أثر المخاطر المالية وفاعلية المجودات على ثبات الارباح في الشركات الصناعية الاردنية The Impact of Financial Risks and Assets Efficiency on Profits Persistence at Jordanian Industrial Companies

الحمد, أوس (2018) أثر المخاطر المالية وفاعلية المجودات على ثبات الارباح في الشركات الصناعية الاردنية The Impact of Financial Risks and Assets Efficiency on Profits Persistence at Jordanian Industrial Companies. Masters thesis, جامعة الشرق الاوسط.

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Abstract

This study aims at investigating the impact of financial risks and assets efficiency on profits persistence, as well as, to examine whether there is a difference in the profits persistence amongst industrial companies. To achieve the study objectives, the analytical descriptive approach is employed and the study hypotheses are tested using the simple linear regression method. The study population consists of (54) Jordanian public shareholding companies listed on Amman Stock Exchange in the Industrial sector during the period from (2007-2016). (41) of these companies are selected as a study sample using the purposive survey approach. The study findings show that there is no a statistically significant impact of financial risks, measured by the liquidity ratio, on profits persistence in industrial companies; there is no a statistically significant impact of financial risks, measured by the debt ratio, on profits persistence in industrial companies; and there is no a statistically significant impact of financial risks, measured by the assets turnover, on profits persistence in industrial companies. Moreover, the study finds there is a statistically significant difference at the level (α≥0.05) in the profits persistence amongst industrial companies. The study has come up with many recommendations; the most important of which include the necessity of competent bodies to raise awareness amongst the management in companies on the importance of profits persistence over the short and long terms; in addition to obliging companies to disclose their profits persistence level in the governance reports in order to help investors and other decision makers determine the companies’ ability to maintain their current profits and the quality of their revenues. Keywords: Financial Risks, Assets Efficiency, Profits Persistence.

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