from the viewpoint of workers in companies at a good level, and The general mean for its phrases was (3.35). Finally, the study found that there was a significant effect on applying the principle of independence to the quality of internal audit in the firms listed on the Amman Stock Exchange. And that the application of the principle of independence in the Jordanian companies listed on the Amman Stock Exchange is responsible for enhancing 27.5% of the quality of internal auditing, which is a good and effective percentage.
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AlAli, Shireen Mahmoud. "The Impact of Capital Structure on the Financial Performance of the Jordanian Industrial Companies Listed on the Amman Stock Exchange for the Period 2012-2015." Asian Journal of Finance & Accounting 9, no. 2 (January 1, 2018): 369. http://dx.doi.org/10.5296/ajfa.v9i2.12076.
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The purpose of this study was to identify the effect of the capital structure as a percentage of total liabilities to total assets on the financial performance of the Jordanian industrial companies listed on the Amman Stock Exchange for the period 2012-2015.The study population included all the Jordanian general industrial companies listed on the Amman Stock Exchange. The sample of the study included 10 industrial companies listed on the Amman Stock Exchange. The linear regression analysis was used to test the relationship between variables using the ordinary least squares method (OLS).The results showed that there is a positive significant impact on the capital structure of the industrial shareholding companies listed in the Amman Stock Exchange as measured by the ratio of equity to total assets, return on equity and return on assets and net earnings per share as an indicator of financial performance.The results also showed a negative significant impact on the capital structure of industrial shareholding companies listed on the Amman Stock Exchange as measured by total liabilities to total assets, return on equity and return on assets as an indicator of financial performance, and net earnings per share as an indicator of the financial performance indicators.
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Halim AlTheibeh, Ziad Abdul, Oday Abdulraheem Alhyari, and Mohyedin Hamza. "Impact of Financial and Non-Financial Voluntary Disclosure on Stock Liquidity for Jordanian Industrial Shareholding Companies Listed on Amman Stock Exchange." International Journal of Business and Management 13, no. 12 (November 14, 2018): 125. http://dx.doi.org/10.5539/ijbm.v13n12p125.
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This study aims to identify the impact of financial and non-financial voluntary disclosure on stock liquidity for Jordanian industrial shareholding companies listed on Amman Stock Exchange. For achieving this objective, the study adopted analytical methodology, as it is proper for the nature of this study. The study population consists of 60 Jordanian industrial shareholding companies listed on Amman Stock Exchange, whereas the study sample consists of 30 companies. The researchers used the appropriate statistical methods through SPSS program.
The most important results of this study that the level of voluntary disclosure on stock liquidity for Jordanian industrial shareholding companies listed on Amman Stock Exchange is medium. In addition, the results show that voluntary disclosure (financial and non-financial) does not affect on stock liquidity for Jordanian industrial shareholding companies listed on Amman Stock Exchange.
The study concluded with a set of recommendations, most important: to guide investors to the information contained in financial reports to help them make their wise investment decisions by focusing their attention on all items listed on financial reports and not focusing on certain indicators only. The information contained in financial reports would reflect a clear picture of about the status of the organization and work to raise the level of disclosure of the information contained in the financial reports through the combined efforts of the joint stock companies, auditors and Securities Commission.
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Omush, Ahmed M. Al, Walid M. Masadeh, and Rasha M. Zahran. "The Impact of Earnings Management on Stock Returns for Listed Industrial Firms on the Amman Stock Exchange." Business and Economic Research 9, no. 3 (July 2, 2019): 1. http://dx.doi.org/10.5296/ber.v9i3.15011.
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This study aims to investigate the impacts of earning management on the stock returns of listed industrial firms on the Amman Stock Exchange, with the observance of (firm size and operating cash flow) as control variables for the study. In order to fulfill the purposes of this study, the researcher utilized (Jones model) and (Modified Jones model) to measure earning management through reliance on discretionary accruals as evidence of earnings management practices, and utilize (Market Return On the Stock model) to measure stock returns, and the study population was Mining and Extraction Industries firms also Food and Beverages firms listed in Amman Stock Exchange, the study was conducted on a sample of 18 firms which represents 75% of the study population for the period from 2014 to 2018, In addition to using descriptive and analytical approach to data collection, analysis, and testing hypotheses through financial statements of the firms in the study, the researcher has used the Statistical Package for Social Sciences (SPSS) program to test the hypotheses. This study creates many results some of which are: there is an insignificant relationship between earnings management practices and stock returns for listed industrial firms in Amman Stock Exchange during the study period at the significance level of 5%, Which reflects the poor efficiency in Amman Stock Exchange and not the information contained in the financial statements issued and therefore not impact stock prices, which in turn affects the stock returns, and there is an insignificant relationship between stock returns and operating cash flow at the level of significance of 5%, In addition found significant correlation between firm size and stock returns at the significance level of 1%. The researcher presented a set of recommendations; the following are most valuable: the importance of increasing the awareness of the relevant parties about the unreliability of financial statements issued by industrial companies listed on the Amman Stock Exchange in existence of the earnings management practice and not reflecting the information contained in the financial statements on prices and stock returns by holding seminars, conferences and meetings also Activating the role of audit committees further to be able to detect the practice of earnings management and decrease it.
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Aziz Farid Saymeh, Abdul, and Rashed Mohamad Salameh. "Factors Affecting Service Share Prices at Amman Stock Exchange." International Journal of Business and Management 14, no. 7 (June 15, 2019): 149. http://dx.doi.org/10.5539/ijbm.v14n7p149.
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The research objective was to identify the determinants of services stock prices. Research community was represented by the service companies listed in Jordan’s Amman Stock Exchange (ASE). The companies were selected to whose shares continued trading during the study period (2010-2015). The study sample was composed of (27) shareholding companies which were listed on the Amman Stock Exchange (ASE) during the afore mentioned period.
The study results revealed that there was a significant impact of the factors selected such as: profits (distributed profits, return on assets and net cash flows from operations) on the market value of service companies share prices listed on ASE.
The study recommended that further studies ought to be conducted to specify the factors that might affect the market value of listed companies’ shares.
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Katircioglu, Salih Turan. "Modeling daily Amman Stock Exchange volatility for services sector." Pressacademia 5, no. 3 (September 30, 2016): 339. http://dx.doi.org/10.17261/pressacademia.2016321976.
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Alrabadi, Dima Waleed Hanna. "Pairs trading: is it profitable in Amman Stock Exchange?" Afro-Asian J. of Finance and Accounting 7, no. 3 (2017): 242. http://dx.doi.org/10.1504/aajfa.2017.085544.
Full textDissertations / Theses on the topic "Amman Stock Exchange"
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Al, Zoubi Tariq. "Corporate cash-holding decisions : Amman stock exchange." Thesis, Brunel University, 2013. http://bura.brunel.ac.uk/handle/2438/7360.
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Using a panel data analysis of a sample of 80 listed non-financial Jordanian firms during the period from 2000 to 2011, we investigated the corporate cash-holding decision. The firm’s decision to hold cash has come to the fore in last two or three years as a result of the recent global financial crisis, and the impact that this has had on the firms’ ability to raise funds from external sources. There is evidence in the US, for example, that firms have increased their holdings of cash as a result of increasing constraints from external sources. This current study therefore examines this issue from the point of view of a developing economy. We started by investigating the empirical determinants of corporate cash holdings; the results showed that firm size and growth opportunities have no significant effect on corporate cash-holding decisions, while firm’s cash flow, leverage, and liquid assets substitute have a significant negative effect on cash-holding decisions, and profitability and cash dividends have a positive effect on cash-holding decisions. Then we investigated empirically how cash-holding affects the value of corporate firms. Based on Fama and French’s (1998) valuation model and Faulkender and Wang’s (2006) model, the results showed that the marginal value of each Jordanian Dinar (JD) is valued at a discounted value of 0.41 JD; with higher leverage the marginal value of cash is declining, with a higher level of cash the marginal value of cash is increasing and, finally, cash dividends have no significant effect on shareholders’ value. We also investigated empirically how a group of explanatory variables affect a firm’s debt ratio by focusing on the liquidity variable. Results showed that the total debt ratio is positively affected by firm size and is negatively affected by growth opportunities, profitability, assets tangibility and total liquidity, cash, and non-cash liquidity. The long-term debt ratio is positively affected by firm size, non-debt tax shield, asset tangibility, total liquidity, cash, and non-cash liquidity, while the long-term debt ratio is negatively affected by growth opportunities and profitability. For the short-term debt models, the debt ratio is negatively affected by firm size, asset tangibility, and liquidity in its different forms. An investigation into the speed of adjustment showed that Jordanian firms quickly adjusted the total and long-term debt ratio, while they do not have an optimal or target short-term debt ratio.
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Alomari, Mohammad. "Market efficiency and volatility spillovers in the Amman Stock Exchange : a sectoral analysis." Thesis, University of Dundee, 2015. https://discovery.dundee.ac.uk/en/studentTheses/9e35efbe-da36-4805-a98a-0ae0b7396f9d.
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This thesis investigates the weak-form of the Efficient Market Hypothesis (EMH) by examining the behaviour of equity returns in the Amman Stock Exchange (ASE). In particular, the 10 largest sectors in terms of market capitalisation and number of listed companies are considered. According to the weak-form of EMH, current share prices reflect all available historical information such that investors should not be able to beat the market or earn abnormal returns consistently by trading on the basis of historical price data. It is important topic for a country seeking to promote economic development as well as foster the financial and regulatory development that Jordan has sought to publicise over the past few years. Furthermore, while a number of studies have investigated the topic of stock market efficiency for ASE they have tended to focus on the whole market index, or used the old sectoral classification. To the best of the researcher’s knowledge no study has either used the new industry grouping or applied the multivariate General Autoregressive Conditional Heteroscedasticity (GARCH) model to test for time-varying variance and correlations between sectoral index returns in the ASE. This thesis tries to fill this gap in the literature by investigating market efficiency in the ASE using the new sectoral classification and finding the determinants of any interdependence between sectors. In the first part of the analysis, the weak-form of EMH is tested by examining the risk-return relationship of the 10 ASE sectoral equity indices. Persistence in share volatility is investigated and the leverage effect is also studied by employing univariate symmetric and asymmetric GARCH models. A large sample of daily sectoral index data is used in the analysis over the 10-year period from 2003 to 2012. The results from estimating various GARCH models indicate that the returns for different sectors are characterised by different levels of volatility persistence and almost all reject the hypothesis that the ASE is weak-form efficient. This finding implies that share price changes in a sector may be predicted from its own historical information on return and volatility and a more up-to-date trading system is needed or more regulations concerning corporate disclosure are required. To obtain a more in depth understanding of the share price formation process than that supplied in the first part of the analysis, the dynamic linkages between the 10 sectors of ASE in terms of both return and volatility are investigated in the second empirical component of the thesis. A Granger Causality test is employed to study the relationships between each pair of equity returns from the ASE sectors. The return spillovers between the 10 sectors of the ASE are investigated using a multivariate Vector Autoregressive (VAR) model, while the volatility spillovers in own as well as in other sectors’ returns and the dynamic conditional correlations among the sectors is examined using a multivariate Threshold GARCH model with Dynamic Conditional Correlation (DCC-MVTGARCH). In terms of return spillovers, the results indicate that the mean return of a sector is only affected by changes of historical share prices from other industries in a minority of cases. By contrast, evidence of interdependence in the volatility across the 10 ASE sectors is more evident; a large number of shocks and volatility spillovers are uncovered in the data. Furthermore, the results indicate that correlations between the sectoral equity returns are time-varying and not constant over the period of investigation. The results support the notion the news in one sector influences not only the return in that sector but also the variance of price changes in other sectors through their input-output linkages. These findings imply that the sectoral equity returns of the ASE are predictable from historical share price changes in their own series while their return volatility and interdependences are also predictable from the past volatility of the other sectors; this result calls the weak-form of the EMH into question since it suggests that investors can outperform the market by studying historic return and volatility information in the ASE.Finally, building on the previous analysis the determinants of the time-varying conditional correlations between the different pairs of sectoral returns are investigated. Firm specific as well as macroeconomic variables are found to be significant determinants. In particular, 10 financial ratios and seven macroeconomic variables are investigated; a Principal Component Analysis (PCA) is used to narrow down the most relevant factors. Principal components are then extracted and used to construct the independent variables in the panel data analysis to explain the time-varying sectoral return correlations. The resulting findings show that profitability, aggregated demand and inflation are important in explaining time-varying sectoral return correlations between the ASE sectors. However, a further analysis indicated the effect on asset correlation of liquidity, profitability and stock market performance (growth) depends on aggregate demand (economic vulnerability).
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Al-Hajieh, H. "Market efficiency and volatility in an Islamic financial market interpreted from a behavioural finance perspective : a case study of the Amman Stock Exchange." Thesis, Coventry University, 2011. http://curve.coventry.ac.uk/open/items/cfff00ca-c72c-49d7-a818-03e03ea3bcb5/1.
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The research undertaken aims to contribute to the debate about market efficiency and market volatility in an Islamic context. The research relates to the Amman Stock Exchange (ASE) and covers the period 1992 to 2007. It undertakes quantitative analysis involving two key elements: first, testing for random walk and calendar anomaly effects in market returns and, second, modelling volatility in market returns. The thesis applies a series of standard econometric and statistical techniques to this issue. The key ‘novel’ contributions of this study relate to the focus on Islamic religious holiday effects and also the application of behavioural finance theoretical models to explain the findings in terms of the influence of social mood (mood misattribution) effects. These are approaches that have not been previously applied in the literature within an Islamic context. The author argues that the econometric and statistical techniques applied are ‘fit for purpose’. Standard methods are applied; however, these are applied in ‘novel’ ways in parts of the thesis. For example, moving-date calendar effects are modelled for the first time and the modelling of volatility makes use of interaction effects to explore the impact of interactions between different mood-influencing variables. The study begins by identifying that the ASE index returns do not follow a Random Walk. It then goes on to identify day-of-the-week effects. First trading day of the week effects found in relation to the first trading day that follows the Muslim holy day of Friday. Monthly calendar effects were also found. January or turn-of-the-year effects were found in the ASE similar to those found previously in some Western markets. However, the largest monthly effects were found in relation to the holy month of Ramadan. Most significantly, Ramadan was found to be the only month where the average daily returns were both statistically different from the other months in the year and also positive. This, it is argued in the thesis, is due to social mood (or mood misattribution) effects. The research looks beyond informational efficiency and develops a number of ‘novel’ contributions to research in this area in terms of both the empirical findings and the behavioural finance-related interpretation of these findings, as well as the influence of Islamic ethics in Amman’s stock market returns. The thesis also examines the relationship between seven behavioural mood-proxy variables and stock market returns. Fama (1991) argues that efficiency and volatility are unrelated. In this thesis, however, evidence is uncovered which suggests that this may not be the case. High levels of volatility were found at the start and at the end of the Ramadan holy festival; this volatility, it is argued, is related to social mood. This issue is examined further by exploring previously unstudied interactions between mood-related Ramadan effects and mood-related weather and biorhythmic effects. The results of this thesis, the author believes, provide strong evidence for the existence of Muslim religion investment decision biases associated with social mood effects (mood misattribution). It is argued that these social mood effects in the case of Jordan relate mainly to Islamic ethics and cultural issues, as they are found predominantly during the Ramadan religious holiday. Despite the existence of decision biases within the ASE, no profitable trading anomaly opportunities were identified. This may be due, in part, to Jordan having high trading transaction costs. It is possible, however, that profitable trading opportunities related to Islamic holidays may exist in countries that follow stricter religious observance. The author believes that there is an opportunity to extend this research to countries such as Bahrain.
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Africano, Beatriz Elena. "Decision-usefulness of accounting information to equity investors of firms listed on the Amman Stock Exchange : an empirical investigation." Thesis, University of Sunderland, 2013. http://sure.sunderland.ac.uk/5273/.
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This study examines the decision-usefulness of financial information produced in the external financial reports from the implementation of the International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS) to equity investors of the Amman Stock Exchange (ASE) in their investment decision-making process. The study employs mixed method research that uses quantitative and qualitative methods. The quantitative research methodology employs archival financial data from the ASE using inferential statistics to investigate the association between share market prices and a well known model, the residual earnings model, derived from (Preinreich 1938, Ohlson (1995) Feltham and Olson (1995)). Data is collected from companies listed on the ASE for the period before implementation of the IAS/IFRS, 1980-1989, and for the period after implementation, 1991-2009. In general, the results indicate a statistical association between share market prices and book value per share (BVPS) and residual earnings per share (REPS) with the BVPS robust to share market prices. The second quantitative method employs questionnaires administered to individual and institutional equity investors of the ASE. Key findings indicate that equity investors believe the implementation of the IAS/IFRS produces decision-useful financial information, that the accounting information has the useful qualitative characteristics proposed by the International Accounting Standards Board and that the price-to-book ratio, the dividend discount model and the price-earnings multiple are very useful models as inputs into their investment decision-making process. Semi-structured interviews were conducted to accounting, auditing and ASE experts in Jordan. Prevalent findings indicate that developments within the ASE and accounting profession have influenced the decision-usefulness of financial information. Few believed that Jordan should develop its own accounting standards. This research contributes to knowledge, being the first comprehensive study that employs a mixed method research using archival financial data for a 29-year study period from the ASE and primary data to evaluate the decision-usefulness of financial information produced from implementing the IAS/IFRS. Furthermore, this research fills a gap in the literature by examining the period before IAS/IFRS implementation and the period after implementation in Jordan to determine if IAS/IFRS implementation resulted in decision-useful financial information. The main implication of this research is that reported financial information has greater decision-usefulness after the implementation of the IAS/IFRS than before, implying positive effects of accounting standard-setting in an emerging economy.
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Al-Khawaaldah, Bani Hasan Abdullah A. K. "Accounting disclosure, financial transparency, ownership structure and corporate governance : implications for internal and external WVB Jordanian credit risk assessments." Thesis, University of Plymouth, 2011. http://hdl.handle.net/10026.1/1097.
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Creditworthiness is a quality that is important to all stakeholders of an organisation, especially bondholders. It is posited that good corporate governance practices assist the confidence that stakeholders have in an organization’s ability to generate the strong cash flows that are needed to meet financial obligations, which in turn should enhance credit risk assessments. Much research has been conducted into rating assessments, but these have largely been directed at developed markets and they have not generally been focused on the impact of good corporate governance practices and procedures. The primary focus of this research is to address this issue through an investigation into the impact of key factors upon the credit risk assessments of listed companies on the Amman Stock Exchange (ASE) in Jordan, as assessed by World'vest Base Inc. (WVB) credit risk assessment scores for Jordanian companies between 2005 and 2007 inclusively. Drawing upon insights from agency (including management disciplining and wealth redistribution hypotheses), stewardship, stakeholder, signalling, legitimacy and the diffusion of innovation theories, this thesis investigates the determinants of WVB credit risk assessments of Jordanian firms under five headings: accounting and financial aspects, market and regulatory perspectives, influence of ownership structure, financial transparency/disclosure and corporate governance factors. To achieve this, an array of modelling techniques is used in order to provide a more comprehensive picture. They include bivariate analysis, one-way analysis of variance, ordinary least square regressions for numerical scores, binary logistic regressions, and ordinal logistic regression. The results demonstrate that accounting and financial factors have a significant impact on credit risk assessments but not capital intensity. Profitability is positively associated with credit risk assessments, while leverage and loss propensity have a negative association. With respect to market and regulatory factors, size and Tobin’s Q are positively associated with credit risk assessments. By contrast type of sector and audit are not related to credit risk assessments. Foreign ownership enhances ratings, whilst institutional ownership has a negative impact. Also, insider ownership and family ownership have some importance. It was surprising to find that whilst financial transparency and disclosure variables are significantly associated positively with credit risk assessments in some models, they were generally not significant across other models. Nevertheless, the study finds empirical evidence to support a degree of association between credit risk assessments and corporate governance factors. There is also a positive association between board size and credit risk assessments, but the most important aspect of corporate governance for Jordanian firms is board expertise. The originality of this thesis also embraces the inclusion not only of externally published WVB risk assessments in the Jordanian context, but also internal numerical ratings that were made available with kind permission from the WVB agency for the purposes of this research. The question is whether there are insights that can be gained from such internal ratings that have not hitherto been made available to other researchers. The answer is in the affirmative, for role duality on the board of directors is evidently more important to WVB’s own internal numerical rating assessments than is evidenced by the WVB externally published credit risk assessments. Specifically, the significance of corporate governance (role duality) is missed by multivariate models that are based solely on externally published data. Furthermore, financial transparency and disclosure variables reveal more (albeit moderate) support for the more refined internal scores of WVB than for the external assessment ratings. Finally, family ownership is also important to WVB’s internal scores. Thus, this research has enabled deeper insights to be gained into credit risk assessment determinants within the Jordanian context.
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Haddad, Ayman Elias. "The impact of voluntary disclosure level on the cost of equity capital in an emerging capital market : the case of the Amman stock exchange." Thesis, University of East Anglia, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.426924.
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Al-Khawaldeh, Khleef A., University of Western Sydney, College of Law and Business, and School of Management. "Total quality management and productivity in industrial corporations in Jordan." THESIS_CLAB_MAN_AlKhawaldeh_K.xml, 2001. http://handle.uws.edu.au:8081/1959.7/409.
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The purpose of this analytical study is to determine the degree of application of Total Quality Management (TQM) philosophy and practices in the industrial corporations in Jordan. Through detailed examination of primary and secondary empirical data from these corporations, the study examines the link between TQM and labour productivity. The population of the study consists of all Jordanian shareholding corporations listed under the industrial category in Amman Stock Exchange. In late 1998, this consisted of a total of 90 companies. Both quantitative and qualitative data were collected and analysed in investigating the relationship between TQM implementation and labour productivity. Detailed survey responses from 76 participating companies were classified into two groups: high-level TQM implementation and low-level TQM implementation. About 60% of these companies were classified as companies with high-level TQM. Descriptive analysis of the survey responses plus company report data found that mean labour productivity measurements for companies with high-level TQM were significantly higher than for those with low-level TQM over the years (1993-1998). Also mean growth rates of labour productivity measurements for companies with high-level TQM were higher than for those with low-level of TQM during this period. Regression analysis demonstrated a statistically significant positive relationship between TQM and labour productivity. This relationship showed a high positive slope in companies with ISO 9000 certification, and considerably lower (but still positive) slope in companies without ISO 9000 certification.Doctor of Philosophy (PhD)
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Al-Khawaldeh, Khleef A. "Total quality management and productivity in industrial corporations in Jordan." Thesis, View thesis View thesis, 2001. http://handle.uws.edu.au:8081/1959.7/409.
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The purpose of this analytical study is to determine the degree of application of Total Quality Management (TQM) philosophy and practices in the industrial corporations in Jordan. Through detailed examination of primary and secondary empirical data from these corporations, the study examines the link between TQM and labour productivity. The population of the study consists of all Jordanian shareholding corporations listed under the industrial category in Amman Stock Exchange. In late 1998, this consisted of a total of 90 companies. Both quantitative and qualitative data were collected and analysed in investigating the relationship between TQM implementation and labour productivity. Detailed survey responses from 76 participating companies were classified into two groups: high-level TQM implementation and low-level TQM implementation. About 60% of these companies were classified as companies with high-level TQM. Descriptive analysis of the survey responses plus company report data found that mean labour productivity measurements for companies with high-level TQM were significantly higher than for those with low-level TQM over the years (1993-1998). Also mean growth rates of labour productivity measurements for companies with high-level TQM were higher than for those with low-level of TQM during this period. Regression analysis demonstrated a statistically significant positive relationship between TQM and labour productivity. This relationship showed a high positive slope in companies with ISO 9000 certification, and considerably lower (but still positive) slope in companies without ISO 9000 certification. ACCESS RESTRICTED TO ABSTRACT ONLY.
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Al-Tal, Yousef A. "The role of the Amman Stock Exchange in Jordanian corporate governance." Thesis, 2014. http://handle.uws.edu.au:8081/1959.7/uws:29890.
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The reforms adopted by the Jordanian government between 1997 and 2003 to promote and globalise the securities market in Jordan have contributed directly in the significant improvements that the Amman Stock Exchange (ASE) witnessed in all market indicators in the last decade and accordingly in reinforcing the ASE role in boosting the Jordanian economy through mobilising funds for listed companies from the public. The Securities law 1997 no. (23) and the introduction of new technology for trading and dealing in securities (Remote Electronic Trading) are considered the cornerstone of these reforms. The Securities law 1997, which set the legal framework for the key elements of the securities market, separated the regulatory function from trading and technical side of the market by establishing three independent institutions: Jordan Securities Commission (JSC), ASE and Securities Depository Centre (SDC). In this new environment, the ASE witnessed a remarkable improvement in its performance. However, the sluggish performance of the ASE after the Global Financial Crisis in 2008 to date highlights the need to review all the securities regulators roles in the Jordanian Capital Market and corporate governance in particular the role of the ASE to reform the securities market to continue its important contribution in reinforcing the Jordanian economy.
The thesis discusses the role of the ASE in corporate governance in Jordan. While the ASE plays a pivotal role in the raising of much needed finance in the development of the Jordanian economy, its efficiency appears to have been hindered by its regulatory structure and institutional constraints. These include: first, the ASE institutional structure as a non-official public institution strengthens the government and JSC control over the ASE and weakens the administrative and financial autonomy of the ASE; secondly, the functional overlaps between the regulatory bodies entrusted with the oversight of the securities market with no clear demarcation and the lack of co-ordination between officials of the various regulatory bodies; thirdly, the dominance of families and government and some other obstacles such as the lack of appreciation of what corporate governance rules require, prevent listed companies from complying with corporate governance rules particularly those in the Code of Corporate Governance for Listed Shareholding Companies on the ASE 2008.
This thesis examines these structural and institutional deficiencies and the constraints they impose on the operation and efficiency of the Jordanian securities market and suggests ways of overcoming them by enhancing the five fundamental elements of market structure (technology, regulation, information, participants and instruments) so as to improve the market's efficiency and appeal to investors both within and outside the Middle Eastern region. This thesis argues that privatisation of the ASE leading to its listing as a public corporation is a potential solution for some of the problems relating to the ASE's institutional structure and its operation.
Books on the topic "Amman Stock Exchange"
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Hamza, K. E. Exchange rate and stock price behaviour in emerging stock markets: A case study of the Amman stock market. Cardiff: Cardiff Business School, Department of Financial and Banking Economics, 1994.
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Hamza, K. E. Exchange rate and stock price behaviour in emerging stockmarkets: A case study of the Amman stock market. Cardiff: Cardiff Business School Financial and Banking EconomicsResearch Group, 1994.
Find full textBook chapters on the topic "Amman Stock Exchange"
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Al-Shattarat, Husni K. "Effect of Operating Cash Flows on Company Financial Performance Before and During Corona Pandemic. “Evidence from Insurance Company Listed on the Amman Stock Exchange”." In Studies in Systems, Decision and Control, 793–801. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-10212-7_65.
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Hamza, Mohyedin, Tareq Almubaydeen, Riham Alkabbji, and Ali Hussien. "The Expected Impact of Applying IFRS17 on the Quality of Financial Reports for Insurance Companies Listed on the Amman Stock Exchange. (An Analytical Study)." In Explore Business, Technology Opportunities and Challenges After the Covid-19 Pandemic, 523–32. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-08954-1_46.
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Alrwashdeh, Abdelwhab, Riham Alkabbji, Ala’ Alrazim, and Farah Hamdan. "The Impact of the Change in the Elements of Cash Flows on the Capital Structure of Pharmaceutical Companies Listed on the Amman Stock Exchange in the Shade of the Covid-19 (Analytical Study)." In Studies in Systems, Decision and Control, 781–91. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-10212-7_64.
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Al-Habaybah, Mashhour A., and Subry Mushtaha. "Factors Influencing the Extent of Compliance with Mandatory Corporate Disclosure Requirements by Manufacturing Companies Listed at Amman Stock Exchange." In The Impact of the Global Financial Crisis on the Environment, Energy and Sustainable Development., 23–35. WASD, 2009. http://dx.doi.org/10.47556/b.outlook2009.7.3.
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Ajlouni, Moh’d M., and Sinan Tobaishat. "The Effect of Technical Efficiency in Insurance Companies on Stock Performance: Data Envelopment Analysis Evidence from Jordanian Companies Listed in Amman Stock Exchange During the Period (2000-2006)." In The Impact of the Global Financial Crisis on the Environment, Energy and Sustainable Development., 37–46. WASD, 2009. http://dx.doi.org/10.47556/b.outlook2009.7.4.
Full textConference papers on the topic "Amman Stock Exchange"
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Mazen, Bustanji. "Testing Semi-Strong-Form Efficiency in Amman Stock Exchange." In MultiScience - XXXIII. microCAD International Multidisciplinary Scientific Conference. University of Miskolc, 2019. http://dx.doi.org/10.26649/musci.2019.098.
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Yaseen, Saad Ghaleb, and Suleiman Zayed. "Exploring determinants in deploying mobile commerce technology: Amman stock exchange." In 2010 International Conference on Information Society (i-Society 2010). IEEE, 2010. http://dx.doi.org/10.1109/i-society16502.2010.6018787.
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Alshehadeh, Abdul Razzak. "The Relationship Between Liquidity Risk And Profitability In The Commercial Banks Listed In Amman Stock Exchange." In 2021 International Conference on Information Technology (ICIT). IEEE, 2021. http://dx.doi.org/10.1109/icit52682.2021.9491702.
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Al-Ramahi, Nedal, Amal Abuhussein, and Yousef Shahwan. "The Impact of Applying the XBRL on the Quality of Annual Reports of the Firms Listed in Amman Stock Exchange." In 2021 22nd International Arab Conference on Information Technology (ACIT). IEEE, 2021. http://dx.doi.org/10.1109/acit53391.2021.9677076.
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