The Effects of Accounting and Market Indicators towards Stock Return of Amman Stock Exchange Index Constituents
Journal Title: Journal of Economics, Finance and Management Studies - Year 2021, Vol 4, Issue 10
Abstract
The returns of ASE companies and share trading have significantly weakened. Numerous companies have been liquidated due to bankruptcy. Investors appear to be less able to find desired investments under these critical conditions. In addition, the investors in Amman Stock Exchange face challenges in determining the accounting and market indicators that affect the stock return. Therefore, this study investigates the effect of twelve accounting and market indicators on the stock return. A yearly data of indicators and company stock price are collected from the ASE website. Panel generalised least squares regression analysis (GLS) has been conducted to accomplish the research objective. Out of twelve accounting and market indicators, the study revealed the TOA had the highest significantly positive effect on stock return. ROA, EPS, STR, and PBV also had a significant positive influence on stock return. In addition, DR had a significantly negative impact on stock return, while the effect of BPS was marginally negative. Besides, MC, ROE, NPM, CR, and PER did not affect the stock return. This study could help investors and portfolio managers to identify the indicators that affect stock returns of ASE Index companies. Further studies in other emerging markets will support the results that came out in this study.
Authors and Affiliations
Ahmad Abdallah Ahmed Alswalmeh, Nuradli Ridzwan Shah Bin Mohd Dali, Areen Zuhair Alta’ani
The Influence of Work Discipline and Motivation on Employee Performance with Career Development as an Intervening Variable
This research was conducted to measure the influence of work motivation and discipline on employee performance with career development as an intervening variable at Bank Mandiri Bogor. The sample studied consisted of 115...
Mechanism Effect Corporate Governance and Characteristics Company on Disclosure Intellectual Capital on Registered Pharmaceutical Companies on the Indonesia Stock Exchange
The purpose of this study was to analyze the effect of the mechanism corporate governance and company characteristics to disclosure intellectual capital in pharmaceutical companies listed on the Indonesia Stock Exchange...
SMM as a Tool to Promote Products and Services in the Modern Economy through the Internet
This article discusses the concept of SMM as a tool for promotion and marketing of goods and services in the economy to the market. It also highlighted the main advantages and disadvantages of SMM - promotion. Described...
The Implementation of Good Corporate Governance in BUMD Institutions
This study talks about how many Regional-Own Enterprises (BUMD) there are in the Indonesian economy. In this study, we look at the institutional aspects of BUMD, how BUMD helps the local economy, and how Good Corporate G...
The Role of Emotional, Spiritual, and Social Intelligence on Entrepreneurship Intention of Informatics and Computer Students: Self-Leadership as a Mediating Variable
Background: Entrepreneurship plays a strategic role in increasing a country's economic growth and can also provide new jobs so that it can reduce the number of unemployed. Objective: To reveal the effect of emotional int...