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 443
- Downloads 33
BANK CONCENTRATION AND ENTERPRISE BORROWING COST RISK: EVIDENCE FROM ASIAN MARKETS
Based on data from nine Asian markets, this study investigates the relationship between bank concentration and the borrowing cost risk of firms. Over the study period, the concentration of banks increased in the develope...
INVESTOR’S LEGITIMATE EXPECTATIONS AND THE INTERESTS OF THE HOST STATE IN FOREIGN INVESTMENT
Protection of investor?s legitimate expectations is one of the commitments that international investment law impose on host states. Though this commitment is not stated directly in treaty texts, but arbitration case law...
IMPACT OF FIRM'S CHARACTERISTICS ON STOCK RETURN: A CASE OF NON-FINANCIAL LISTED COMPANIES IN PAKISTAN
The unique characteristics of the firms have some power to predict the expected returns. This study was conducted with an attempt to bridge the gap in the literature by offering empirical evidence about firm’s characteri...
MAINTAINING ORDER IN THE MICROFINANCE SECTOR IN GHANA
This study examines the processes of maintaining order in the microfinance sector, particularly, the processes of resolving disputes, the types and causes of disputes that arise between microfinance institutions, their c...
EXISTENCE AND NATURE OF AUDIT EXPECTATION GAP: NIGERIAN PERSPECTIVE
The audit expectation gap is critical to the auditing profession because the greater the unfulfilled expectation from the public, the lower the credibility earning potential and prestige associated with the work of audit...