INTANGIBLE ASSETS AND STOCK PRICES OF JORDANIAN COMPANIES: AN EMPIRICAL ANALYSIS
Journal Title: European Journal of Business and Social Sciences - Year 2013, Vol 2, Issue 9
Abstract
The paper is devoted to the question of Valuation of Intangible Assets (IA) of the companies of Jordan and its role in the value creation. The main research objective is to define the impact of fundamental value of both tangible and intangible assets of a company on market value of its assets. As a general approach, the method based on residual operating income (REOI) model as a variant of fundamental value of equity model is used herein for IA evaluation. Developed econometric model is tested on the data of Jordanian companies which are listed on Amman Stock Exchange respectively. In the focus of the research there is both the analysis of the sampled companies as a whole as well as divided into three aggregated sectors: Financial sector, Services sector and Industrial sector. The main directions for further research in this field are outlined.
Authors and Affiliations
Dr. Abdelwahab Salameh Al Matarneh| Assistant Professor, Accounting Department. Zarqa University – Jordan . E-mail: wahabmata@yahoo.com, Hajam Aabid Bashir| Department of Commerce, Aligarh Muslim University, Aligarh,India 202002 E-mail: Sam19amu@gmail.com
Keywords
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