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.
This study aims at testing the impact of financing structure (financial leverage) on the performance of listed companies in Damascus Security Exchange, according to accounting performance measures namely: Earning Per Share (EPS); Dividends Per Share
(DPS); Stock book Value (BV); Stock Market Value (MV); Return on Assets (ROA); and Return on Equity (ROE). By focusing on two time series: the first series before the current crisis (2007-2011); and the second series during the crisis (2012-2016). In order to analyze and test the hypothesis, the researcher used two models: the static model (Panel data analysis); and the dynamic model (Distributed lag model). The results show that the financing structure (debt ratio) has a positive and significant impact on the return on assets; and the return on equity, and this impact extends for several years later. Finally, no evidence has been provided by the study about the impact of the financing structure on earnings per share; dividends per share; book value per share; and market value per share, as measures of financial performance of the Syrian listed firms.
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 financial markets play an important role in the economies of the developing and
undeveloped countries likewise. As they are ones of the financial political tools are
used in filling the local savings and an attractive instrument for the foreign
investments in addition to its active role in financing the growing economic plans.
The study aimed to test the effect of changing exchange rate of the Syrian pound
against the dollar on the shares of joint stock companies listed on the Damascus
Securities Exchange, the study covered the monthly data for the period extending
from July 2011 until November 2015.
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 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 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.
The study addressed the investments of insurance companies listed
market Damascus Securities Exchange, and its impact on the
performance of the market to know how much they contribute to the
improvement of Damascus Securities Exchange performance
through the study of the relationship between the size of the
investment represented by turnover of the shares of insurance
companies listed in Damascus Securities Exchange and Index
Damascus Securities Exchange, During the period 1-1-2010 until 31-
12-2014 in order to improve and raise the level of the insurance
sector as an important investment sectors in the national economy.
This study sought to find out whether there is any significant relationship between
the in trading volume shares of Syrian companies listed in the Damascus market Securities
Exchange, and Volatility of stock returns monthly in that market, during t
he period 1-1-
2010 till 31-8-2014, and to discover what kind of that relationship (positive or negative
correlation) in order to give appropriate weight to them for interpreting fluctuations in the
volume of trading in the stock Damascus market Securities Exchange, or for predicting.
When using the method of Nonlinear regression analysis method GARCH(1,1) to process
the data related to Return on the stock in DSE we found that the relationship between the
trading volume shares and volatility of stock returns wasn't statistically significant. This
volatility in stock returns mustn't be taken into account as an important factor when trying
to explain the reasons for fluctuations in trading volume market or when predicting.
