![](/images/graphics-bg.png)
العلاقة بين السيولة و الربحية و القيمة السوقية للشركات : دراسة تطبيقية على شركات صناعة الملابس و الجلود و النسيج المُدرجة في سوق عمان للأوراق المالية
Other Title(s)
The relationship between liquidity, profitability and the market value of companies : an applied study on clothing and leather manufacturing companies the textile is listed on the Amman Stock Exchange
Author
Source
مجلة جامعة دمشق للعلوم الاقتصادية و السياسية
Issue
Vol. 35, Issue 2 (31 Dec. 2019), pp.89-131, 43 p.
Publisher
Publication Date
2019-12-31
Country of Publication
Syria
No. of Pages
43
Main Subjects
Marketing
Financial and Accounting Sciences
Topics
- Profits
- Financial markets
- Liquidity(Economics)
- Industries
- Clothing industry
- Leather
- Textiles
- Jordan
- Amman
- Corporations
- Fair value
- Bourse
Abstract EN
Maximizing the market value is a strategic goal that companies seek to achieve, and considering that this goal is related to two other fundamental goals: the goal of liquidity and the goal of profitability, the matter has become more complicated, as the inconsistency and lack of clarity represents the distinguishing feature of the network of relationships linking these three variables that cannot be isolated from each other Some, as investment decision makers are divided on the relationship between liquidity and profitability and the relationship of each with the aim of maximizing the market value of the company, and their division was exacerbated after the results of financial research that dealt with the relationship of these variables to each other and became a result of that.
their investment decisions became irrational.
Hence the main objective of this research was to determine precisely the nature of the relationships between liquidity and profitability and the market value of the company, and to know whether liquidity directly affects the market value of the company, or whether it needs profitability as a medium to exercise this effect, or whether liquidity can exert its influence on value Market the company directly and indirectly through profitability at the same time.
To achieve this goal, a non-random (intentional) sample was studied that included four companies for the clothing, leather and textile industries listed on the Amman Stock Exchange for the period between the first quarter of 2000 and the fourth quarter of 2016.
The study relied on five indicators to measure liquidity and four indicators to measure profitability and Tobin's ratio qmeasure the market value of the company.
The results of the study showed a difference in the relationships between the studied variables according to the different indicators used to measure them, as liquidity appeared measured by the adjusted trading rate, which affects - unlike the rest of the liquidity indicators - in a positive, direct, and significant indication of the market value of the company, and the profitability measured by the rate of return on property rights affects - other than Other indicators of profitability - positively and significantly indicative of the company's market value.
The results also showed that the effect of liquidity on the market value of the company decreased by introducing profitability to the regression equation, which confirmed the mediating role of profitability between liquidity and the market value of the company.
American Psychological Association (APA)
غذوان علي علي. 2019. العلاقة بين السيولة و الربحية و القيمة السوقية للشركات : دراسة تطبيقية على شركات صناعة الملابس و الجلود و النسيج المُدرجة في سوق عمان للأوراق المالية. مجلة جامعة دمشق للعلوم الاقتصادية و السياسية،مج. 35، ع. 2، ص ص. 89-131.
https://search.emarefa.net/detail/BIM-1205761
Modern Language Association (MLA)
غذوان علي علي. العلاقة بين السيولة و الربحية و القيمة السوقية للشركات : دراسة تطبيقية على شركات صناعة الملابس و الجلود و النسيج المُدرجة في سوق عمان للأوراق المالية. مجلة جامعة دمشق للعلوم الاقتصادية و السياسية مج. 35، ع. 2 (2019)، ص ص. 89-131.
https://search.emarefa.net/detail/BIM-1205761
American Medical Association (AMA)
غذوان علي علي. العلاقة بين السيولة و الربحية و القيمة السوقية للشركات : دراسة تطبيقية على شركات صناعة الملابس و الجلود و النسيج المُدرجة في سوق عمان للأوراق المالية. مجلة جامعة دمشق للعلوم الاقتصادية و السياسية. 2019. مج. 35، ع. 2، ص ص. 89-131.
https://search.emarefa.net/detail/BIM-1205761
Data Type
Journal Articles
Language
Arabic
Notes
يتضمن هوامش.
Record ID
BIM-1205761