scholarly journals short-selling and its applications on the Saudi Arabia Stock Exchange Fiqhi Authentication study

2020 ◽  
Vol 28 (13) ◽  
pp. 111-137
Author(s):  
د. أحمد بن هلال الشيخ د. أحمد بن هلال الشيخ
Keyword(s):  
Saudi Arabia ◽  
Research Methodology ◽  
Stock Exchange ◽  
Short Selling ◽  
Exchange Traded Funds ◽  
Research Subject ◽  
Put Options ◽  
Study Research ◽  
Naked Short Selling

Research Subject: short-selling and its applications on the Saudi Arabia Stock Exchange. Fiqhi Authentication study Research Objectives: - Clarifying the short-selling and its applications on the Saudi Arabia Stock Exchange. - Alternatives to Short-selling Research Methodology: Analytical Descriptive. The most important findings. There is a distinction between naked short-selling – the selling of stocks that the person “does not own” or without first obtaining approval for borrowing them – and the regular short-selling where an investor sells stocks borrowed from its owner and return them back later after a certain time – covered shorting. Regular short-selling is a combined contract of sale and loan transactions, where the loan is set against a certain dividends to the borrower to be paid to the broker. There is a number of alternatives to short-selling such as: put options and inverse exchange-traded funds.

Short‐sell moratorium effects on regional bank performance

2013 ◽  
Vol 5 (2) ◽  
pp. 92-110
Author(s):  
Michael Devaney ◽  
William L. Weber
Keyword(s):  
Trading Volume ◽  
Short Selling ◽  
Bank Risk ◽  
Too Big To Fail ◽  
Content Type ◽  
Naked Short Selling ◽  
Regional Bank ◽  
Capm Model ◽  
Short Sell ◽  
Regional Banks

PurposeThe purpose of this paper is to investigate the effects of the 2008 SEC short‐sell moratorium on regional bank risk and return. The paper also examines the decline in “failures to deliver” securities in the wake of SEC short‐sell moratorium.Design/methodology/approachIn total, six regional bank portfolios are derived and the beta coefficients from a CAPM model are estimated using the integrated generalized autoregressive conditional heteroskedasticity (IGARCH) method accounting for the short‐sell moratorium. Data on 110 regional banks in six US regions from January 2002 to December 30, 2011 are used to estimate the model.FindingsThe ban on naked short selling and the SEC short‐sell moratorium significantly increased individual bank risk for a majority of banks in six geographic regions, but also increased return in three of three regions. There was also reduced naked short selling as failures to deliver securities declined sharply after the September 2008 moratorium took effect.Originality/valueRegional banks have generally not achieved the size needed to be deemed “too big to fail” by policy‐makers. Thus, policy changes such as the SEC short‐sell moratorium might be expected to have larger effects on regional banks than on larger banks, which might be shielded from the policy change by having achieved “too big to fail” status. The authors' results are consistent with research that has shown that short‐sell restrictions increase risk by reducing liquidity and trading volume.

scholarly journals Harmonizing Education Outcomes with the Needs of the Saudi Labor Market Demand

2016 ◽  
Vol 4 (7) ◽  
pp. 191-197
Author(s):  
Nadia Yusuf ◽  
Dr. Nisreen Ismail Albanawi
Keyword(s):  
Saudi Arabia ◽  
Labor Market ◽  
Education System ◽  
Research Methodology ◽  
Local Population ◽  
Market Demand ◽  
Education Outcomes ◽  
Market Needs ◽  
The Right ◽  
Training Opportunities

This paper focuses on the exploration of particular education outcomes in the context of Saudi Arabia and how those aspects can be harmonized with the needs of the Saudi labor market demand. Different arguments related to the emergence of education and training opportunities for the workforce of Saudi Arabia are presented and critically analyzed against major findings derived from the literature. A relevant conclusion presented in the paper refers to the statement that Saudi Arabia is on the right path of expanding its talented employee base in an attempt to improve its education system by making it adequately competitive as compared to major education systems around the world. The research methodology utilized in the study is quantitative by nature implying the researcher's focus on obtaining as objective and unbiased findings from participants as possible. The data collection method used by the researcher is questionnaires as they are identified as a reliable tool to derive adequate information from participants. The research methodology paradigm implemented in the current study refers to positivism. The main conclusion presented in the paper is associated with the belief of participants that the Saudi education system is efficient and reliable enough to accommodate the education and labor market needs of the local population.

scholarly journals Testing Strong Form Market Efficiency of Jordanian Capital Market: Performance Appraisal of Mutual Funds a comparable study case with Saudi Arabia

2020 ◽  
Vol 16 (2) ◽  
pp. 3-15
Author(s):  
Mazen Bustanji
Keyword(s):  
Saudi Arabia ◽  
Performance Appraisal ◽  
Mutual Funds ◽  
Capital Market ◽  
Stock Exchange ◽  
Market Price ◽  
Strong Form ◽  
Monthly Data ◽  
Amman Stock Exchange ◽  
Modelling Techniques

This paper analyses the strong-form efficiency of the capital market in Jordan by evaluating the performance of mutual funds over the period from 2011 to 2016, and compare it with the situation in Saudi Arabia using the Jensen modelling techniques. These tests were applied on monthly data. Results from the study show that there is no evidence of the strong-form of efficiency in either the Amman Stock Exchange or in the Saudi Arabia capital market. Therefore, investors in the Amman Stock Exchange and Saudi Arabia capital market cannot predict stocks prices or returns in the short term; with regard to firms, it suggests that the securities of firms cannot outperform the market and present market price is to a certain extent a true reflection of the present situation of their securities, in addition there is lack number availability of the mutual funds in Jordan.

scholarly journals Integrated Reporting and Corporate Performance: Empirical Evidence of The IIRC Framework Adoption

2019 ◽  
Vol 16 (2) ◽  
pp. 181
Author(s):  
Muhammad Wildan Affan
Keyword(s):  
Chemical Industry ◽  
Corporate Performance ◽  
Stock Exchange ◽  
High Growth ◽  
Analysis Tool ◽  
Research Subject ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Industry Sector ◽  
Growth Industry

Sustainability and transparency issues are becoming trending in the nature of corporate reporting. Stakeholders are accused to bring together all financial and nonfinancial metrics into one integrated report. The purpose of this study is to determine the effect of integrated reporting toward corporate performance. Integrated reporting measurement uses the construct adopted from IIRC. The research sample in this study is basic and chemical industry sector that listed in the Indonesia Stock Exchange in 2017. The reason in choosing those industries as a research subject is because the basic and chemical industry sector is recorded as a high growth industry sector in 2017. This study uses a linear regression as an analysis tool. This study concluded that integrated reporting has significant effect toward corporate performance.

Muddying the waters: when does short selling become market manipulation?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gregory Durston
Keyword(s):  
Design Methodology ◽  
Stock Exchange ◽  
Listed Company ◽  
Short Selling ◽  
Market Manipulation ◽  
London Stock Exchange ◽  
Content Type ◽  
High Court ◽  
Regulatory Actions

Purpose This paper aims to consider “spoofing”, “layering” and “short reports” in the context of market manipulation and, in particular, a recent controversy involving a short-selling attack on a major UK listed company that was considered by the High Court. Design/methodology/approach The very demanding legal and evidential prerequisites and practical difficulties, involved in bringing both criminal and regulatory actions in such cases are identified and discussed, as is the role of the Financial Conduct Authority. Findings These challenges help explain why so few actions of this type are brought. Originality/value This is the first paper to consider the implications of Burford Capital Limited v London Stock Exchange Plc [2020] EWHC 1183 (Comm).

Determinants of Mobile Service Acceptance in Saudi Arabia

2013 ◽  
Vol 5 (3) ◽  
pp. 43-61 ◽  
Author(s):  
Mutlaq B. Alotaibi
Keyword(s):  
Saudi Arabia ◽  
Financial Services ◽  
Stock Exchange ◽  
Mobile Service ◽  
Exchange System ◽  
Gender And Education ◽  
Use Of Technology ◽  
It Managers ◽  
Effort Expectancy ◽  
Mobile Financial Services

This paper identifies factors that determine user acceptance of the mobile version of the stock exchange system in Saudi Arabia (Tadawul). It examines the conditions under which users use Mobile Tadawul (M-Tadawul), the findings will provide an in-depth understanding of the mobile financial services for developers, potential users and Information Technology (IT) managers. The study proposed a theoretical framework based on the Unified Theory of Acceptance and Use of Technology (UTAUT) model. To meet the aims of this study, the model utilized the major UTAUT constructs, these were moderated by three factors: age, gender and education. M-Tadawul characteristics were included as a major determinant of acceptance and use. A questionnaire was devised (and sent to 442 Saudis) to measure M-Tadawul acceptance and use facilitators. The results suggest that behavioural intentions towards the use of M-Tadawul can be predicted by performance expectancy, effort expectancy, social influence and M-Tadawul characteristics. The findings also indicate that the effect of predicting variables is mediated by gender, age and education. Studying the moderating effect of education in developing countries as well as applying heuristics evaluation of mobile services in Saudi Arabia would therefore merit further investigation.

A Qatar solution is unlikely at the Gulf summit

2017 ◽  
Keyword(s):  
Saudi Arabia ◽  
Financial Markets ◽  
United Arab Emirates ◽  
Stock Exchange ◽  
Content Type ◽  
Face To Face ◽  
Self Sufficiency

Significance As the primary mediator in the dispute between Qatar and three of its GCC neighbours, Kuwait is seeking the first face-to-face meeting of the countries’ leaders since Saudi Arabia, the United Arab Emirates (UAE) and Bahrain launched their boycott of Qatar in June. Since then, both sides’ positions have become more entrenched. Impacts Whatever happens with the boycott, Qatar will focus on developing greater self-sufficiency and security through direct imports. A breakthrough deal would likely boost Gulf financial markets, particularly Qatar’s stock exchange, which is at a six-year low. The outcome of the summit will influence wider regional geopolitics, including Gulf rivalry with Iran in Yemen, Iraq and Lebanon.

Accounting irregularities and failure to deliver

2014 ◽  
Vol 40 (8) ◽  
pp. 770-786 ◽  
Author(s):  
Naomi E. Boyd ◽  
Ann Marie Hibbert ◽  
Ivelina Pavlova
Keyword(s):  
Design Methodology ◽  
Institutional Ownership ◽  
Short Selling ◽  
Accounting Restatements ◽  
Content Type ◽  
Short Sellers ◽  
Naked Short Selling ◽  
The Relationship

Purpose – The purpose of this paper is to examine the relationship between naked short selling and accounting irregularities that cause a firm to issue a restatement. Design/methodology/approach – Using the level of abnormal fails-to-deliver as a proxy for naked short selling, the paper looks for evidence of increased naked short selling in anticipation of, as well as in response to these announcements. Findings – Larger firms and firms with a higher percentage of institutional ownership experience greater levels of fails prior to the announcement day, while smaller firms are more likely to be targets of naked short sellers after the announcement. The paper also finds that more transparent announcements are associated with more abnormal fails. Originality/value – This paper is the first research to study the relation between naked short selling and accounting restatements.

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