سعت هذه الدراسة إلى معرفة ما إذا كان هنالك أية علاقة مهمة بين حجم تداول أسهم الشركات السورية المدرجة في سوق دمشق للأوراق المالية و بين تقلبات عوائد الأسهم الشهرية في تلك السوق، خلال الفترة 1-1-2010 و لغاية 31-8-2014، و إلى معرفة نوع تلك العلاقة (طردية أم عكسية)، لإعطائها الوزن الملائم لها عند محاولة تفسير تقلبات حجم تداول الأسهم في سوق دمشق للأوراق المالية، أو عند التنبؤ بها. و لدى استخدام أسلوب تحليل الانحدار غير الخطي GARCH(1,1)، لمعالجة البيانات المتعلقة بعائد الأسهم في سوق دمشق للأوراق المالية، تبين أن العلاقة بين حجم تداول الأسهم و تقلبات عوائد الأسهم غير مهمة إحصائياً، و لهذا فلا مبرر لأخذ مخاطر تقلبات عوائد الأسهم بعين الاعتبار كعامل مهم عند محاولة تفسير أسباب تقلبات حجم التداول للسوق أو عند التنبؤ بها.
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 the 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.
References used
ASAI, M. The Relationship between Stock Return Volatility and Trading Volume: The case of The Philippines.working paper, 2007, 1-21
GUOHUA, M. Three Essays On Trading Volume. Phd, University Of Cincinnati, Ohio, 2007, 50
LOUHICHI, W. What Drives The Volume-Volatility Relationship On Euronext Paris?.Working Paper, 2011, 1-15
This study sought to investigate the effect of price limits on the
volatility of stock returns on the Damascus Stock Exchange. Where
the study period divided into two periods the first test period
3/3/2009 and until 23/6/2011, the second test period 13/2/2011 until
30/3/2017. Using the model (1,1) GARCH.
The stock market conditions are a mirror reflecting the general
economic situation in the country ,and the stability of these markets
measure of the general economic policy of the country of success
,and then be trying to understand the fluctuatio
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
This study aimed to test the effect of fluctuations in the exchange rates of the Syrian pound on the values of the shares of the 22 joint stock companies listed in the Damascus Securities Exchange. The four main currencies that make up the basket of
The aim of this study investigate the effect of financial leverage on
profitability, measured by the rate of return on assets and the rate of
return on equity, as well as the effect of the financial leverage on
liquidity measured by both the trading rate and the cash flow rate of
operating activities.