Journal articles: 'Amman Stock Exchange'

1

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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9

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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10

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.

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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.2017.10006169.

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12

Rawashdeh, Mufeed, and Jay Squalli. "A sectoral efficiency analysis of the Amman Stock Exchange." Applied Financial Economics Letters 2, no. 6 (November 2006): 407–11. http://dx.doi.org/10.1080/17446540600706841.

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13

Al-Manaseer, Sufian Radwan. "Impact of Market Ratios on the Stock Prices: Evidence from Jordan." International Business Research 13, no. 4 (March 20, 2020): 92. http://dx.doi.org/10.5539/ibr.v13n4p92.

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This study aims to investigate the impact of market ratios on the stock prices of Jordanian industrial companies listed on the Amman Stock Exchange for the period 2009-2018. The sample comprises 45 chosen from 56 industrial companies. Fixed effect regression analysis applied by using an e-views program. The study found an impact of the combined market ratios on the stock prices of Jordanian industrial companies. Also, the study found no impact of the dividend payout, the dividend yield, and the price-earnings ratios on the stock prices, whereas the earnings per share ratio impact the stock prices of Jordanian industrial companies listed on the Amman Stock Exchange.

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14

Albadainah, Jomana Mostafa. "The Applicability of AIS Practices within Modern Business Environment – Case Study of Amman Stock Exchange." Modern Applied Science 13, no. 11 (October 19, 2019): 62. http://dx.doi.org/10.5539/mas.v13n11p62.

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Current study aimed at examining the applicability of Accounting Information Systems within modern business environment in Amman stock exchange between the variables of Software (Industrial application structure, Business application structure, Cloud computing structure) and Hardware (Stand-alone structure design, Multi-user structure design, Network structure design, Cloud computing structure design). In order to be able to highlight extent of applicability researcher has chosen quantitative approach through applying the study tool (questionnaire) on accounting managers within (102) companies in Amman Stock Exchange. After application process total of (65) accounting managers responded to questionnaire with a response rate of 63.72% which was statistically acceptable. Results of study indicated a high level of applicability of AIS within Amman Stock Exchange companies attributed to high awareness of accounting managers regarding AIS. In addition to that, it appeared through the analysis that the applicability degree is more influenced by software equipment more than the hardware which explains that high awareness of individuals.  In light of such results; study recommends companies in Amman stock exchange should continue embracing AISs in their business practices to increase their speed of processing tasks, use data entered into the system to compile reports, and make correction easily where necessary.

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Al-Shboul, Mohammad, and Sajid Anwar. "Fractional integration in daily stock market indices at Jordan's Amman stock exchange." North American Journal of Economics and Finance 37 (July 2016): 16–37. http://dx.doi.org/10.1016/j.najef.2016.03.005.

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16

Alkhazaleh, Mansour M. H., Hussein Ali Al-Zeaud, Dheif Allah K. H. Eleimat, and Hamed Ahmad Almahadin. "INTERACTIONS BETWEEN GOLD AND STOCK MARKET RETURNS: EVIDENCE FROM AMMAN STOCK EXCHANGE." Journal of Southwest Jiaotong University 57, no. 6 (December 30, 2022): 33–44. http://dx.doi.org/10.35741/issn.0258-2724.57.6.4.

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The interaction among financial and precious metals in various markets is a furthermost interesting matter for investors. The fluctuation in prices in one market may influence the price index of the other market. Gold prices have widespread economic effects on different financial activities. These effects are directly specious in all financial decisions adopted by investors. This study aims to check whether bank stock return (SRB) and insurance stock return (SRI) have significant effects on the gold price (GOP). We employ the Autoregressive Distributed Lag co-integration to test the long–run association between the SRB, SRI, and GOP. The study reveals that the SRB and SRI have no long-run effect on the gold price. Only one unidirectional causal relationship exists between stock returns in the bank sector and gold prices; results designate that a one percent increase in stock returns in banks would lead to a decrease of 984% in the gold price.

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Alrafaya, Ahmad Abdalla. "Effect of Liberalization of Amman Stock Market on the Prices Fluctuation for the Period (1994-2015)." Asian Journal of Finance & Accounting 10, no. 1 (May 24, 2018): 274. http://dx.doi.org/10.5296/ajfa.v10i1.12252.

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This study aimed to identify the relationship between the information and fluctuations in stocks return following the liberalization process of financial market, and illustrate the effect of liberalization of Amman Stock Exchange on price fluctuations, and the trend of this influence. To achieve this goal the researcher depended on the data of the daily stocks returns for Amman stock market for the period (1994-2015).The study was based on the analytical descriptive method. The period from which the financial data were taken was divided into two periods: first, the pre-liberalization of the financial market (1994-2000), and the second period, the post-liberalization which extended from 2001 to 2015, the appropriate statistical analysis was conducted through (e-views) program, and using the (GARCH) model.The results showed that there is an effect of the stock market liberalization on the fluctuations pattern in the Jordanian Stock Exchange, the speed and accuracy of information flow to the market has increased after stock market liberalization, it also appeared that there are some events and factors such as wars and catastrophes which lead to strong and illogical fluctuations in the stock market, and that the variation in price changes before the liberalization period was integrated variation which indicates that news have perpetual influences on price changes.

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Kharabsheh, Buthiena, Omar K. Gharaibeh, and Aseel Mahafza. "Is there an impact of COVID-19 on the returns of the Amman Stock Exchange?" Investment Management and Financial Innovations 19, no. 2 (April 12, 2022): 24–36. http://dx.doi.org/10.21511/imfi.19(2).2022.03.

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This study examines the effect of the COVID-19 pandemic on the performance of the main indices and corporate returns in Jordan. The study employs two samples and two levels of analysis. The first one considers the effect of daily cumulative confirmed cases of COVID-19 on the daily return of the main index and sub-indices of the Amman Stock Exchange (ASE). The time-series analysis shows that there is a strong negative impact of the daily cumulative confirmed cases of COVID-19 on the daily return of the Amman Stock Exchange index. The results also indicate that the financial sector is the most affected during the epidemic, followed by the service and industry sectors. The insurance sector is positively affected, but not statistically significant.The second level of analysis aims to test how different corporate financial characteristics might affect corporate immunity during the pandemic period. The sample includes all non-financial firms listed on ASE, with a total of 75 firms. Based on quarterly data, the findings show a statistically significant negative effect of the COVID-19 pandemic on non-financial corporate stock returns. Further, the evidence shows that larger firms with higher levels of cash holding have better immunity and thus experience higher returns during the pandemic period.

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Mohammad Salameh, Hussein. "An evaluation of the financial soundness of insurance firms in the Amman Stock Exchange." Insurance Markets and Companies 13, no. 1 (April 5, 2022): 11–20. http://dx.doi.org/10.21511/ins.13(1).2022.02.

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Financial soundness of insurance firms within a country tends to heavily affect its financial environment. This study will further assess the relationship between both factors with the support of a special model to test the financial soundness of insurance companies. The model could be utilized as an indicator of the stabilization of a country’s financial environment; this is done by testing the insurance companies’ falls. The methodology used was discriminant regression on the Amman Stock Exchange (ASE) to test 12 indicators that were derived from six CARMEL model parameters. The six tested parameters were: capital adequacy, asset quality, reinsurance and actuarial issues, management efficiency, earnings and profitability, and liquidity. The results have shown that 10 out of 12 indicators are significant factors. Additionally, the study proved that the CARMEL model is an applicable model to test the financial soundness of ASE insurance companies, the possibility of detecting a deviation between the actual and expected performance was barely minimum. The effect of deviation was present in eight firms out of 19, three of which were affected by the type II error (riskier deviation). The study concluded that the CARMEL model is a significant model, and the insurance firms that follow the Jordan Insurance Federation (JIF) requirements are financially sound.

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Al-Fasfus, Fuad Suleiman, Abdulwahhab Mahmoud Al-Rawashdeh, Ziyad Abdulhaleem Al-Theebeh, and Hasan Abdulnasser Mohamad Al-Enabi. "The Impact of Accounting Conservatism on Financial Performance in Services Companies Listed on Amman Stock Exchange." Academic Journal of Interdisciplinary Studies 11, no. 4 (July 5, 2022): 285. http://dx.doi.org/10.36941/ajis-2022-0116.

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This study aimed to identifying the impact of accounting conservatism on financial performance in services companies listed on Amman Stock Exchange, where the accounting conservatism was measured through the model of (Gvoly & Hyans, 2000), an approach that based on accruals, while the financial performance was measured through the return on equity (ROE), and earnings per share (EPS). And in order to achieve the objectives of the study, the descriptive and analytical approach was adopted, where the study was conducted on a sample of (23) service companies listed on Amman Stock Exchange during the period from 2015 to 2019. Also, in respect of analyzing the study data and test its hypotheses, the statistical analysis program (SPSS) was utilized, and simple regression equation was relied on in testing the hypotheses. Whereas, the major findings of the study are as follows: There is no statistically significant impact of the accounting conservatism on the financial performance with its indicators (rate of return on equity, and profit per share) in the services companies listed on Amman Stock Exchange. Meanwhile, the study recommended the necessity of urging the researched and listed services companies’ management on Amman Stock Exchange (especially those characterized by low accounting conservatism) to apply the principles and standards of accounting conservatism, due to the importance of these procedures on the quality of the financial reports and consequently the profits therein. Received: 23 March 2022 / Accepted: 30 June 2022 / Published: 5 July 2022

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Fendi, Usama, Bassam Mohammad Maali, and Muhannad Ahmad Atmeh. "Rational speculative bubbles in the stock market: the case of Amman Stock Exchange." Afro-Asian J. of Finance and Accounting 1, no. 1 (2021): 1. http://dx.doi.org/10.1504/aajfa.2021.10035096.

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Kharabsheh, Buthiena, Mahera Hani Megdadi, and Waheeb Abu-ulbeh. "The Relationship between Stock Returns and Trading Hours: Evidence from Amman Stock Exchange." International Journal of Engineering & Technology 7, no. 3.21 (August 8, 2018): 89. http://dx.doi.org/10.14419/ijet.v7i3.21.17101.

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This study investigates the relationship between stock returns and trading hours for 22 shares listed on Amman Stock Exchange (ASE). We analyze the hourly trading data for the period Dec.2005 to Dec.2006. The two trading hours in ASE were split into four periods; first half of the first hour (10:00-10:30), second half of the first hour (10:30-11:00), first half of the second hour (11:00-11:30), and second half of the second hour (11:30-12:00). Using the Generalized Autoregressive Conditional Heteroscedasticity (GARCH) model, our results reveal that the hourly trading time significantly affects stock returns.

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Fendi, Usama Adnan, Bassam Mohammad Maali, and Muhannad Ahamd Atmeh. "Rational speculative bubbles in the stock market - the case of Amman Stock Exchange." Afro-Asian J. of Finance and Accounting 13, no. 1 (2023): 68. http://dx.doi.org/10.1504/aajfa.2023.128616.

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Alrefai, Ahmed Hussein. "IS AMMAN STOCK EXCHANGE AN INDICATOR OF JORDAN’S ECONOMIC PERFORMANCE?" International Journal of Economics and Financial Issues 10, no. 1 (January 1, 2020): 127–31. http://dx.doi.org/10.32479/ijefi.9103.

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Almasri, Suleiman, Buthiena Kharabsheh, and Mohammad Al Gharaibeh. "Herding behaviours and trading volume: evidence from Amman Stock Exchange." Afro-Asian J. of Finance and Accounting 12, no. 3 (2022): 345. http://dx.doi.org/10.1504/aajfa.2022.10049029.

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Kharabsheh, Buthiena, Mohammad Al Gharaibeh, and Suleiman Almasri. "Herding behaviours and trading volume: evidence from Amman Stock Exchange." Afro-Asian J. of Finance and Accounting 12, no. 3 (2022): 345. http://dx.doi.org/10.1504/aajfa.2022.124253.

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Matar, Ali. "Does Portfolio’s Beta in Financial Market Affected by Diversification? Evidence from Amman Stock Exchange." International Journal of Business and Management 11, no. 11 (October 26, 2016): 101. http://dx.doi.org/10.5539/ijbm.v11n11p101.

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This study’s goal is to examine the effect of diversification on the portfolio’s beta for stocks of companies listed on the Amman Stock exchange (ASE) return over the 2005-2014 period. Moreover, it will show if the investors can reduce beta in their portfolios by diversification. Monthly data, Capital Assets Pricing Model (CAPM) and portfolio selection model were applied to measure the risk and required rate of return and compare it with the realized rate of return. The results suggest evidence that diversification can only affect unsystematic risk leaving systematic risk unaffected. The regression analysis indicates the existence of a significant relationship between the individual stock β and the portfolio β. The results didn’t approve any relationship between the portfolio size and portfolio β, and the portfolio β is affected only by the individual stock β value.

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Bustanji, Mazen. "Testing Strong Form Market Efficiency of Jordanian Capital Market: Performance Appraisal of Mutual Funds a comparable study case with Saudi Arabia." Theory, Methodology, Practice 16, no. 2 (2020): 3–15. http://dx.doi.org/10.18096/tmp.2020.02.01.

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This paper analyses the strong-form efficiency of the capital market in Jordan by evaluating the performance of mutual funds over the period from 2011 to 2016, and compare it with the situation in Saudi Arabia using the Jensen modelling techniques. These tests were applied on monthly data. Results from the study show that there is no evidence of the strong-form of efficiency in either the Amman Stock Exchange or in the Saudi Arabia capital market. Therefore, investors in the Amman Stock Exchange and Saudi Arabia capital market cannot predict stocks prices or returns in the short term; with regard to firms, it suggests that the securities of firms cannot outperform the market and present market price is to a certain extent a true reflection of the present situation of their securities, in addition there is lack number availability of the mutual funds in Jordan.

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Syaeid, Thaker A. "The Effect of the Reliability of Accounting Information Systems on Electronic Disclosures on the Stock Prices: Applied Study on Industrial Companies Listed on Amman Stock Exchange." International Journal of Economics and Finance 11, no. 8 (June 25, 2019): 14. http://dx.doi.org/10.5539/ijef.v11n8p14.

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The study aims at identifying the impact of the reliability of the accounting information systems (security, confidentiality, privacy, the integrity of processes and readiness) on the stock prices of Jordanian industrial companies in Amman Stock Exchange and determining the effect of electronic disclosures (the appropriate timing, predictability and ability to reorganizing) in improving that impact; depending on the descriptive analytical approach, the questionnaire was designed and distributed to the sample of the study composed of directors of financial departments and divisions related to financial issues, monitoring and internal audit and information technology at industrial companies listed on Amman Stock Exchange, with the average of two questionnaires in each company. The number of questionnaires retrieved and statistically analyzed (118), (90.8%) of distributed questionnaires. The results of the multiple regression analysis showed a statistically significant effect on the reliability of accounting information systems in their dimensions (security, confidentiality, privacy, integrity of processes, and readiness) on the stock prices of Jordanian industrial companies in Amman Stock Exchange, where the moral effect appeared in all dimensions, except (security, integrity of processes). The results of the regression analysis showed that electronic disclosures were represented by (the appropriate timing, predictability and ability to reorganizing) which lead to improve the effect of accounting information systems on the stock prices of Jordanian industrial companies in Amman Stock Exchange. The study recommended to increase the level of interest in the reliability of accounting information systems, and to increase the level of its application and activation in the Jordanian industrial companies, because of its role in improving the performance of the company, and maximize their market value through its accounting information to shareholders of accurate, convenience, timely, reliable, consequently ensuring their survival and continuity, and to increase the awareness of the management of Jordanian industrial companies and financial statements preparers about the importance of electronic disclosure and the benefits it achieves in addition to the resulting risks, and adopt effective procedures to verify the security and reliability of accounting information that electronically disclosed and to transmit the information securely by users.

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Kerroucha, Fatima Zohra, Rechache Abbassia, and Dich Fatima Zohra. "The Effects of Coronavirus on The Profitability of the Banks Operating in Jordan: An Empirical study." Technium Social Sciences Journal 33 (July 9, 2022): 293–308. http://dx.doi.org/10.47577/tssj.v33i1.6788.

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This paper investigates the impact of the COVID-19 pandemic on the profitability of the banking sector in Jordan, given the paucity of empirical research on the impact of the COVID 19 pandemic on profitability bank in the context of developing countries. To achieve the search objective, the study selects all Jordanian banks listed in Amman stock exchange during period from 2018 until the year of emergence of corona pandemic 2020 to cover the requirements of statistical and financial analysis. The results study show that the financial indicators extracted from the financial reports of Jordanian banks from 2018-2020 had a decline in value during the year 2020 which corresponds to the emergence of coronavirus pandemic which means that the first hypothesis is valid. Our analysis shows that net profit ant total revenue and provision for credit and return on equity affect significantly the profitability banks. The value of profitability banks at the Amman stock exchange amounts to 68.5 %, while the remaining of 31.5 % refers to other variables that were not included in the construction of the study model. Keyword: Profitability, Jordanian banks, coronavirus pandemic, financial reports, Amman stock exchange

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Enaizeh, Noor Ahmad, and Qais A. Al Kilani. "DAY OF THE WEEK EFFECT ON STOCKS’ RETURNS: EVIDENCE FROM AMMAN STOCK EXCHANGE (JORDAN)." Journal of Southwest Jiaotong University 57, no. 3 (June 30, 2022): 264–76. http://dx.doi.org/10.35741/issn.0258-2724.57.3.21.

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This study aims to identify and explain the effect of the day of the week on the return of stocks listed on the Amman Stock Exchange (ASE), where some days of the week have higher/lower returns than others. It also aims to find if the market follows a significant pattern and determine whether the day of the week anomaly exists over the study time. Using the Free Float Index ASE100 through all days of the week from 2011 to 2019, the study adopted a descriptive-analytical approach; also, data analysis includes an Ordinary Least Square statistical approach. Results indicated that the study's data is normally distributed using the Kolmogorov-Smirnov test; moreover, it was observed that there was a difference in stocks' returns based on the difference in weekdays. In addition, there is the day of the week effect on the return of stocks listed on ASE, where Thursday was the highest return, which was due to the instructions of criteria for the solvency of brokerage companies operating on the stock exchange that states all brokers shall collect the balances of accounts receivables resulting from buying securities on credit within one week. As a result, Wednesday ranks second to Thursday in returns. Additionally, the results concluded that there is no effect of two days in a week on returns of stocks listed on ASE represented by Sunday and Monday, where Tuesday mediate the working days in the week. The study recommends investigating other anomalies that might affect ASE, using the same index and other indexes that, perhaps, unexpected outcomes will be presented, especially since ASE is an emerging market.

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Al-Daoud, Khaleel Ibrahim, Siti Zabedah Saidin, and Shamharir Abidin. "Board meeting and firm performance: Evidence from the Amman stock exchange." Corporate Board role duties and composition 12, no. 2 (2016): 6–11. http://dx.doi.org/10.22495/cbv12i2art1.

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This study examines the impact of board meeting frequency on the firm performance of the firms listed on the Amman Stock Exchange from industry and service sectors for the 2009-2013 period. The study controls for endogeneity and simultaneously problems using the dynamic panel technique of Generalized Method of Moments (GMM). The findings of the study suggest that a positive association between the frequency of corporate board meetings and firm performance. This suggests that through meetings, board members determine operational issues through discussing and engaging with each other frequency meetings enhancing the decision making process, and consequently the performance of the firms. The findings also show that lagged dependent variable in the estimation model is important in explaining the relationship, which further indicates the appropriateness of the estimation models in our study. This study provides insightful evidence to policy makers on the effectiveness of the of the 2009 Code of Corporate Governance

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Moh'd Mahmoud Ajlouni, Waleed Hmedat, and Wafaa Mehyaoui. "The Impact of Global Financial Crisis 2008 on Amman Stock Exchange." Journal of Distribution Science 10, no. 7 (July 2012): 13–22. http://dx.doi.org/10.15722/jds.10.7.201207.13.

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Khasawneh, Ohoud Abdel Hafiez. "Noise trading in small markets: Evidence from Amman Stock Exchange (ASE)." Research in International Business and Finance 42 (December 2017): 422–28. http://dx.doi.org/10.1016/j.ribaf.2017.07.019.

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Alkhazaleh, M. M. H., and Hussein Al-Zeaud. "Forecasting Insurance Sector Volatility In Amman Stock Exchange Using ARIMA Model." المجلة العربیة للإدارة 35, no. 1 (June 30, 2015): 467–81. http://dx.doi.org/10.21608/aja.2015.18039.

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Obeidat, Mohammed, and Mohammed Al‐Momani. "Are Investors in Amman Stock Exchange Able to Detect Earnings’ Manipulation?" Journal of Economic and Administrative Sciences 24, no. 2 (December 2008): 1–19. http://dx.doi.org/10.1108/10264116200800005.

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AL-Ardah, Mohammed, and Saleh K. Al-Okdeh. "The effect of liquidity risk on the performance of banks: Evidence from Jordan." Accounting 8, no. 2 (2022): 217–26. http://dx.doi.org/10.5267/j.ac.2021.6.017.

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This study aimed to determine the impact of liquidity risk on financial performance of Jordanian banks, where liquidity risk was measured by (Liquidity ratio, net working capital, cash and investment ratio to total deposits), and financial performance was also measured through the index (return on assets) and the modifying variable (bank size) measured through the natural logarithm of total assets was also added. To achieve the objectives of the study, the analytical quantitative approach was adopted. The study community consisted of all 13 commercial banks listed on the Amman Stock Exchange. All banks in the study community were selected as a study sample using the comprehensive survey method, and the statistical analysis program (SPSS) was used to test the study hypotheses. Based on the results of the statistical analysis, it was found that there was an impact of liquidity risk on financial performance measured by return on assets in Jordanian commercial banks listed on Amman Stock Exchange, and there was an impact for each of (current liquidity ratio, net working capital, cash and investment ratio to total deposits) on financial performance measured by return on assets in Jordanian commercial banks listed on Amman Stock Exchange. It was also found that the size of the bank contributes to modifying the effect of liquidity risk on financial performance measured by return on assets in Jordanian commercial banks listed on Amman Stock Exchange. The study concluded a set of recommendations, the most important of which are: commercial bank administrations should increase interest in exploiting their liquidity within acceptable risk limits to reach optimal ratios for financial performance by balancing the returns to be achieved with the potential risks of such expenses in a way that ensures the positive impact of liquidity risk on the financial performance of those banks.

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Almanaseer, Sufian Radwan. "Dividend Policy and Share Price Volatility: Evidence from Jordan." Accounting and Finance Research 8, no. 2 (March 18, 2019): 75. http://dx.doi.org/10.5430/afr.v8n2p75.

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The aim of this study was to study the relationship between dividend policy and share price volatility in insurance companies listed in the Amman Stock Exchange. A sample of 20 companies from 23 insurance companies listed in the Amman Stock Exchange was selected. The current study used two main measurements of dividend policy, dividend yield, and payout ratio, by applying multiple linear regressions for the period 2008 to 2017. The main regression model was modified by adding control variables including firm size, earnings volatility, financial leverage and growth in assets. The study finds a significant negative relationship between share price volatility and dividend yield and payout ratio. But the most impact variable on share price volatility was dividend yield.

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Almanaseer, Sufian Radwan. "Determinants of Capital Structure: Evidence from Jordan." Accounting and Finance Research 8, no. 4 (November 6, 2019): 186. http://dx.doi.org/10.5430/afr.v8n4p186.

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This study aimed to explore the determinants of the capital structure of the banks listed in the Amman Stock Exchange. A sample of 13 Jordanian commercial banks of 16 banks listed on the Amman Stock Exchange selected for the period 2008-2017. The current study applied a fixed-effects regression model by using e-views to analyze the relationship between financial leverage and firm characteristics such as Risk, Size, profitability, Growth, liquidity, Tax, Age, tangibility, and macroeconomic variables such as Gross Domestic Product, Inflation. The study finds a significant positive relationship between financial leverage, age, growth, risk, size, and tax. Also, the study finds a significant negative relationship between financial leverage with GDP, inflation, liquidity, profitability, and tangibility.

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Altawalbeh, Mohammad Abdullah Fayad. "The Impact of Fair Value Accounting on Information Asymmetry: Evidence from Jordanian Banking Sector." International Business Research 13, no. 9 (August 20, 2020): 55. http://dx.doi.org/10.5539/ibr.v13n9p55.

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This study aims at examining the impact of Fair value accounting measured by other comprehensive income on information asymmetry measured by the bid-ask spread in the Jordanian banking sector between 2010 and 2017. The study sample consisted of the thirteen commercial banks listed in Amman Stock Exchange, and panel data analyses were employed to test the study hypothesis, data for the study was gathered through the annual financial reports disclosed on Amman Stock Exchange. The findings revealed that fair value has a negative and significant impact on information asymmetry in the Jordanian commercial banks, indicating that fair value accounting supplies stakeholders with accurate and appropriate data and reflects the informational value of fair value numbers to investors.

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Shahwan, Yousef, Abdullah Sa’adeh, Mohyedin Hamza, Nidal Al-Ramahi, and Issa Ahmad Swiety. "Do the reserves help the financial and non-financial performance of firms during the COVID-19 pandemic?" Corporate Governance and Organizational Behavior Review 6, no. 2, special issue (2022): 217–22. http://dx.doi.org/10.22495/cgobrv6i2sip5.

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The COVID-19 pandemic is one of the biggest challenges facing global economies in the twenty-first century. Although a few sectors have benefited from it, the majority of companies in all sectors have been affected. This research came to test the moderating effect of the reserves of the firms on the relationship between the COVID-19 pandemic and the performance of firms (financial and non-financial performance). The study adopted a questionnaire survey to collect the data. The questionnaires were sent online to the top management of the firms listed on the Amman Stock Exchange (ASE). The results showed that the pandemic of COVID-19 damages the financial and non-financial performance of the firms in all sectors listed on the Amman Stock Exchange in Jordan. But the reserves of the firms have a positive effect on reducing the negative effect of the COVID-19 pandemic on the firms’ performance (financial and non-financial). Thus, this research recommends that the government must involve the firms listed on the Amman Stock Exchange in its palliatives programmes or stimulus packages to maintain the companies in the private sector in operation after the pandemic. In addition, the firms must take their reserves seriously and increase them.

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Hamouri, Basem, Mahmoud Al-Rdaydeh, and Anas Ghazalat. "Effect of financial leverage on firm growth: empirical evidence from listed firms in Amman stock exchange." Investment Management and Financial Innovations 15, no. 2 (May 22, 2018): 154–64. http://dx.doi.org/10.21511/imfi.15(2).2018.14.

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Past studies have mostly investigated the significance of financial attributes in trade affairs of developed countries, while dismissing such importance among developing nations. As such, this study looked into the influence of financial leverage upon the growth of Jordanian firms. For that purpose, a sample of 91 firms from Jordan had been analyzed via panel data regression method for the period between 2006 and 2015. As a result, the findings portrayed the irrelevance between financial leverage and growth of assets, but a significantly positive correlation with the growth of sales and employment. On top of that, this study revealed that growth of sales and employment had been significantly and positively correlated with firm size. In short, this study dismissed the speculation the constraint Jordanian firms were in, but on the contrary, displayed the ability to gain external financing to ascertain successful progress.

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AL-Najjar, Dana Mohammad. "Modelling and Estimation of Volatility Using ARCH/GARCH Models in Jordan’s Stock Market." Asian Journal of Finance & Accounting 8, no. 1 (May 6, 2016): 152. http://dx.doi.org/10.5296/ajfa.v8i1.9129.

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Financials have been concerned constantly with factors that have impact on both taking and assessing various financial decisions in firms. Hence modelling volatility in financial markets is one of the factors that have direct role and effect on pricing, risk and portfolio management. Therefore, this study aims to examine the volatility characteristics on Jordan’s capital market that include; clustering volatility, leptokurtosis, and leverage effect. This objective can be accomplished by selecting symmetric and asymmetric models from GARCH family models. This study applies; ARCH, GARCH, and EGARCH to investigate the behavior of stock return volatility for Amman Stock Exchange (ASE) covering the period from Jan. 1 2005 through Dec.31 2014. The main findings suggest that the symmetric ARCH /GARCH models can capture characteristics of ASE, and provide more evidence for both volatility clustering and leptokurtic, whereas EGARCH output reveals no support for the existence of leverage effect in the stock returns at Amman Stock Exchange.

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Alduneibat, Khalid Ali Ahmad, Mohammad Abdallah fayad Altawalbeh, and Firas Na'el Rawhi Hashem. "The Impact of Tax Planning in Industrial Public Joint Stock Companies upon the Performance of the Industrial Companies Listed in the Amman Stock Exchange Market." Accounting and Finance Research 6, no. 2 (February 28, 2017): 12. http://dx.doi.org/10.5430/afr.v6n2p12.

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The purpose of this current study is seeking to shed a light on the issue of tax planning which is considered to be one of the most significant topic that are related to the matters of tax. It has become something significant to investigate and identify the impact of tax planning in industrial public joint stock companies upon the performance of the Industrial companies listed in the Amman stock exchange market. The method of this study adopted the analytical descriptive approach the population of the current study includes financial managers who were working in Jordanian industrial public joint stock companies. The total number of those companies is 66 companies in Jordan. The result of the study there is an impact for conducting tax planning in industrial public joint stock companies upon the performance of the Industrial companies listed in the Amman stock exchange market the recommendation of the study has proposed the following the researcher recommended exerting much efforts to raise awareness of companies’ managers and employees about the legal consequences of tax evasion.

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AbdeLatif Awwad, Bahaa Sobhi, and Ammar Zakaria Abdallh Salem. "The Role of Financial Analysis in Assessing the Prices of Shares of Jordanian Industrial Joint Stock Companies Listed on the Amman Stock Exchange." International Journal of Economics and Finance 11, no. 6 (May 20, 2019): 120. http://dx.doi.org/10.5539/ijef.v11n6p120.

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This study aimed to highlight the role of financial ratios in evaluating the prices of shares of Jordanian industrial joint stock companies listed on the Amman Stock Exchange; it also aimed to show which of these ratios has a more influential impact on these prices. The researcher conducted a test study survey to analyze the published data of (73) Jordanian industrial joint stock companies. The study sample (n= 18) formed about (25%) of the total population of the companies listed on the Amman Stock Exchange during the period 2010-2017. The researcher used the multiple regression method to identify the correlations between the financial ratios and the market share prices of the Jordanian industrial joint-stock companies. The results of the study showed a statistically significant effect for the Ratio of Circulation (CR), the Quick Ratio (QR), the Profit Per Share (EPS), the Return on Equity (ROE), the Debt Ratio (DR), the Total Assets Turnover (TAT), the Price- to- Earnings Ratio (PER), and the Price- to- Book Value Ratio (PBVR) on the market share price of the Jordanian industrial joint stock companies. However, the study showed no statistically significant effect of the Degree of Financial Leverage (DOL) and the rate of Working Capital Turnover (WCT) on the prices of these companies. In light of the study findings, the researcher recommended that all investors in the Amman Stock Exchange must have the know-how of the financial analysis, and to benefit from the expertise and knowledge of specialists in the financial analysis in order to rationalize their investment decisions and eventually take the best, decisive investment decisions. Companies should also consider the importance of financial leverage ratios and working capital turnover that may be reflected on the value/prices of their shares.

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Masoud, Najeb M. H. "The Impact of Adopting Electronic Trading System on Performance of the Amman Stock Exchange." Australian Journal of Business and Management Research 03, no. 03 (March 7, 2013): 29–36. http://dx.doi.org/10.52283/nswrca.ajbmr.20130303a04.

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This study aims to highlight the impact of adopting electronic trading System on performance of the Amman Stock Exchange (ASE) represented in the (value traded) and (market capitalisation) where, for the implementation of that, secondary data were collected from (taken from the monthly statistical bulletins of the Stock Exchange) related to the study variables, where an analysis of the difference between the middle two samples: the first study variables before the introduction of the system, and the other after you have inserted, to find out whether there is a significant difference between the size of the stock exchange in trading before and after the introduction of the electronic trading system, and whether there is a significant difference between the value between the market value of securities listed on the stock exchange before and after the introduction of the system. The results of the study show that the use of the electronic trading system as an alternative to the manual trading system has contributed to raise the volume of trading and the market value of the ASE. We believes that the result of the increase in the degree of transparency and security for traders and investors in the stock market, and give great flexibility and different information to brokers facilitated an analysis of the situation of companies traded faster, which achieved more justice, speed and ease of execution of orders, on the other hand, the system has led to facilitate control over the trading operations and the dissemination of information in real time for both local or foreign investors which contributes to increase the depth and liquidity of the market.

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Aziz, Faraidun Fatah. "Firm Value, Size, Liquidity and the Adoption of Common Accounting Standards: Evidence from Firms Listed on the Amman Stock Exchange." Journal of University of Raparin 9, no. 3 (June 29, 2022): 382–95. http://dx.doi.org/10.26750/vol(9).no(3).paper16.

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Adopting common accounting standards presents both benefits and challenges to firms and the resultant effects of such adoption vary between firms and countries. The value of firms revolves considerably around the adoption of common accounting standards, firm and country specific factors. Consequently, this study examines the firm size, liquidity and the adoption of common accounting standards on the value of capital and debt market firms listed on the Amman Stock Exchange. A Fixed Effect Model was estimated using data collected from 5 capital market firms and 4 debt market firms listed on the Amman Stock Exchange in Jordan. The data was from the period 2009 to 20018 and was analysed using the aid of Eviews 10. The findings revealed that there is a positive relationship between firm size, liquidity and performance, and stock prices. The disclosure of financial information and an improvement in earnings per share were noted to be causing a decline in stock prices of capital and debt markets in Jordan. Practically, the study implies that sound liquidity, asset and performance management strategies are vital for improving the value of capital and debt market firms listed on any stock exchange. The study also reiterates that improvements in firm value are vital for improving social and economic aspects in any economic context.

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Al-Najjar, D., H. Al-Najjar, and N. Al-Rousan. "Long-Term General Index Prediction Based on Feature Selection and Search Methods: Amman Stock Exchange Market." Economy of Region 18, no. 4 (2022): 1301–16. http://dx.doi.org/10.17059/ekon.reg.2022-4-24.

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Stock markets are an essential backbone for the economy worldwide; their indices provide all interested parties with indicators regarding the performance of firms listed in the financial market due to tracking the daily transactions. This study aims to investigate factors that affect the stock exchange directly so that it simplifies building a prediction model for the exchange index in Jordan’s financial market. The study hypothesis assumes that some sub-sectors are most influential in creating the stock market prediction model. Therefore, this study applies four feature selection methods on 23 sub-sectors and Amman Stock Exchange Index (ASEI100) for the period 2008–2018. The top 10 attributes from each selection method are combined, and the frequency table is used to find the highly trusted attributes. Moreover, linear regression with ordinary least square regression is used to test the validity of the top factors that frequently occurred in the four methods and their effect on ASEI. The results found that there are six main sub-sectors directly affecting the general index in Jordan: Health Care Services, Mining and Extraction Industries, Textiles, Leather and Clothing, Real Estate, Financial Services and Transportation. These sectors can be utilised to predict the movements of the Amman Stock Exchange Index in Jordan. Also, the linear regression model output showed a statistically significant relationship between the six sub-sectors (independent variables) and ASEI (dependent variable). Investors can use this paper’s findings to signal the most important sectors in Jordan. Thus, it helps in taking investment decisions.

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Alqisie, Ahmad, and Talal Alqurran. "Validity of Capital Assets Pricing Model (CAPM) (Empirical Evidences from Amman Stock Exchange)." Journal of Management Research 8, no. 1 (February 28, 2021): 207. http://dx.doi.org/10.5296/jmr.v8i1.8494.

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The purpose of this study is to test the validity of CAPM in Amman Stock Exchange (ASE) during the period (2010 – 2014), which was divided into three sub periods. We used monthly returns of 60 stocks of Jordanian companies listed in ASE. Black, Jensen and Scholes (1972) and Fama and MacBeth (1973) methods were used to test the CAPM in different study sub-periods. The analysis results showed that higher risk (beta) is not associated with higher levels of return, which violated the CAPM assumption. Results of the study leads to contradict the theory’s assumption that beta coefficient is a good toll to predict the relationship between risk and return; hence the beta coefficient of some portfolios in the three sub periods was not significant. In addition, the results of testing SML violated the CAPM assumption in the three sub periods that, the slope should be equal to the average risk premium. Finally, tests of nonlinearity of the relationship between return and betas validated the CAPM hypothesis, that the expected return-beta relationship is linear. Depending on the above results, we couldn’t find conclusive evidence in support of CAPM in ASE.

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Alawneh, Ateyah. "Dividends, Net Income After Taxes and Earnings Per Share and Their Impact on the Market Capitalization of Listed Companies Amman Stock Exchange During the Period 1978-2016." International Journal of Economics and Finance 10, no. 10 (September 25, 2018): 69. http://dx.doi.org/10.5539/ijef.v10n10p69.

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The study aims to measure the impact of dividends, net income after taxes and earring per share on the market capitalization of companies listed in Amman Stock Exchange during the period 1978-2016. The study using E-views program to analyze the data, as the analysis showed that there is statistically significant positive relationship between the dividends and the market capitalization. As well as, a positive relationship between the net income after taxes and the market capitalization of listed companies in Amman Stock Exchange. The study found that there is no statistically significant between earnings per share and market capitalization, and this means that investors are interested in dividends and net income after taxes in the demand on shares, but they do not care about earnings per share when they demand shares.

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Journal articles on the topic 'Amman Stock Exchange'

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