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The main aim of the study is to provide empirical evidence about the association between stock market exchange data and weighted price index. This research utilized monthly reported data from the Amman stock exchange market (ASE) and the Central Bank of Jordan (CBJ). The weighted price index was employed as the dependent variable and the independen...
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As an export-oriented economy, Taiwan’s export income can be easily influenced by internal and international economic factors, including the industrial production index (IPI) and the exchange rate. With China being Taiwan’s largest recipient, Taiwan’s export income from China is extremely important to Taiwan’s economy. Therefore, this research inve...
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... The same result was established by Li (2015), who conveyed that conservatism has a constructive impact on cash flow that is reflected in profitability ratios such as ROA, ROE and EPS. Equal results were exposed by the researchers (Aladwan et al., 2021;Ahmed and Duellman, 2011), who provided empirical evidence for the association amongst conservatism practices and cash flows, financial performance and market value. Based on such stated results, the first main hypothesis is: H1: There is no substantial linkage between conservative accounting and financial adequacy. ...
The current study aims to verify the influence of the practices of conservative accounting on financial adequacy measured by four measures, namely the return on assets (ROA), return on equity (ROE), earnings per share (EPS) and Tobin's Q expressed by price to book value (P-BV). The study model was adapted to include corporate governance variables as moderating variables on the relationship between accounting conservatism and financial adequacy; four governance mechanisms were engaged. The study is distinguished by its incorporation of conservative accounting into corporate governance. Data was collected about Jordanian-listed industrial companies from 2012-2020. The methodology employed statistical methods such as correlation and multiple regression tests in order to convey assumed correlations. The results of the study provided conclusive empirical evidence for the positive statistical impact of accounting conservatism on return on assets, return on equity and earnings per share, while the results failed to ascertain any effect of accounting conservatism on the market value measured by price to book value. The results of the study also did not advocate any evidence for the moderating role of corporate governance on the relationship between conservative accounting and financial adequacy.
... Results from other sources (e.g, Susanto, 2017;Chidoko and Mashavira, 2014;Okour, 2016;Aladwan et al., 2021) also revealed a strong correlation between controls of AIS and corporate governance with valuable financial information. Further, they convey that, if business stress on achievement of the preferred profitability, principals have to establish an a strong, integrated, coherent and effective accounting information system; this conclusion also supported by the Over the past three decades' adequate number of former studies on the same theme have showed that companies in general adopts the information system and in particular accounting system for several purposes. ...
Purpose: This study aims to verify the impact for the solidity of accounting information system components on the knowledge robustness of accounting financial reports. the study anticipated to shed light and contribute to the ability of the interdependence, integration and homogeneity of the AIS components for providing financial reports enclose a useful knowledge for decision makers. Theoretical framework: The great development in the business environment and the need for complete, appropriate and transparent accounting knowledge and information to make various investment decisions, this need has become urgent to provide accurate and complete set of accounting reports through proficient accounting information systems. Design/methodology/approach: The study follows a quantitative research methodology by constructing a well-structured electronic questionnaire to survey 280 personnel from 70 Jordanian financial sector companies. The collected responses from sample then analyzed by arithmetic mean, simple and multiple regression to validate a set of predetermined hypotheses. Findings: The study results confirmed the availability for the six main elements of AIS in financial sector; knowledge robustness in financial reporting was also obtainable if AIS components are efficient The study also concluded that there is a single positive effect for each component of the accounting information system on the quality and coherence of financial reports. The results also affirmed the joint positive impact of all components of AIS on the knowledge robustness on financial reports. Research, Practical & Social implications: The study conveyed several contributions to AIS literature; it revealed that proper information system fundamentals supports the financial knowledge of decision makers to conduct decisions. performance enhancement can be accomplished strengthening the accounting information system. AIS increases the transparency and reliability of reported outcomes and thus reduces the future uncertainties and risks. The availability for complete set AIS fundamentals empower the communication level among company divisions and facilitate the accessibility for data necessary for work. Originality/value: The value of the study is stemed from its topic which is considered from the few topics that conducted on this area in our middle east region and particularly Jordan; moreover, this study deeply examines the accounting information system availability and its status from the viewpoints of many professionals.
... The study also found that an evidence of unidirectional causality flow running from price to volume in China stock market. Aladwan et al (2021) studied the association between stock market exchange data and weighted price index in the Amman stock exchange market (ASE). The study indicates that market-weighted price index has strong and positive correlation with turnover ratio, price-earnings ratio, and dividend yield in the Exchange. ...
This study tests the applicability of the law of demand in the Nigerian capital market by analyzing annual time series data between 1985 and 2020. We specifically evaluated the nexus between price and quantity (unit) of securities demanded in the Nigerian stock market by applying Toda-Yamamoto Granger causality technique and Vector Autoregression (VAR) model. The study is based on ex-post facto research design. The annual time series data used in the study were obtained from Central Bank of Nigeria (2020)'s statistical bulletin. From the VAR analysis, we found that stock price exerts positive and significant effect on the quantity of securities traded in the Nigerian capital market. However, quantity of securities demanded is negatively signed but not a significant predictor of prices of securities demanded in the Nigerian capital market. Also found in this study is a unidirectional causality flow from price to quantity demanded in the Nigerian Stock Exchange. It can therefore be asserted that there is a short-run unidirectional causality flowing from price to quantity of securities traded in the Nigerian capital market. Going by the positive coefficient of price (26.91891), our finding is not in tandem with the law of demand which states that there is an inverse relationship between price and quantity demanded. Rather than inverse relationship, this study provides evidence of a direct (positive) association between price and quantity demanded in the Nigerian capital market. In other words, the higher the price, the more the quantity of securities demanded in the Nigerian capital market, suggesting a situation of abnormal demand.
The study aimed to analyze the performance of the Palestine Stock Exchange and its role in attracting foreign investments. The study used the descriptive and analytical approach. The study reached a set of recommendations, the most important of which is the necessity to provide the investment environment by providing the legislative, economic, legal, and security environments, such as the companies' law, competition, etc. As well as providing sound economic and financial policies to achieve long-term development by encouraging and motivating companies that not listed on the Palestine Stock Exchange to list their shares. That is to increase market depth and enhance its confidence although the law forces them to do so. The study also found a slight development in its performance despite achieving high returns, as the profitability rate was recorded at 300% in the year 2009, and the market value and trading volume increased by more than 45%. As for the Jerusalem index, it has witnessed an increase since 2004. It fluctuated slightly after 2004.
