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
Related Articles
- EP ID EP2144
- DOI -
- Views 417
- Downloads 33
IMPACT OF FINANCIAL LIBERALIZATION ON ECONOMIC GROWTH: A CASE STUDY OF PAKISTAN
We have tried to explore the link between financial liberalization index (FLI) and economic growth in Pakistan by using annual data for 1971- 2007. The Phillips Perron unit root test is utilized to verify the level of i...
DETERMINANTS OF CAPITAL STRUCTURE OF BANKS: EVIDENCE FROM SUB-SAHARA AFRICA
This study seeks to examine the determinants of capital structure of banks in Sub-Sahara Africa. This study has employed the use of panel data techniques to analyze the determinants of capital structure of banks in sub-S...
THE EFFECT OF INTEREST RATE, INFLATION RATE, GDP, ON REAL ECONOMIC GROWTH RATE IN JORDAN
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real economic growth in Jordan over the period 2000-2010. Unit root test (Augmented Dickey-Fuller test) has been...
IMPROVEMENT OF FIRM PERFORMANCE BY ACHIEVING COMPETITIVE ADVANTAGES THROUGH VERTICAL INTEGRATION IN THE APPAREL INDUSTRY OF BANGLADESH
In the manufacturing step of the global apparel value chain (GAVC) the firms face fierce competition due to availability of low cost labor and hence the opportunity to make higher profit is a tough job. According to Gere...
ASIA PACIFIC ADRS IN THE NEW MILLENNIUM: IS THERE A DIFFERENCE IN PERFORMANCE FOR ISSUES LISTED ON THE NYSE IN THE LAST TWO DECADES?
The long-term excess returns for Asia Pacific ADRs listed on the NYSE from 1990 through 2009 are tested to determine differences in performance and evidence of decade-long market timing effects. While the overall sample...