scholarly journals Dividends, Net Income After Taxes and Earnings Per Share and Their Impact on the Market Capitalization of Listed Companies Amman Stock Exchange During the Period 1978-2016

2018 ◽  
Vol 10 (10) ◽  
pp. 69
Author(s):  
Ateyah Alawneh
Keyword(s):  
Positive Relationship ◽  
Stock Exchange ◽  
Listed Companies ◽  
Net Income ◽  
Significant Positive Relationship ◽  
Market Capitalization ◽  
Earnings Per Share ◽  
Amman Stock Exchange ◽  
The Impact

The study aims to measure the impact of dividends, net income after taxes and earring per share on the market capitalization of companies listed in Amman Stock Exchange during the period 1978-2016. The study using E-views program to analyze the data, as the analysis showed that there is statistically significant positive relationship between the dividends and the market capitalization. As well as, a positive relationship between the net income after taxes and the market capitalization of listed companies in Amman Stock Exchange. The study found that there is no statistically significant between earnings per share and market capitalization, and this means that investors are interested in dividends and net income after taxes in the demand on shares, but they do not care about earnings per share when they demand shares.

scholarly journals Empirical Analysis Of The Impact Of Comprehensive Income On Basic Earnings Per Share For Spanish Companies Listed On Madrid Stock Exchange

2011 ◽  
Vol 8 (6) ◽  
Author(s):  
Francisco Sousa Fernández ◽  
María Mercedes Carro Arana
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Listed Companies ◽  
Main Body ◽  
Net Income ◽  
Consolidated Financial Statements ◽  
Comprehensive Income ◽  
General Terms ◽  
Earnings Per Share ◽  
The Impact

In this study we will empirically evaluate the overall impact, and by industries, of Basic Earnings per Share calculated according to Comprehensive Income against the same ratio determined in accordance with Net Income, for a sample of ninety-two Spanish groups listed on the Madrid Stock Exchange during 20042007, in agreement with the information contained in their Consolidated Financial Statements pursuant to IASB GAAP and industry classification adopted in this market.In order to contrast the corresponding hypotheses, a set of non-parametric tools were used, as the data was far from normalcy. The results of our paper, which are ground-breaking at an international level, show a statistically significant impact of Basic Earnings per Share calculated according to Comprehensive Income against the same ratio determined pursuant to Net Income for the sample group in all of the years that were analyzed. On the other hand, when approaching the study by industries, we have observed quite uniform behavior between them in the sense that we found a remarkable impact on listed companies in all industries, which is why in general terms we are witnessing a phenomenon that affects the listed companies regardless of the nature of their business activities.These evidences, apart from suggesting a new dimension in the fundamental analysis, of particular interest to analysts and investors, justifies the disclosure of Basic Earnings per Share determined according to Comprehensive Income, not only in the notes, but also in the main body of the Statement of Comprehensive Income.

scholarly journals The Impact of Debt Capacity on Firm’s Growth: (A Case Study of Selected Firms from Pharmaceutical Industry in Pakistan)

2021 ◽  
Vol 2 (1) ◽  
pp. 15-23
Author(s):  
IHTESHAM KHAN ◽  
SYED WAQAR AHMAD SHAH ◽  
ASAD KHAN
Keyword(s):  
Pharmaceutical Industry ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Secondary Data ◽  
Significant Positive Relationship ◽  
Negative Effect ◽  
Debt Capacity ◽  
The Impact ◽  
The Relationship

The ultimate goal of all activities within organizations is to achieve higher growth and finding new sources for mounting firm capital. This study aims to investigate debt capacity as the source of firm capital and its impact on firm’s growth. The objectives of this research to shows the relationship between market to book ratio and debt to asset ratio. Multiple liner regression is used between Growth and book leverage. By selected pharmaceutical sector that has been listed at Karachi stock exchange in Pakistan. In this research 8 companies are selected that are listed at Karachi Stock Exchange during the period of 2005-2014. In this paper secondary data is used. The result reveals a significant positive relationship between the debt to asset ratio and market to book ratio and debt to asset ratio. It displays that there is no negative effect of debt capacity on firm’s growth.

scholarly journals The Impact of Capital Structure on the Financial Performance of the Jordanian Industrial Companies Listed on the Amman Stock Exchange for the Period 2012-2015

2018 ◽  
Vol 9 (2) ◽  
pp. 369
Author(s):  
Shireen Mahmoud AlAli
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Stock Exchange ◽  
Return On Assets ◽  
Return On Equity ◽  
Industrial Companies ◽  
Earnings Per Share ◽  
Amman Stock Exchange ◽  
The Impact ◽  
The Capital Structure

The purpose of this study was to identify the effect of the capital structure as a percentage of total liabilities to total assets on the financial performance of the Jordanian industrial companies listed on the Amman Stock Exchange for the period 2012-2015.The study population included all the Jordanian general industrial companies listed on the Amman Stock Exchange. The sample of the study included 10 industrial companies listed on the Amman Stock Exchange. The linear regression analysis was used to test the relationship between variables using the ordinary least squares method (OLS).The results showed that there is a positive significant impact on the capital structure of the industrial shareholding companies listed in the Amman Stock Exchange as measured by the ratio of equity to total assets, return on equity and return on assets and net earnings per share as an indicator of financial performance.The results also showed a negative significant impact on the capital structure of industrial shareholding companies listed on the Amman Stock Exchange as measured by total liabilities to total assets, return on equity and return on assets as an indicator of financial performance, and net earnings per share as an indicator of the financial performance indicators.

scholarly journals Income smoothing in banks and insurance companies and its impact on earnings per share – evidence from Jordan

2019 ◽  
Vol 14 (4) ◽  
pp. 126-132
Author(s):  
Leqaa Al-Othman
Keyword(s):  
Financial Institutions ◽  
Stock Exchange ◽  
Income Smoothing ◽  
Insurance Companies ◽  
Important Goal ◽  
Earnings Per Share ◽  
Amman Stock Exchange ◽  
Study Population ◽  
The Impact

This study aims to determine the existence of practices of income smoothing in banks and insurance companies in Jordan. Also, it focuses the to determining the impact of the income smoothing on earning per share (EPS). The study covered all the companies in the study population, which are 38 companies – 15 banks and 23 insurance companies listed on the Amman Stock Exchange (ASE). The results show that income smoothing is practiced by Jordanian banks and insurance companies. The number (and percentage) of insurance companies that practiced income smoothing is greater than the number of banks: 34.8% of insurance companies and 20% of banks practiced income smoothing. The results also clearly indicate that financial institutions, which practice smoothing, have a higher EPS compared to those that do not practice income smoothing; this also indicates that the most important goal of using income smoothing is to maintain a positive earnings level.

Corporate CAPEX and market capitalization of firms on Malawi stock exchange: an empirical study

2018 ◽  
Vol 16 (1) ◽  
pp. 108-119 ◽  
Author(s):  
Byson Beracah Majanga
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Positive Relationship ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Historical Study ◽  
Content Type ◽  
Market Capitalization ◽  
The Impact

Purpose Market capitalization of firms reflects the current value of a firm and provides a reasonable basis on mergers and acquisition bargains. Determinants of a firm’s increasing or decreasing market capitalization are multi-faceted, hence the study. The paper is about a historical study of the responsiveness of common share prices of some listed industrial companies to the firms’ investments in capital expenditure. This study aims to discuss the impact of capital expenditure on a firm’s market capitalization, with a focus on companies listed on the Malawi stock exchange (MSE). Design/methodology/approach The study reviews data collected from published annual reports for the years from 2007 to 2015. The variations in capital expenditure (CAPEX) which are termed “increase” or “decrease” were studied to establish their association with variations in stock prices before the increase or decrease, and after the increase or decrease. As stock price changes are caused by other determinants, the variables of return on capital employed (ROCE), net profit margin (NPM), asset turnover (ATO) and earnings retention ratio (ERT) were analyzed, and a respective correlation test was done against CAPEX movement over the years through panel data analysis and regression analysis to establish the correlation between the variables using XLSTAT. Findings At 95 per cent confidence level, CAPEX correlates with ROCE and NPM at 0.373 and 0.249 coefficients, respectively, and negatively with ERT at 6.45e-2. With tests favoring a positive relationship between elements of profitability and stock price, the study finds that there is a positive relationship between a firm’s CAPEXs and its future stock prices. Research limitations/implications The firm’s commitment to CAPEX has a positive impact on its stock price on the stock exchange. These findings, however, need to be interpreted with caution as the data reviewed excluded that from financial institutions, the inclusion of which may affect the outcome, and that the data are derived from a small and young stock market which may be lacking in its efficiency compared to the old and big ones the world over. Originality/value The study was undertaken based on the study of listed companies on the Malawi Stock Exchange, and the results may or may not reflect the reality on the ground in other stock exchanges.

scholarly journals Effect of Corporate Governance Rules on Voluntary Disclosure in Jordanian Corporations Listed with the Amman Stock Exchange (ASE): (An Empirical Study)

2019 ◽  
Vol 14 (1) ◽  
pp. 154-168
Author(s):  
Al-Nimer Munther
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Voluntary Disclosure ◽  
Audit Committee ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Family Ownership ◽  
Significant Positive Relationship ◽  
Amman Stock Exchange ◽  
The Board Of Directors

AbstractThis paper aims to examine the impact of corporate governance (CG) rules using several variables—size of the board of directors, size of the audit committee, family ownership ratio, and their impact on the level of the voluntary disclosure of companies listed with Amman Stock Exchange (ASE). The study was conducted based on the annual reports of the first market that include 55 firms. Content analysis was applied to collect the required data from several sectors (financial, insurance, services, and industrial sectors) from 2016 to 2017.The results indicate a negative association among family ownership ratio, size of the audit committee, and voluntary disclosure level. However, the study shows that the size of the board of directors has a significant positive relationship with the level of voluntary disclosure. Furthermore, the results show that CG rules (size of the board of directors, size of the audit committee, and family ownership ratio) have a significant positive relationship with the voluntary disclosure level of the companies listed with ASE. In the borderline market environment, the study contributes to a theoretical understanding of the corporate governance of voluntary disclosure and the relationship between corporate governance mechanisms and voluntary disclosure. The outcomes provide empirical support for the theoretical notion that effective corporate governance plays an important role in increasing the extent of voluntary disclosure.

scholarly journals Factors affecting labor productivity: Evidence in listed companies in Vietnam

2022 ◽  
Author(s):  
Le Thanh Tung
Keyword(s):  
Labor Productivity ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Listed Companies ◽  
Factors Affecting ◽  
The Impact

This study aims to deeply clarify the impact of some factors on labor productivity with the sample of 244 companies which listed on the Vietnam Stock Exchange in 2011-2013. Labor productivity determined in two ways: (i) the divide of revenue and the number of labor, (ii) the divide of profit after tax and the number of labor. Results showed that wage and company age have a positive relationship (helpful impact) to increase the labor productivity. However, the results also indicated that the number of employees has a negative relationship (harmful impact) to decrease the labor productivity of the companies during the study period.

scholarly journals Impact of Market Ratios on the Stock Prices: Evidence from Jordan

2020 ◽  
Vol 13 (4) ◽  
pp. 92
Author(s):  
Sufian Radwan Al-Manaseer
Keyword(s):  
Regression Analysis ◽  
Stock Prices ◽  
Stock Exchange ◽  
Dividend Yield ◽  
Dividend Payout ◽  
Industrial Companies ◽  
Earnings Per Share ◽  
Amman Stock Exchange ◽  
Effect Regression ◽  
The Impact

This study aims to investigate the impact of market ratios on the stock prices of Jordanian industrial companies listed on the Amman Stock Exchange for the period 2009-2018. The sample comprises 45 chosen from 56 industrial companies. Fixed effect regression analysis applied by using an e-views program. The study found an impact of the combined market ratios on the stock prices of Jordanian industrial companies. Also, the study found no impact of the dividend payout, the dividend yield, and the price-earnings ratios on the stock prices, whereas the earnings per share ratio impact the stock prices of Jordanian industrial companies listed on the Amman Stock Exchange.

scholarly journals The Impact of Managerial Entrenchment Indicators on Cash Holding Adjustments: Stock Exchange Firms

2019 ◽  
Vol 11 (1) ◽  
pp. 291
Author(s):  
Zahra Hashemi Oskouei ◽  
Zeynab Aminifard
Keyword(s):  
Positive Relationship ◽  
Stock Exchange ◽  
Multiple Linear Regression Model ◽  
Investment Risk ◽  
Cash Holding ◽  
Significant Positive Relationship ◽  
Managerial Entrenchment ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

This paper investigates the relationship between the managerial entrenchment and cash holding adjustments for a sample of 140 firms listed in the Tehran Stock Exchange (TSE) during 2011 to 2016. To measure the managerial entrenchment, four indicators of manager's duality, management reward, dividends, and over-investment risk were employed. A multiple linear regression model was used in order to test the hypotheses of the research. The results indicate that when management rewards were used to measure the managerial entrenchment, there is a significant positive relationship between the management rewards and cash holding adjustments. Also, there is a significant positive relationship between the over- investment risk and cash holding adjustments. Cash holding speed was found to have a significant positive effect on the relationship between dividend (managerial entrenchment) and cash holding adjustments. These results suggest a significant positive relationship between the managerial entrenchment and cash holding adjustments.

scholarly journals The Impact of Intellectual Capital Performance on the Profitability of Companies: Evidence from Tehran Stock Exchange

2015 ◽  
Vol 61 ◽  
pp. 129-137
Author(s):  
Shaban Mohammadi
Keyword(s):  
Intellectual Capital ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Physical Capital ◽  
Multivariate Regression Analysis ◽  
Net Income ◽  
Return On Equity ◽  
Structural Capital ◽  
Capital Efficiency ◽  
The Impact

The aim of this study was to test the relationship between intellectual capital efficiency and profitability is. In this context, the performance of companies using intellectual capital, intellectual capital developed Pulic value is calculated. The impact on corporate profitability (net income, return on equity, return on assets and earnings per share) using panel data regression was assessed. Four years of data (2007-2010) Tehran Stock Exchange 100 member companies (458 companies - years) from they sometimes provide audited financial forms were obtained to calculate human capital, structural capital and physical capital was used. Evidence shows the state if the intellectual capital calculation, positive relationship with the company's profitability. The findings of multivariate regression analysis showed a significant role in explaining each of the components of intellectual capital to profitable companies. In particular, structural capital, intellectual capital as a key part, has had the greatest impact on profitability. Physical capital has a positive relationship with all four indicators of profitability is optional. The results will help to understand the role of intellectual capital to create value in companies and special incentives that intellectual capital Profitability impact is detected.

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