The value relevance of book value, earnings and dividends in the Jordanian and Saudi capital markets (1999-2006)
مقدم أطروحة جامعية
مشرف أطروحة جامعية
أعضاء اللجنة
Abd Allah, Khalid Amin
Salamah, Rashid Muhammad
الجامعة
الأكاديمية العربية للعلوم المالية و المصرفية
الكلية
كلية العلوم المالية و المصرفية
القسم الأكاديمي
قسم المحاسبة
دولة الجامعة
الأردن
الدرجة العلمية
دكتوراه
تاريخ الدرجة العلمية
2008
الملخص الإنجليزي
This dissertation provides an empirical examination of whether investors in the Jordanian and Saudi capital markets perceive accounting information to be useful in stock valuation.
In addition, this dissertation compares the value relevance of book value and dividends versus book value and reported earnings.
Finally, this research examines whether there is a significant difference between the Jordanian and Saudi markets in terms of value relevance. Based on a sample of 61 Jordanian and 30 Saudi industrial firms (1999-2006), and the Seemingly Unrelated Regression (SUR) estimates, the results indicate that there is a positive relation between the dependent variable (stock price) and all the independent variables (book value, earnings per share, and dividends per share) in both Jordanian and Saudi cases.
In addition, the results indicate that dividends per share in the Saudi firms play a smaller role in explaining stock prices.
Moreover, it was found that book value is the dominant valuation variable, both in terms of its own value relevance and its incremental value relevance with respect to either earnings or dividends in both Jordanian and Saudi cases.
Finally, the empirical analysis indicates that there are no differences in the structure of the relationship between stock price and its determinants across the Jordanian and Saudi samples of firms. Based on the empirical finding of this dissertation, a number of recommendations are put forward.
For example, one can examine the value relevance of other accounting information.
In addition, one can investigate the reasons behind the extent of value relevance.
In other words, this line of research would attempt to examine whether the value relevance of book value or earnings, or dividends depend on the company’s characteristics and its accounting performance.
Finally, it would be most interesting to examine how value relevance changes over the years.
التخصصات الرئيسية
الموضوعات
عدد الصفحات
55
قائمة المحتويات
Table of contents.
Abstract.
Chapter One : General Introduction.
Chapter Two : The Jordanian and Saudi capital markets : some basic information.
Chapter Three : The data, methodology and empirical results.
Chapter Four : Summary, conclusions and recommendations.
References.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Jabarah, Muhammad Khayr Ahmad. (2008). The value relevance of book value, earnings and dividends in the Jordanian and Saudi capital markets (1999-2006). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-306225
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Jabarah, Muhammad Khayr Ahmad. The value relevance of book value, earnings and dividends in the Jordanian and Saudi capital markets (1999-2006). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences. (2008).
https://search.emarefa.net/detail/BIM-306225
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Jabarah, Muhammad Khayr Ahmad. (2008). The value relevance of book value, earnings and dividends in the Jordanian and Saudi capital markets (1999-2006). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-306225
لغة النص
الإنجليزية
نوع البيانات
رسائل جامعية
رقم السجل
BIM-306225
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر