Page 172 - أبحاث كلية تكنولوجيا المعلومات 2016-2020

Appendix 2020 Publications
‫ادارة الاعمال‬

JOURNAL OF CRITICAL REVIEWS
VOL 7, ISSUE 12, 2020

CORPORATE FINANCIAL PERFORMANCE EFFECT ON STOCK PRICES:
EMPIRICAL EVIDENCE FROM A SMALL MARKET: A STUDY IN AMMAN

STOCK EXCHANGE OVER THE PERIOD 2006 –2017
Abdulrahman Hashem, FadiAyoub, Saleh Zurqan, Ismail Alawamleh, Murouj

Aljamaeen
This paper aims to study the effect of corporate financial performance on stock
prices and consequently investors’ decisions. The Jordanian banks enlisted in Amman
Stock Exchange were studied over the period 2006 –2017, as their average annual
prices were linked in a multiple regression equation to the following independent
variables (financial ratios), which are: Total Assets, Return on Equity, Return on
Assets, Price-Earnings ratio, Price-to-Book ratio, Dividend per Share ratio and Debt
ratio.Multiple regression analysis was used by SPSS to test the equation and showed
that there are significant positive relationships between the average annual stock
prices and the total assets, the Price-to-Book ratio and Dividend/Share ratio,
while indicated a negative relationship with the Debt ratio. The rest of the

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