The Significance of Financial Analysis Methods in the Rationalization of Investment Decisions in Stock Market – The Case of Khartoum Stock Exchange, During the Period from 2014  to 2018 –: أهمية استخدام أساليب التحليل المالي في ترشيد قرارات الاستثمار في سوق الأوراق المالية – دراسة حالة سوق الخرطوم للأوراق المالية خلال الفترة 2014 - 2018 –

This research aimed primarily to clarify the extent of the significance of financial analysis tools in the rationalization of investors’ decisions in the Khartoum Stock Exchange. This is, however, will be effected by identifying the role of financial analysis using financial ratios to provide information to make a sound decision. To achieve this objective, the research used the analytical descriptive approach, since the same conforms to such types of researches. To affect this, the research relied basically on the annual financial data of the case study. Based on said account, the research has reached a number of findings, the most significant of which, are the following: The utilization of trend analysis reporting in the Khartoum Stock Exchange has a great significance in the performance evaluation of the stock market. The liquidity ratios as a tool for financial statements analysis deemed as a perfect indicator in the process of decision making in the stock market. The debt ratios are the most significant tools in the financial analysis of the published financial statements, which help investors to take sound investment decisions.

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The importance of the role of financial analysis in making investment decisions in securities - Case Study: Khartoum Stock Exchange: أهمية دور التحليل المالي في اتخاذ القرارات الاستثمارية في الأوراق المالية دراسة حالة: سوق الخرطوم للأوراق المالية

المجلة العربية للعلوم ونشر الأبحاث مجلة العلوم الاقتصادية والإدارية والقانونية ◽

10.26389/ajsrp.m251020 ◽

2021 ◽

Vol 5 (17) ◽

pp. 99-79

Author(s):

Waleed Alsayed Almahdi Ahmed Waleed Alsayed Almahdi Ahmed

Keyword(s):

Financial Analysis ◽

Stock Exchange ◽

Investment Decision ◽

Investment Decisions ◽

Financial Statements ◽

Research Problem ◽

Sufficient Information ◽

The Right ◽

Rational Investment

This research aimed at the followings: Identifying the important role of financial analysis depending on information cited on financial statements and reports in making the right investment decision in Khartoum Stock Exchange. Adopting a reliable financial analysis that can assist to analyze and evaluate the financial and non-financial information to make decisions of buying، selling or reserving stocks with rational investment decisions at Khartoum Stock Exchange. In order to discuss the research problem، the researcher tests the hypotheses: The rational financial analysis is considered an effective tool in making a good investment decision, the accounting information helps investors in stock markets in making the right investment decision. The research adopts the deductive methodology to formulate the research problem and hypotheses; the inductive method to collect data from primary and secondary sources; the historical method to tackle the previous studies; whereas the analytical-descriptive method to test the validity of the hypotheses. The important results of the research could be summarized as Adopting modern financial analysis techniques provide information that help in making the right investment decisions Failure to make the rational investment decision is related to inefficiency of the information and financial reports depended upon in each stage of making investment decision and Whereas the most important recommendations are to adopt modern techniques in analyzing financial statements by using SPSS. Provide sufficient information about stock exchange rates and dealings regularly on the internet websites and workshop papers.

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TAX RESEARCH Financial Accounting versus Tax Accounting - Tax Rules’ Impact on Investment Decisions

ILIRIA International Review ◽

10.21113/iir.v4i1.50 ◽

2016 ◽

Vol 4 (1) ◽

pp. 9

Author(s):

Dr.Sc. Skender Ahmeti ◽

Dr.Sc. Muhamet Aliu ◽

MSc. Alban Elshani ◽

Yllka Ahmeti

Keyword(s):

Investment Decisions ◽

Financial Statements ◽

Financial Accounting ◽

Future Research ◽

International Accounting Standards ◽

Corporation Tax ◽

Tax Research ◽

The Impact

This paper provides guidance for all those interested in research related to tax. In the study are included three main areas dealing with taxes and about taxes: (1) the role of information in corporation tax expenditures under the rules and laws of the country against financial statements according to international accounting standards, (2) case study PTK; how much effective tax and tax on extra profit has it paid (3) the impact of tax rules on investment decisions - the reasons and profits of the company and the host country. We will try to summarize here the three areas of study and come to some conclusions on how to deal with fiscal policy in Kosovo. In addition, we will offer our opinion on some interesting and important questions for future research.

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Differences In Intrinsic Value With Stock Market Prices Using The Price Earning Ratio (Per) Approach As An Investment Decision Making Indicator (Case Study Of Manufacturing Companies In Indonesia Period 2016 - 2017)

Aptisi Transactions On Technopreneurship (ATT) ◽

10.34306/att.v1i1.61 ◽

2019 ◽

Vol 1 (1) ◽

pp. 82-92

Author(s):

Ardy Indra Lekso Wibowo Putra ◽

Aditya Dwiansyah Putra ◽

Murni Sari Dewi ◽

Denny Oktavina Radianto

Keyword(s):

Decision Making ◽

Stock Market ◽

Stock Price ◽

Stock Exchange ◽

Intrinsic Value ◽

Investment Decision ◽

Manufacturing Companies ◽

Market Prices ◽

Investment Decision Making

An investor must be able to consider all kinds of steps that will be taken or that will be carried out, assessing stocks - shares that will provide optimal benefits in making an investment decision. By analyzing the intrinsic value of the price of a company's stock, investors can assess the fairness of the stock price. The method used to analize intrinsic value is fundamental analysis using the Price Earning Ratio (PER) approach. The samples to be taken in this research are manufacturing companies in Indonesia which are listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2017 with certain criteria. The results of this research will show that the shares of companies listed are in overvalued, undervalued or correctly valued conditions. So investors can decide to buy, hold or sell their shares.

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Behavioral factors affecting investment decision-making in bank stocks on the Ghana stock exchange

Qualitative Research in Financial Markets ◽

10.1108/qrfm-05-2020-0084 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Alexander Quaicoe ◽

Paul Quaisie Eleke-Aboagye

Keyword(s):

Decision Making ◽

Stock Market ◽

Stock Exchange ◽

Investment Decisions ◽

Mental Accounting ◽

Content Type ◽

Gambler’S Fallacy ◽

Gambler's Fallacy ◽

Ghana Stock Exchange ◽

Regret Aversion

Purpose The finance literature is awash with papers bordering on the classical assumption that investors are rational in their decision-making, and hence, would always take decisions rationally given the right information, thus making the stock market efficient. This assumption has, however, been found to be at least inadequate given the fact that investors are complex psychological beings full of emotions. This paper aims to investigate the psychological factors that tend to influence the decisions of investors. Design/methodology/approach The study used a questionnaire to survey a total of 350 investors holding stocks of listed banks on the Ghana Stock Exchange (GSE). Findings The study found the existence of various behavioural biases among the investors surveyed. The most dominant factor or bias found to be influencing investment decisions of respondents was herding with nearly 62% weight. Again, biases such as regret aversion and gambler’s fallacy were also found to strongly influence the decisions of investors, along with mental accounting, overconfidence and anchoring. Practical implications The presence of these behavioural biases, therefore suggests that investors do not always take rational decisions, and hence, making the stock market efficient and that as psychological beings, their investment decisions are impacted strongly by their psychology. Originality/value The study used a questionnaire to survey a total of 350 investors holding stocks of listed banks on the GSE with a special focus on overconfidence, anchoring, herding, gambler’s fallacy, mental accounting and regret aversion as the variables of interest, the first of its kind in Ghana.

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CAPITAL WORKING ANALYSIS IN THE COMPANY (CASE STUDY AT PT. ANEKA TAMBANG TBK. YEAR 2015-2019)

JURNAL TERAPAN MANAJEMEN DAN BISNIS ◽

10.26737/jtmb.v6i2.2283 ◽

2020 ◽

Vol 6 (2) ◽

pp. 60

Author(s):

Irvan Yoga Pardistya

Keyword(s):

Financial Management ◽

Stock Exchange ◽

Sampling Technique ◽

Financial Statements ◽

Working Capital ◽

Unit Of Analysis ◽

Mining Companies ◽

Descriptive Approach ◽

Quantitative Descriptive

<p>Working Capital is a comparison ratio in the company's financial management. This ratio compares income to current assets minus current Liabilities. PT. Aneka Tambang Tbk is one of the mining companies that performs well on the Indonesia Stock Exchange (IDX) because it is one of the LQ45 companies. In this research, PT. Aneka Tambang Tbk is the object of research. The unit of analysis is the Company's 2015-219 Financial Statements. Then the research methodology uses a quantitative descriptive approach with purposive sampling technique. The results of the discussion in the research of PT. Aneka Tambang Tbk experienced had decreased in income from 2015 to 2016 however, it rose up in 2016-2019. The increase from year to year is almost 100% from 2016 to 2018 and has increased 3 (three) times in the calculation. Thus, the company's performance is categorized as good and positive.</p>

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The Role of Financial Analysis in Assessing the Prices of Shares of Jordanian Industrial Joint Stock Companies Listed on the Amman Stock Exchange

International Journal of Economics and Finance ◽

10.5539/ijef.v11n6p120 ◽

2019 ◽

Vol 11 (6) ◽

pp. 120

Author(s):

Bahaa Sobhi AbdeLatif Awwad ◽

Ammar Zakaria Abdallh Salem

Keyword(s):

Market Share ◽

Financial Analysis ◽

Stock Exchange ◽

Investment Decisions ◽

Share Price ◽

Financial Ratios ◽

Working Capital ◽

Financial Leverage ◽

Amman Stock Exchange

This study aimed to highlight the role of financial ratios in evaluating the prices of shares of Jordanian industrial joint stock companies listed on the Amman Stock Exchange; it also aimed to show which of these ratios has a more influential impact on these prices. The researcher conducted a test study survey to analyze the published data of (73) Jordanian industrial joint stock companies. The study sample (n= 18) formed about (25%) of the total population of the companies listed on the Amman Stock Exchange during the period 2010-2017. The researcher used the multiple regression method to identify the correlations between the financial ratios and the market share prices of the Jordanian industrial joint-stock companies. The results of the study showed a statistically significant effect for the Ratio of Circulation (CR), the Quick Ratio (QR), the Profit Per Share (EPS), the Return on Equity (ROE), the Debt Ratio (DR), the Total Assets Turnover (TAT), the Price- to- Earnings Ratio (PER), and the Price- to- Book Value Ratio (PBVR) on the market share price of the Jordanian industrial joint stock companies. However, the study showed no statistically significant effect of the Degree of Financial Leverage (DOL) and the rate of Working Capital Turnover (WCT) on the prices of these companies. In light of the study findings, the researcher recommended that all investors in the Amman Stock Exchange must have the know-how of the financial analysis, and to benefit from the expertise and knowledge of specialists in the financial analysis in order to rationalize their investment decisions and eventually take the best, decisive investment decisions. Companies should also consider the importance of financial leverage ratios and working capital turnover that may be reflected on the value/prices of their shares.

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ROLE OF FINANCIAL REPORTING IN DECISION-MAKING IN ORGANIZATIONS

The herald of KSUCTA n a N Isanov ◽

10.35803/1694-5298.2019.4.680-685 ◽

2019 ◽

pp. 680-685

Author(s):

G. Sh. Asanova ◽

U. M. Abdyldaeva

Keyword(s):

Decision Making ◽

Cash Flow ◽

Financial Reporting ◽

Financial Analysis ◽

Financial Statements ◽

Necessary Condition ◽

Management Decisions ◽

Information Base ◽

Financial Position

This article discusses the role and analytical capabilities of financial statements in making management decisions, since financial statements must faithfully reflect the financial position, financial results and cash flow of an enterprise, which requires truthful reflection of completed operations, other events and conditions in accordance with the definitions and criteria recognition of assets, liabilities, income and expenses. The value of financial statements is that it is the information base of financial analysis and audit. Therefore, the reliability of all objects reflected in the account, is a necessary condition in the preparation of accounting and reporting information, both on the property status of the enterprise, and on the results of its activities.

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The Evaluation of Financing Efficiency of China’s Stock Market

Mathematical Problems in Engineering ◽

10.1155/2016/3236897 ◽

2016 ◽

Vol 2016 ◽

pp. 1-13 ◽

Cited By ~ 1

Author(s):

Ji-chang Dong ◽

Lin-lin Zhu ◽

Bing Wang ◽

Zhi Dong ◽

Xiu-ting Li

Keyword(s):

Decision Making ◽

Stock Market ◽

Total Factor Productivity ◽

Stock Exchange ◽

Listed Companies ◽

Financial Data ◽

Factor Productivity ◽

Equity Financing ◽

The Impact ◽

Decision Making Units

Financing is the main way for listed companies to obtain funds in China, and it is the “reservoir” which can guarantee enterprises to operate continuously. Financing efficiency can be used to measure the efficiency in using enterprises’ own funds, and it is one of the main indicators which are concerned by the stakeholders of listed companies. This paper mainly researches on the impact of equity financing on the financing efficiency of listed companies as a whole and selects 300 listed companies in the Shanghai and Shenzhen Stock Exchange as decision-making units. Then this paper analyzes the financial data of sample companies in 2008–2014. Finally, it can be concluded that the financing efficiency of listed companies in China is generally low, and the total factor productivity in the stock market continued to decline between 2003 and 2005 and then rose rapidly.

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