THE EFFECT OF FINANCIAL STATEMENT DISCLOSURE ON STOCK PRICES ON INDUSTRIAL SHAREHOLDING COMPANIES
Journal Title: European Journal of Business and Social Sciences - Year 2015, Vol 4, Issue 7
Abstract
This study aims to test the effect of financial statement disclosure on stock prices on industrial shareholding companies, and investigating the information content of this statement on either stock prices and (trading volumes) it is also aims to investigate the ability of investors to earn abnormal return by using these information. This study is a result to evaluate return drawing sources of information from secondary data. The behavior of stock prices is studies on the basis of daily movements. On these papers an attempt was made to analyze the stock prices of all industrial shareholding companies listed in Amman bourse using market model to estimate the normal return and the percentage change of daily stock prices to estimate the actual return. The hypothesizes of this study were examinable by using parametric tests as one-sample test and paired sample to test it was found that there was no information content to these statement on stock prices and investors couldn’t neither these information to best the market nor earning abnormal return . This study can be a source of help to industrial companies’ manager to improve either way of publishing financial statement or the information content of these statements. And it is also a source of help to investors to improve their understanding and reading of these statements.
Authors and Affiliations
Dr. Shukairi Nori Mousa| Zurqa University, Jordan eMail: Shuk_1966@yahoo.com
Keywords
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