This research studied the use of taxes in Syria as an important tool in influencing one of the variables important economic (consumption) between the years (2000-2010). These taxes and fees are used (for example) to support an increase in the consump
tion of some goods that are considered commodities and necessary, or to try to reduce the amount of consumption of luxury goods.
The Syrian legislator made during the period studied adjustments numerous tax (especially fee consumer spending) to influence the amount of the domestic consumption, for the consuming public or consuming particular. There was a major adjustment in tax rates of some of the direct taxes and the expansion of the base of goods and services that are subject to certain types of indirect taxes, and to draw them where consumer spending has spread to some of the essential commodities.
This research aims to identify the possibility of using the information of accruals (Depreciation and Provision) basis in predicting stock market returns for companies listed at Damascus Security Exchange. The study is applied on (11) companies durin
g the period from the first quarter of 2010 until the second quarter of 2014. The hypotheses are tested using approach of simple and multiple linear regression. The research conclude that the information of accruals basis can’t predict stock market returns for next period for companies listed at Damascus Security Exchange, unless the control variables are entered, Book to Market ratio, Beta & Earning to Price ratio.
Insurance companies have very huge money because of its
insurance activity, so they have to invest this money in many different
suitable channels, to save this money and increased it without any
risks.
This study was conducted to investigate the influence of
Transformational leadership on increasing the effectiveness of public
organizations, supposing that transformational leadership has a clear
impact in improving the performance of the organization as well as it
is an important and effective means to achieve success and growth
and to increase the effectiveness of organizations.
This study aims at identifying the differences between Syrian commercial public and
private banks regarding the role of client's creditworthiness criteria and their relative
importance in the credit decision-making process, in addition to recognizi
ng the
differences in empowerment between bank's branches in credit decision.
To achieve the objectives of the study, a questionnaire is designed to cover the
creditworthiness fields according to 5Cs model, which includes (Character- Capability –
Capital – Collateral- and Condition). A Descriptive approach is used where hypotheses are
tested by Independent Sample T-test from SPSS.
The results showed that all 5Cs criteria are important in the credit decision- making
process, but their importance differs among private and public commercial banks except
for the collateral, where private banks place more weight to this criterion. Both types of
banks have a high degree of centralization regarding credit decision, and restrict the power
of their branches in dealing with lending files.
This study aims to identify the factors affecting the velocity of
money in Syria during the period ( 1990-2010) based on the study
and review of the monetary theories, and the analysis of some
empirical studies that examined the velocity of money
and its
relation to macroeconomic variables. In addition to an
econometric study focused on the relationship between the
velocity of money in its narrow sense (M1) with the rate of
inflation, per capita GDP, real exchange rate, financial evolution,
interest rate and political instability, using ARDL methodology to
test joint integration.
This study aims at investigating the impact of the expansion of price
limits on the volatility of Damascus Securities Exchange, by
comparing the fluctuations of the market under three different price
limits systems, since the opening of the market
until the end of 2014.
Results of the study showed that the price limits expanding in the
Damascus Securities Exchange leads to an increase in the volatility of
stock returns. Consequently, setting narrower price limits will reduce
the volatility, and this confirms the effectiveness of the system of price
limits in reducing the volatility of Damascus Securities Exchange.
The individuals’ Participation in the Securities Exchange plays an important role in
the development of the financial market. Without the active and continuous participation,
the financial market lacks the financial products and its liquidity, and
also the increased
participation leads to the creation of effective trading dynamics of buying and selling.
This paper examines the impact of financial literacy on the individuals’ Participation
in Damascus Securities Exchange. To achieve the objective of the study, data is collected
based on a questionnaire specially designed for this purpose. And the questionnaire has
been distributed to a sample of (384) individuals from the merchants and industrialists who
are registered in the Damascus Chamber of Commerce and Damascus Chamber of
Industry. The study to analysis data depends on using a software of Statistical Package for
the Social Sciences known as SPSS. It has been used some statistical methods like
repetition and percentages in addition to Chi-Square Test to examine hypotheses
concerning the relationship between demographic variables and financial literacy, and a
model logistic regression to study the impact of financial literacy on the individuals’s
participation in the Damascus Securities Exchange
The research finds that the financial literacy of the members of the respondents is
very far from the desired level to participation in the Damascus Securities Exchange where
only (22%) of respondents have a good level of financial literacy. In addition to that, the
research highlights the presence of a statistically significant effect of financial literacy to
participate in the securities exchange; the increasing financial literacy index from a low
level to a better one leads to increase the likelihood of participation by (24%). The research
also concludes two things that there is a relationship between each of the variables of
gender, income and financial literacy, and on the other hand there is no relationship
between the educational qualification and the financial literacy.
This paper reinvestigate the Economic Value Added(EVA), as a performance
measure of the organization's ability to create value. This measure is suggested to be used
as an alternative to the traditionally indicators based on the profitability of the
se
organizations.
The paper introduce the concept of EVA, the reasons of its appearance from both
theoretically and accounting view, the positive and negative points resulting from the use
of it by reviewing the most important studies on practical experiences of this measure.
The application of this measure has been done on the companies which is listed in
the Egypt Stock Exchange, to study the relationship between this measure and share price,
and the extent of its ability to interpret the changes in the prices of shares of these
companies during the period 2011-2014.
The study concluded that there are no statistically significant differences between the
stock prices of these companies and the economic value added, and therefore the
ineffectiveness of this measure as atool to evaluate the performance of these companies
and motivate managers.
The theories of the microstructure en able us to analyze the way an equity market is
working to give us the right directions to be taken and answer the following questions:
According to which criteria can we evaluate the performance of a an exchang
e structure, in
this case, the continuous electronic system? What are its effects on the quality of a young
emerging market in terms of liquidity and informational efficiency? The objective of this
research is the empirical analysis of the role of the continuous electronic exchange system
on an emerging market. This research is elaborated around a microstructural analysis of an
equity market, which are studied in a continuous exchange system driven by orders. We
continue then with an event study applied to the Tunis Stock Exchange in order to check
the effects on the performance of the market of the microstructural changes carried out by
introducing the new continuous system NCS. This event was associated with a short-term
negative market liquidity appreciation at the announcement of the transition to the
electronic system, while the impact was positive in the medium and long term.
