STOCK LIQUIDITY DETERMINATION EVIDENCE FROM AMMAN STOCK EXCHANGE
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 12
Abstract
This study aims to investigate and examine the factors affecting stocks liquidity by using data of 100 share holding companies that represent Amman Stock Exchange (ASE) index in the recent period from 2011 to 2013. The result of fixed effects regression model indicates that firm?s size and earnings per share (EPS) have a significant positive impact on stock liquidity proxies. While firm?s profitability have a significant negative impact. On the other hand, the results indicate a non significant statistical effect of stock dividends and firm?s leverage ratio. Based on the study?s results we recommend that it is better for investors and stock market authority to consider these variables in stock liquidity forecasts.
Authors and Affiliations
Khaled Lafi Alnaif*| Associate prof. Al-Balqa Applied University, Zarqa College, Jordan
Keywords
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