العوامل المالية وغير المالية المحددة لألسعار السوقية ألسهم الشركات الصناعية المساهمة العامة المدرجة في بورصة عمان دراسة اختباريه Financial And Non-Financial Determinants That Affect Stock Market Prices For Industrial Public Shareholding Companies Listed At Amman Stock Exchange (Empirical study)

شنك, اسامة (2018) العوامل المالية وغير المالية المحددة لألسعار السوقية ألسهم الشركات الصناعية المساهمة العامة المدرجة في بورصة عمان دراسة اختباريه Financial And Non-Financial Determinants That Affect Stock Market Prices For Industrial Public Shareholding Companies Listed At Amman Stock Exchange (Empirical study). Masters thesis, جامعة الشرق الاوسط.

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Abstract

This study aimed to identify financial and non-financial factors which affect stock market prices for Industrial public shareholding companies, listed at Amman stock exchange by examining a random sample of 28 companies which were chosen from the population which include 56 industrial public shareholding companies. The study data were analyzed by using descriptive statistical tools such as the arithmetic mean and standard deviation , while its hypotheses were examind by using a set of statistical tools such as, the normal distribution test , multicollinearity test , Pearson correlation matrix, simple regression, multiple regression and stepwise regression. The study revealed a range of results of the most important were: The ( DPS) and the ( EPS) has a statistically significant impact on stock market prices of Jordanian industrial public shareholding companies while the (FL)has no such impact. The study also revealed that the non-financial factors such as the (CS) and the (CR) have statistically significant impact on stock market prices while the (AR) has no such impact. The researcher developed from his study the following mathematical model, as a tool to predict stock market prices for Jordanian industrial public shareholding companies. س MSP = 0.389+ 7.941DPS + 1.899EPS + 0.677CR + £ Upon the above mentioned results, the researcher recommended the following: Encourage dealers in the ASE when taking decisions to pay attention to the factors related to the financial performance of the company and non-financial factors related to the environment or characteristics of the company. Encourage the boards of directors in the industrial companies to pay more attention to profit dividends especialy those paid in cash so as to attract investors to aquire shares. To benefit from the model developed in evaluating the stock prices of the Jordanian public share holding companies based on the financial factors related to the financial performance of the company and the non-financial factors related to the environment or characteristics of the company Encourage other researchers to conduct more similer studies on companies working in the financial and the service sectors Keywords: stock market prices, Amman stock exchange, Financial factors, Non-financial factors.

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