The objective of this research is to test the stability of systematic risk coefficients of stocks listed on the Damascus Securities Exchange through the period (4/1/2010 – 28/10/2013), and therefore the ability to use the values of these coefficients
to calculate the required rate of return on investment in the individual stocks and portfolios.
The data related to the closed prices of stocks and market index were collected from the website of DSE, which is used to estimate the values of systematic risk (Beta). Then the researcher has tested the stability of the coefficients throughout the entire period and the three sub-periods each one consists of five yearly quarters by using the time as a variable in the regression model, and by testing the significance of the coefficient of time variable.
The results of the research show that greater than 80% of these coefficients were insignificant, that is, the higher percentage of stocks have a stable Beta, and can be used to calculate the required rate of return on investment, therefore suitable investment decisions may be made upon these results.
This research aims to test the reliability of the financial failure
prediction models most commonly used in determining the financial position of the insurance companies listed on the Damascus Securities Exchange (DSE).
To achieve the objectives of
the research has been applied models of both Altman, Sherrod and Kida insurance companies listed on the DSE, where the study included the entire research community,
consisting of six insurance companies Were subjected to the results obtained through the application of the three models to the data to insurance companies studied non parametric tests in order to ascertain whether the discrepancy results of these models are essential or not.
The results of the application of models (Sherrod, Altman and Kida)
on data insurance companies studied showed a clear contrast
between a typical Altman and Sherrod on the one hand and Kida
model on the other hand, the nonparametric statistical tests showed that the differences between the three models is significant variation spirits. The research concluded that it cannot rely on these models to determine the financial position of insurance companies studied.
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.
This study examined the factors affecting cash dividends policy of listed companies
in Damascus Securities Exchange(DSE) during year 2009 to 2013.Using the TOBIT
regression analysis, the study did not include year 2014 because the financial results
of the
meetings of their general assemblies noanunciarso far.
The study aimed to test the impact of application the principles of corporate
governance relating to administrative ownership for listed companies on Damascus
Securities Exchange, The study sample included of 24 companies spread over five sectors
banking, insurance, industry, agriculture and services during the period from 2009 to 2014,
and used multiple regression to test hypotheses. The Variables studied included market
value as measured by Tobin's Q-dependent variable and all of the ownership of CEO,
board size, ownership of the Board of Directors, the independence of the Board of
Directors as independent variables and the size of the company and the proportion of debt
and the type of sectors a secondary variables. The most significant results of the study that
listed companies in Damascus Securities Exchange abide by the rules of governance,
particularly relating to administrative ownership of them. Affecting the increased market
value of the companies, which encourages investors to invest in them.
The study aimed to evaluate the efficiency of the performance of the
brokerage firms and financial services operating in the Damascus
Securities Exchange from the point of view of investors in the market,
study sample included 150 investors, and u
sed the questionnaire to
investigate investors' opinions about brokerage firms operating in the
market and the role they play during the period from December until the
end April of 2015, where the answers were analyzed using spss program.
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 aim of current research is to determine whether the earnings
management by income smoothing approach has impact on stock
returns for companies listed at Damascus Securities Exchange. The
sample includes (14) listed companies for the period fro
m the first
quarter of 2011 until the fourth quarter of 2015. Eckel method is
used to classify companies into two groups: smoother and nonsmoother
companies.
The aims of responsibility accounting is to design an information system able to do
an effective control over performance by linking accounting reports with related managers
according to organizational structure. This paper aims to clarify the impo
rtance of using
responsibility accounting and to know to what extent Syrian listed Banks apply such
techniques. A questionnaire was designed and distributed to the sample of this paper
(accountants, internal auditors). The research concludes that listed banks have a clear
determination for responsibility centers and they prepare operational budgets and compare
actual results with it to evaluate performance and they have a comprehensive reporting and
motivation system. It recommends -amongst other- to increase coordination between
people in every responsibility center and to clarify relations between them.
This research aimed to discover the relationship between the degree of financial leverage resulting from the increase in the volume of deposits deposited by customers in the bank, and the degree of quick liquidity that the bank needs to meet its obli
gations related to the payment of interest on deposits or to meet requests for withdrawal from them or to meet borrowing requests by customers. The research relied on the descriptive analytical approach. The research community included all fourteen private banks listed on the Damascus Securities Exchange, where the necessary secondary data related to the studied banks were collected from the website of the Damascus Securities Exchange, and the research also relied on cross-sectional data analysis for the fourteen study community vocabularies during the period 2010-2018, depending on the random-effects model, which statistical tests conducted for this purpose proved to be the appropriate model among the basic models for analyzing cross-sectional time series data (fixed-effects model, random-effects model, and Pooled regression model). The research reached a set of results stating that there is an inverse and significant relationship between the ratio of financial leverage and the ratio of quick liquidity in the studied banks, which means that with the increased attractiveness of the studied banks to more deposits and the high degree of financial leverage in them, it did not work to increase the rates of quick liquidity enough to cover the liquidity risk that these banks may be exposed to, in order to achieve more profits and increase the level of profitability as one of the main objectives of the bank.
