Factors affecting the market value of commercial banks listed on the Amman Stock Exchange

Main Article Content

azhar bouaziz

Abstract

this study aimed to figure it out the factors affecting the market value of the commercial banks listed on the Amman Stock Exchange, where the study was conducted on a sample of 13 commercial banks during the period from 2005 to 2018, using panel data to study the impact of independent variables (stock turnover, return on assets, return on equity, ownership percentage, debt ratio, cash liquidity ratio, bank size and trading volume) on the dependent variable is the market value of the commercial banks under study.
The results indicated that there was a significant positive impact for each of the return on assets, the cash liquidity ratio, the bank’s size and the trading volume on the market value and a significant negative impact of the share turnover rate, the return on equity and the ownership ratio, and the study also found that there was no significant effect of the debt ratio on the market value of commercial banks.

Article Details

How to Cite
bouaziz, azhar. (2020). Factors affecting the market value of commercial banks listed on the Amman Stock Exchange. Finance and Business Economies Review, 4(3), 147–163. https://doi.org/10.58205/fber.v4i3.1375
Section
Articles

References

Badi, B. H. (2005). Econometric Analysis of Panel Data (3rd ed ed.). England: John Wiley & Sons

Ltd.

Baltagi, B. (2010). Testing for heteroskedasticity and serial correlation in a random effects panel.

Journal of Econometrics, Vol 154(No 02), 122-124.

Chashmi, N. & Fadaee, M. (2016). Impact of Financial Performance and Growth Opportunities on

Success or Failure of Companies: Evidence from Tehran Stock Exchange. Journal of Accounting &

Marketing, Vol 5(No 2), 5-2.

Gary, K. & Margaret , R. (2015). How Robust Standard Errors Expose Methodological Problems

They Do Not Fix, and What to Do About It. Journal of Political Analysis, Vol 23(No 02), 159-179.

Gujarati, D. (2004). Basic Econometics (fourth edition ed.). The McGraw−Hill.

Radhe, S. & Subash , D. (2016, Jun 11). FACTORS AFFECTING THE SHARE PRICE:

EVIDENCE FROM NEPALESE COMMERCIAL BANKS. Retrieved from SSRN:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2793469

Tabassum, C., Rabiul, H. & Sharul, I. (2019). Determinants of Stock Price of Financial Sector - A

Study on Banks and Non-Bank Financial Institutions in Bangladesh. International Journal of

Business and Technopreneurship, Vol 09(No 01), 49-56.