Determinants of corporate financial performance of Palestinian companies listed at Palestine Securities Exchange an empirical : study on the industrial, service, and investment sectors

العناوين الأخرى

محدداث الأداء المالي للشركاث الفلسطينية المدرجة في سوق فلسطين للأوراق المالية : دراسة تجريبية لقطاع الصناعة، الخدماث و الاستثمار

مقدم أطروحة جامعية

Ghushah, Lubna Abu Suud

مشرف أطروحة جامعية

al-Mumani, Ghazi Falah

أعضاء اللجنة

al-Sarraf, Zaki Jawad
Abd Allah, Khalid Amin
Salamah, Rashid Muhammad

الجامعة

الأكاديمية العربية للعلوم المالية و المصرفية

الكلية

كلية العلوم المالية و المصرفية

القسم الأكاديمي

قسم الإدارة المالية

دولة الجامعة

الأردن

الدرجة العلمية

دكتوراه

تاريخ الدرجة العلمية

2011

الملخص الإنجليزي

-This study sets out to identify factors that influence corporate financial performance in a sample of Palestinian companies during the period 2004-2010 on a semiannual basis.

Return on Assets (ROA), Return on Equity (ROE), Working Capital (W.C), and Tobin‟s Q (T.Q) were used as measures of corporate performance.

Eight determinants of corporate performance have been identified.

Those were company‟s size, leverage, liquidity (firm specific factors), unemployment, credit to private sector (CPS), GDP, Inflation, and Interest rate (Macro Economic Factors).

Financial data were taken for 26 companies out of the 45 companies listed at Palestine Securities Exchange.

Those companies are all the listed companies in the industrial sector (10 companies), service sector (8 companies), and investment sector (8 companies).

Ordinary least square method was used to estimate the unknown parameters in the linear multiple regression model.

The results showed that size was the major internal variable which has a positively significant statistical effect on all the performance measures that were used in this study (ROA, ROE, TQ, and W.C).

Leverage and liquidity have a strong positive significant effect on ROE, and on Working capital.

Macro economic factors have no significant statistical effect on corporate performance of Palestinian companies listed in the three sectors included in the study (Industrial, Service, and investment).

The study recommends increasing the size of the Palestinian companies as it will no doubt have a positive effect on their performance. Palestinian companies should concentrate on internal firm factors rather than macro economic factors, as the macro economic factors have no significant statistical effect on firm performance.

Palestinian companies wishing to maximize the wealth of their shareholders need to increase their leverage, taking into consideration the industry average for such a company.

التخصصات الرئيسية

العلوم المالية و المحاسبية

الموضوعات

• التمويل
• فلسطين

عدد الصفحات

95

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-306812