أثر مقاييس التدفقات النقدية في تفسير العوائد السوقية العادية للأسهم : دراسة ميدانية على الشركات المساهمة العامة الفلسطينية

Abstract EN

This study examined the effect of cash flows on regular stocks returns of listed corporations at the Palestine securities exchange market regarding that stock returns are affected by several factors out of which the corporations generated cash flows.

The study included all of the listed corporations for stock trading on Palestine security exchange market.

The study concluded that there is no empirical evidence of the relation between operating cash flows and returns for the mentioned companies nor there is a relation between returns and financial or investment cash flows.

This brings up the fact that other factors contribute to the determination of shares market prices.

Several recommendations were the outcome of the study.

Amongst these is the recommendation for periodical analysis for the assuredness of the study regarding that market efficiency can and do change over time.

The study recommended that information made sent and made available for all of those who deal with the stock market at the same point in time at low costs.

Another recommendation is the need to enhance investment and accounting awareness for all of those who trade and deal with the exchange.