Impact of stock ownership concentration on the price of stocks listed at Amman bourse (2003-2007)
Dissertant
al-Lahham, Muhammad Ismail Abd al-Rasul
Thesis advisor
Comitee Members
Abd Allah, Khalid Amin
al-Mumani, Ghazi Falah
Salamah, Rashid Muhammad
University
Arab Academy for Financial and Banking Sciences
Faculty
The Faculty of Banking and Financial Sciences
Department
Accounting Department
University Country
Jordan
Degree
Ph.D.
Degree Date
2010
English Abstract
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.
Main Subjects
Topics
No. of Pages
59
Table of Contents
Table of contents.
Abstract.
Chapter One : general introduction.
Chapter Two : the Jordanian capital market : some basic information.
Chapter Three : the data, methodology and empirical results.
Chapter Four : summary, conclusions and recommendations.
References.
American Psychological Association (APA)
al-Lahham, Muhammad Ismail Abd al-Rasul. (2010). Impact of stock ownership concentration on the price of stocks listed at Amman bourse (2003-2007). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-307040
Modern Language Association (MLA)
al-Lahham, Muhammad Ismail Abd al-Rasul. Impact of stock ownership concentration on the price of stocks listed at Amman bourse (2003-2007). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences. (2010).
https://search.emarefa.net/detail/BIM-307040
American Medical Association (AMA)
al-Lahham, Muhammad Ismail Abd al-Rasul. (2010). Impact of stock ownership concentration on the price of stocks listed at Amman bourse (2003-2007). (Doctoral dissertations Theses and Dissertations Master). Arab Academy for Financial and Banking Sciences, Jordan
https://search.emarefa.net/detail/BIM-307040
Language
English
Data Type
Arab Theses
Record ID
BIM-307040
