Impact of stock ownership concentration on the price of stocks listed at Amman bourse (2003-2007)‎

مقدم أطروحة جامعية

al-Lahham, Muhammad Ismail Abd al-Rasul

مشرف أطروحة جامعية

Umet, Ghassan said

أعضاء اللجنة

Abd Allah, Khalid Amin
al-Mumani, Ghazi Falah
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

2010

الملخص الإنجليزي

The importance of accounting information in determining stock prices has attracted a large number of research papers.

In addition, the issue of corporate governance, and in particular the ownership structure of listed firms, has been attracting a growing number of research papers.

One of the issues which have been investigated is the impact of ownership structure on stock prices.

This dissertation extends the ownership structure literature to the Amman Securities Exchange.

Based on the time period 2003–2007, panel data analysis, and a large number of listed securities amounted (232) firms, the results indicate the absence of such a relationship.

In other words, the results indicate that the ownership structure of firms does not have a significant impact on stock prices.

This result is in contradiction with the international evidence.

Finally, based on the results of the dissertation, a number of recommendations are provided.

For example, it is useful to measure the Weighted Average Cost of Capital (WACC) for a sample of Jordanian firms and compare this cost with their respective return on assets.

In other words, following this measurement, the impact of the difference between the return on assets and the WACC on stock prices can be examined.

Indeed, this type of research would enable us to conclude whether or not investors in the ASE take into account the concept of economic profit before deciding in which stocks to invest.

التخصصات الرئيسية

الاقتصاد و التجارة

الموضوعات

• الأسعار
• الأسهم
• الأردن

عدد الصفحات

59

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-307040