The Implementation of Quality Review Programmes on Audit Firms in Saudi Arabia: an Illustration of Change Processes in a Transitional Economy

2002 ◽  
Vol 16 (2) ◽  
pp. 21-36
Author(s):  
HUSSAM AL-ANGARI ◽  
MICHAEL SHERER
Keyword(s):  
Saudi Arabia ◽  
Transitional Economy ◽  
Change Processes ◽  
Quality Review ◽  
Audit Firms

scholarly journals Factors Influencing IPOs Pricing and Performance in Saudi Arabia: A Halal and Haram Perspective

2018 ◽  
Vol 7 (4) ◽  
pp. 78
Author(s):  
Ali Alnodel ◽  
Muhammad Junaid Khawaja
Keyword(s):  
Saudi Arabia ◽  
Stock Market ◽  
Abnormal Returns ◽  
Stock Market Index ◽  
Ipo Underpricing ◽  
Factors Affecting ◽  
Market Index ◽  
Audit Firms ◽  
Overwhelming Evidence ◽  
And Performance

The objective of the study is to determine the factors affecting underpricing behaviour of  IPOs in Saudi stock market. A special interest is to study the effect of Shariah compliance of Saudi investors on the extent IPO underpricing. The paper uses multiple regression analysis on the IPOs data for Saudi Stock market from 2004 to 2017 with a total of 105 observations.The results show overwhelming evidence of underpricing of IPOs during the first day trading. The most important result of this piece of research is that investors positively respond to the IPOs with Shariah compliance and return is negatively affected by Shariah board. The results also show that the abnormal returns are driven by the demand side factors like oversubscription. Other findings of the study show that premium to face value, type of audit firms and underwriters, and Saudi stock market index are significant determinants of the underpricing of IPOs.The most important implication of this paper is that the existence of abnormal first day return in Saudi stock market shows the existence of market imperfections. By motivating the investors to invest in Shariah compliant IPOs, decreasing the element of uncertainty and ensuring information symmetry these abnormal returns can be normalized. The results show that Saudi society is partial towards Shariah compliant investment opportunities and the investors’ desire to avoid investments involving Haram activities can be used to reduce market imperfections.This paper identifies the important determinants of IPOs underpricing in Saudi stock market and sheds light on the effect of Shariah compliant firms on IPO underpricing. Keywords – IPOs, Underpricing, Shariah Compliance, Auditor, Stock Market, Saudi Arabia

Confidence toward vaccination as reported by parents of children admitted to a tertiary care hospital in Riyadh, Saudi Arabia: A cross sectional study

Vacunas ◽  
2020 ◽  
Vol 21 (2) ◽  
pp. 95-104 ◽  
Author(s):  
Y.M. AlGoraini ◽  
N.N. AlDujayn ◽  
M.A. AlRasheed ◽  
Y.E. Bashawri ◽  
S.S. Alsubaie ◽  
...  
Keyword(s):  
Saudi Arabia ◽  
Tertiary Care Hospital ◽  
Tertiary Care ◽  
Cross Sectional Study ◽  
Care Hospital ◽  
Sectional Study ◽  
Cross Sectional
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