مدى الاعتماد على المعلومات المحاسبية و الاقتصادية في تفسير الاختلافات في أسعار الأسهم السوقية و ترشيد قرار الاستثمار في بورصة فلسطين

Abstract EN

The objective of this study is to determine the extent of reliance on the accounting and economic information in explaining the variances in the market prices of stocks and rationalizes the investment decisions on the market securities exchange.The case study is on the companies listed on Palestine securities exchange during the years 2004- 2011.The sample size consists of 14 companies divided into five sectors: study uses annual, quarterly stock prices and other accounting and economic information, a set of statistical and the use of Correlation and Regression Method to test the main hypotheses.The statistical analysis indicates that there is a significant positive relationship between the book value, rates of return on equity and exchange rates on the one hand, and the quarterly stock prices on the other hand.The accounting information can explain the differences in stock prices with a greater degree of economic information.The main recommendations of this study are: 1- there is a need for the Palestinian stock market investors to build their investment decisions on the basis of accounting information, particularly on the basis of the book value and the rate of return on equity greater degree of economic information, and 2- thee is a need for companies to deploy a unified set of accounting ratios with quarterly reports and annual so that the investor can evaluate the performance of these companies before making decisions to buy or sell the stock.