المضمون المعلوماتي الإضافي للإنتاجية : دراسة تطبيقية على بورصة عمان

Abstract EN

The aim of this study is to examine the information content of productivity concerning enterprise profitability and its market value.

Moreover, the study attempts to examine whether productivity information has incremental information content above that of earnings figure and the enterprise book value.

In addition, the study attempts to examine the incremental information content of value added to explain market risk above earning figure and net cash flow provided by operating activities.

The study sample consists of (32) industrial companies listed in Amman Stock Exchange, during the period 1991-2003.

Regression analysis is employed to examine the study's hypotheses.

The study reached the following results: 1- There is a significant and positive relationship between earnings figure of the current year and earnings figure of the next year.

2.

Productivity does not have incremental information content regarding future profitability above that of current profitability.

3.

There is a significant and positive relationship between book value of common equity and market value of common equity.

4.

The earnings figure provides incremental information content regarding market value above that of book value.

5.

Productivity has an incremental information content, regarding market value above that of book value and earnings figure.

6.

The value added measures have incremental information content, regarding market risk above that of earnings figure and net cash flow provided by operating activities.