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Register a new userThe Impact of Credit Risk on Share Prices of Listed banks in Damascus Securities Exchange
أثر مخاطر الائتمان في أسعار أسهم المصارف المدرجة في سوق دمشق للأوراق المالية
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جمال اليوسف( باحث )
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هدفت الدراسة إلى معرفة أثر المخاطر الائتمانية المتمثلة في نسبة الديون غير المنتجة و نسبة مخصص الخسائر الائتمانية على أسعار أسهم المصارف المدرجة في سوق دمشق للأوراق المالية و تم عرض مفهوم الإئتمان و أهميته و أنواعه إضافةً إلى مفهوم المخاطر الإئتمانية و مسبباتها و في القسم العملي تم الاعتماد على عينة من ستة مصارف لفترة امتدت ما بين عام 2010 و منتصف العام 2015 و تضمنت 10 مفردات نصف سنوية. و لغايات التحليل تم استخدام نموذج الانحدار البسيط و المتعدد، و خلصت الدراسة إلى عدم وجود علاقة ذات دلالة إحصائية بين كل من نسبتي مخاطر الائتمان و أسعار الأسهم للمصارف المدرجة لضآلة حجم السوق و انخفاض كفاءتها، و انتهت الدراسة إلى مجموعة من التوصيات التي من شأنها الحد من مخاطر الائتمان و رفع كفاءة السوق.
The purpose of this study is to know the impact of credit risk on the share prices by applying in listed Syrian private banks in DSE. It was presented the concept of credit and its importance and types, addition to the concept of credit risk and its causes The study based on sample of 6 Syrian banks in the practical section . And for a period (2010-30/6/2015) included 10 semiannual periods .For analysis simple and multiple regression model was used. The evidence revealed that no relationship between unproductive debt ratio and share prices. and indicated also no relationship between credit losses reserve ratio and share prices. because of the smallness of DSE and weakness of its efficiency, On order to reducing credit risk and improve DSE performance several recommendations have been presented by the end of study.
References used
JOSEPH,C.(2006).Credit Risk Analysis portfolio Credit Mitigation,1ED.,Mc Grow-Hill, New Delhi
Siam,W and Khrawish,H,2004, The Effective Factors on Shar’s market Value of Banks listed on Amman Bours, AL-manarah, Jordan,Vol 10.No 2,PP 125-144
Koch,T.W and Scott,M.S,2005,Bank management-Analyzing bank performance, 5th Ed,Mc Graw-hill, New York
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This study aimed to search for the possibility of a relationship between liquidity ratios, administrative efficiency, and financial solvency, and the proportion of private profitability of banks listed on the Damascus Securities Exchange during the p
eriod (2009-2013).
The study to achieve these goals depending on statistical and financial analysis methods were used to analyze the data SPSS statistical program. As was calculated annual percentage changes for each of the studied descent, in addition to the average growth rate during the period studied, and that each bank of the studied and listed banks in the Damascus Securities Exchange. After making sure that the data are subject to normal distribution application Kolmogerov- Smirnov test (K-S), and thus have been studying the relationship between each of the studied ratios (liquidity, administrative efficiency, and financial solvency) and profitability to see the impact of each of these ratios on profitability, using simple regression, and then the most influential on profitability, the percentage using multiple regression.
The study concluded that between the ratio of liquidity and profitability of the privat banks is an inverse relationship, and the relationship between the ratio of administrative efficiency and profitability of the privat banks is a positive correlation, while the relationship between the ratio of financial solvency and profitability of the privat banks is a positive correlation also. Where the solvency ratio is the most influential in the the privat banks. This confirms that the nature of the work of the privat banks based on the principle of return and risk.
The study recommended that future research to expand the terms of the framework only temporal and spatial boundaries and the size of the sample, and not only the private banks, but that this study include other sectors listed in the Damascus Securities Exchange. Moreover, recommended that private banks to work to diversify its investments in addition to the mitigation of the conservative policy followed by the private banks. The study recommended maintaining the level of administrative efficiency for private banks and improved through training courses that will improve employee productivity, and reduce expenses through the assets of the bank
This study aimed to know the impact of the new information content of the independent external auditor's report on the stock prices of companies listed on the Damascus Securities Exchange, with the information it contains, which was prepared in accor
dance with the new and revised international auditing standards issued in 2015. this study included studying the content of the auditing reports published for a sample of joint stock companies listed on the Damascus securities Exchange in order to certify the results of their business for the years 2016, 2017 and 2018, and on the basis of which the companies were classified according to the content of the audit reports into three groups (companies that received reports Clean audit - companies got clean audit reports with Emphasis paragraphs - companies got conservative audit reports). then the study relied on studying the average share prices before and after the issuance of the new audit report in order to find out the investors ’reaction to the information published in the audit report, and the study concluded that there is an impact of the new informational content of the report on auditing the stock prices of companies listed on the Damascus Securities Exchange. The companies obtaining a clean audit report that affects the stock prices positively. As for the companies obtaining a conservative audit report, they affect the stock prices negatively. As for the Emphasis paragraphs, they do not affect the stock prices due to the method of reporting these paragraphs.
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
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This study aimed to examine the weak form efficiency of the
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The organization's success depends on many factors, the most
important of is the human resources one because of its
prominent role in creating a competitive organization
position, which is not only to find the same high level of
human teams for t
he best performance, but there is the
concept of transformational leadership that will be studied to
examine to which extent the departments and managements
of banks listed on the Damascus Stock Exchange of the
importance of transformational leadership style in the
performance of tasks, and improve efficiency and increase
efficiency in organizations.
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