The Impact of Earnings Management Practices on the Market Value of Industrial Companies Listed on the Amman Stock Exchange: Evidence from Jordan

Malahim, Sari Sulaiman; Hamour, Aiman Mahmoud Abu; Al-Zoubi, Waleed Kalf; Hyasat, Eyad; Maharmah, Mashhour Hathloul; AlAli, Shireen Mahmoud

doi:10.37394/23207.2022.19.145

Cited by 2 publications

(1 citation statement)

References 15 publications

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“…Investments generally consist of domestic investments (DI) and foreign investments (FI), which in turn are divided into foreign direct investment (FDI) and indirect foreign investments. As a result of the increasing integration of markets in the global economy in the past few decades, these investments have become the milestone for such integration adding more challenges for economic and political decision-makers in different countries (Malahim et al,2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Does The Foreign Direct Investment Affect Economic Growth in Jordan in Light of Commercial Openness

Maharmah

2023

J. Professional Business Review

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Purpose: This paper aims to examine the effect of foreign direct investment on economic growth in Jordan in light of the trade openness, during the period from 1999 to 2019. Theoretical Framework: This paper discusses how Jordan, as a developing country, has worked over the years to attract foreign investment by creating an environment of incentives, benefits, and legislation that encourages such investments; taking advantage of low local labor wages, high administrative costs, and great commercial openness. Design/methodology/approach: To achieve the objectives of the study and to construct the statistical model the study used analytical methodology. The following statistical methods were applied; Hausman, Wald Test, F-Test Statistic, Granger, Multicollinearity test, Normality Test, Lagrange Test, Multiplier Test, and Causality Test. Findings: After conducting the analysis tests, the results showed a statistically significant impact of open trade direct investment on economic growth, Moreover, findings showed a positive impact on the degree of economic growth, whenever the degree of trade openness and the flow of foreign investment increase. Research, Practical & Social implications: The independent variables in the study model were measured by the ratio of foreign direct investment from the nominal GDP. The variable (the degree of trade openness) was expressed as the ratio of exports and imports to trade volume. The generalized Method of Moments (GMM) was used in this study. Originality/value: In light of Jordan's extensive commercial openness, This investigation looked at the impact of FDI on economic expansion. The study's findings are in line with theoretical research and other studies that hold that a country's level of economic growth is not adversely affected by significant trade openness because foreign investments are not less effective.

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Section: Literature Reviewmentioning

confidence: 99%

Does The Foreign Direct Investment Affect Economic Growth in Jordan in Light of Commercial Openness

Maharmah

2023

J. Professional Business Review

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Investment Decision and Firm Value: Moderating Effects of Corporate Social Responsibility and Profitability of Non-Financial Sector Companies on the Indonesia Stock Exchange

Suteja

Gunardi

Alghifari

et al. 2023

JRFM

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This study focused on increasing firm value through CSR- and profitability-moderated investment decisions in emerging markets. A panel data analysis method was used for this study with a total of 215 observations of non-financial sector companies on the Indonesian Stock Exchange from 2018 to 2020. The results of the Chow test and the Hausman test showed that the fixed effect model with GLS was the most feasible. The model showed that there was a negative effect of investment decisions on firm value and the role of CSR and profitability strengthened this effect. Based on the results of the robustness check, the research model remained consistent with the results of previous studies. Investment decisions have a negative effect on firm value, and CSR and profitability moderate this effect, either when using other control variables or when using a different estimation model, which in this case was quantile regression. Our findings provide an understanding of the fact that investment decisions are important financial decisions for companies and that they can be controlled through good fund management and risk management.

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The Impact of Earnings Management Practices on the Market Value of Industrial Companies Listed on the Amman Stock Exchange: Evidence from Jordan

Cited by 2 publications

References 15 publications

Does The Foreign Direct Investment Affect Economic Growth in Jordan in Light of Commercial Openness

Does The Foreign Direct Investment Affect Economic Growth in Jordan in Light of Commercial Openness

Investment Decision and Firm Value: Moderating Effects of Corporate Social Responsibility and Profitability of Non-Financial Sector Companies on the Indonesia Stock Exchange

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