أثر السياسات المحاسبية لإدارة المكاسب على أسعار أسهم الوحدات الاقتصادية المتداولة، في سوق فلسطين للأوراق المالية

Abstract EN

The main purpose of this study is to measure the effect of adopting the strategy of earning management on the prices of marketable shares in Palestine Securities Exchange Market (PSE).

In order to achieve this objective All economic entity shares that were marketable at PSE in the period of 2004-2006 were surveyed.

.Entities were divided into two groups: The first group is economic entities whose price increased above issue price (14 entities).The second group is the shares whose price was below the issue price (8 entities).

Statistical techniques used to analyze the data and to test the hypothesis included: Single analysis and multiple discriminate analysis .

The findings of the study indicate that adopting the earning management strategy by the economic entity management has its effects on marketable shares price in PSE.

The statistical analysis indicates significant relationship between the net profit of the economic entity and the owners' equity return and marketable share prices in PSE.

These indicators were affected by adopting the earning management strategy.

The study also revealed that the economic entity management may adopt the earning management strategy through accounting policies which stabilize the income for many reasons , such as the management’s own interest , , tax benefits, and to avoid political and debt costs.

The study provided a set of recommendations, foremost of which is to attempt to issue new laws which allow for new financial instrument to integrate the PSE.