Subscribe to the gold package and get unlimited access to Shamra Academy
Register a new userThe Impact of Financial Literacy on Individuals’ Participation in the Damascus Securities Exchange
أثر المعرفة المالية على مشاركة الأفراد في سوق دمشق للأوراق المالية
1890
0 41
0
(
0
)
Added by
Tishreen University ورقة بحثية
Publication date
2016
fields
Financial
and research's language is
العربية
Created by
Shamra Editor
Ask ChatGPT about the research
تلعب مشاركة الأفراد في سوق الأوراق المالية دوراً هاماً في تنمية و تطوير السوق المالية, في غياب مشاركة فعالة و مستمرة و نشطة تفتقر السوق المالية إلى المنتجات المالية و إلى الـسيولة, كما تؤدي زيادة المشاركة إلى خلق ديناميكية التداول الفعال بيعاً و شراءً. يدرس هذا البحث أثر المعرفة المالية على مشاركة الأفراد في سوق دمشق للأوراق المالية. لتحقيق هدف البحث جمعت البيانات بالاعتماد على استبانة صممت خصيصاً لهذا الغرض, وزعت الاستبانة على عينة مكونة من (384) فرداً من التجار و الصناعيين المسجلين في غرفة تجارة دمشق و غرفة صناعة دمشق و ريفها. استُخدم برنامج الحزمة الإحصائية للعلوم الاجتماعية Statistical Package for Science المعروف اختصاراً SPSS في تحليل بيانات البحث. كما استُخدم مجموعة من الأساليب الإحصائية كالتكرارات و النسب المئوية, و اختبار كاي مربع (Chi-Square Test) لاختبار فرضيات الدراسة المتعلقة بالعلاقة بين المتغيرات الديموغرافية و المعرفة المالية, إضافةً إلى نموذج الانحدار اللوجستي ((Logistic Regression لدراسة أثر المعرفة المالية على مشاركة الأفراد في سوق دمشق للأوراق المالية. توصل البحث إلى أن المعرفة المالية للأفراد المبحوثين بعيدة جداً عن المستوى المطلوب للمشاركة في سوق دمشق للأوراق المالية، حيث أن (22.1%) فقط من أفراد العينة يمتلكون مستوى جيد من المعرفة المالية. كما توصل البحث إلى وجود أثر ذو دلالة إحصائية للمعرفة المالية على المشاركة في سوق الأوراق المالية, فزيادة مؤشر المعرفة المالية من مستوى متدنٍ إلى مستوى جيد يؤدي إلى زيادة احتمال المشاركة بمقدار (24%). أيضاً توصل البحث إلى وجود علاقة بين كل من متغيري الجنس و الدخل من جهة و المعرفة المالية من جهة أخرى, و عدم وجود علاقة بين المؤهل العلمي و المعرفة المالية.
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.
References used
ACQUAH-SAM, E.; SALAMI, K. Knowledge and Participation in Capital Market Activities: the Ghanaian Experience. International Journal of Scientific Research in Education, Vol. 6, No. 2, 2013,189-203
MEHRA, R.; PRESCOTT, E. The Equity Premium - A puzzle. Journal of Monetary Economics 15, 1985, 145-161
GUVENEN, F. Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective. Journal of Monetary Economics, Vol. 53, No. 7, 2006, 1451-1472
rate research
Read More
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.
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
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 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 i
ts 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.
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
currencies were chosen, namely the US dollar, the euro, the British pound and the Japanese yen, through which the exchange rate of the Syrian pound against the rest of the currencies is determined.
suggested questions
Log in to be able to interact and post comments
comments
Fetching comments
Sign in to be able to follow your search criteria
