أثر صافي التدفقات النقدية التشغيلية في سعر السهم السوقي للشركات الصناعية المساهمة العامة الأردنية

Abstract EN

The purpose of this paper is to examine how Amman Bourse evaluates the adequacy and the efficiency of the net operating cash flow.

The study sample consists of 23 publicly held Jordanian industrial companies listed in Amman Bourse during the period from 2001 to 2010.

The analysis results show a significant positive association 0.53 (the significant level is 1%) between the change in the net operating cash flow adequacy and the change in the net operating cash flow efficiency.

The analysis results indicate no significant relations between the other variables.

The regression analysis shows that the investor in Amman Bourse does not depend on the net operating cash flow adequacy and efficiency when making his investing decision.

The regression analysis shows no significant effect of the change in both the net operating cash flow adequacy and efficiency on the change in the market share price.