أثر القيمة الاقتصادية المضافة و الكلفة الاستبدالية على أسعار أسهم الشركات المساهمة العامة المدرجة في سوق عمان المالي

Abstract EN

The aim of current study is to test the impact of the Economic value added and the replacement cost on the Stock Price for listed companies on the Amman Stock Exchange.

The data were collected through the annual financial statements of the industrial Jordanian public companies, were negotiated during the study’s period, and the closing prices of their shares were available.

In addition to, that the companies were not merged with other companies for the period (2005 to 2015), which are listed under the term (Penal Data) which includes (time series data) Their initial tests indicated that the use of the model of (fixed effect) and (Random Effect) represents the best statistical method to test their hypotheses, within the framework of the statistical E- Views.

The results of current research reached to positive effect of the economic value added on the stock prices for the firms.

Furthermore, there is a positive effect of the replacement cost on the stock prices for the firms.

In addition to, the growth rate in sales has positive effect on stock price; while the company size hasn’t any effect on stock price.

Lastly, current study recommends, based on the results reached, that all investment and financing decisions are sound, reflecting positively on both the economic value added and the cost of replacement.