evidence from the listed saudi nonfinancial companies

... provide answers to the above research questions, we used the annual reports of companies listed on the Saudi Stock Exchange By the end of 1999, 91 companies were listed on the Saudi Stock Exchange, ... the following tables are extracted from the 1999 annual reports of the sampled companies a The mean represents the average disclosure of items by the sampled companies K Naser, R Nuseibeh / The ... financial analysts The disclosure index was then weighted by the mean and the median of the users’ ranking of the importance of each of the items that made the index Due to variations in the importance...

Ngày tải lên: 06/01/2015, 19:49

... The first study investigates the market response to the announcement of the new policy and the magnitude of abnormal returns surrounding the announcement date The study then investigates whether ... Glance o f the Market The first Saudi joint stock company, the Arab Automobile Company, was established in the mid 1930’s There were about 14 stock companies in 1975 In the late 1970’s, the number ... respective company The certificate was issued by the joint stock companies When a trade was agreed upon by the buyer and the seller, they or their representatives went to the company in which the shares...

Ngày tải lên: 30/09/2015, 16:34

... contrast, Vu (2003) analyzed companies listed the main stock exchange Although they are far less numerous than unlisted companies (most of the latter are SMEs), listed companies account for a larger ... state-controlled companies and others which will be named non state controlled companies The data only available when that company was listed, so we can take all the data for 96 companies in 2011, but the companies ... state-controlled listed companies maintained the privilege to borrow easily from the state-controlled banks, even after they were formally privatized and listed on the stock markets With the different...

Ngày tải lên: 06/04/2017, 16:13

... insights into the environmental legal regulation in Vietnam and the impacts they have on the industry I.1 Research questions The thesis aims to answer the following questions, from the macro level ... situation for the environment but further research is needed The thesis is inspired by the idea of further research on the linkages that should be made on the industry specific basis rather than ... increasing the production cost The Porter hypothesis represents that benefits from the compliance with environmental regulation will offset the cost through the technological changes and thereby...

Ngày tải lên: 24/08/2013, 18:48

... relation of the samples and country rocks and also on the thermal history in which the rock itself experienced All other radioactive dating methods applied for any mineral extracted from the first ... contamination with the mantle materials The model age TDM=1880 m.y calculated from the isochron suggested that the provenance of metamorphic rocks of Con Voi range might derive from the Proterozoic ... parageneses had the same direction The different criteria of shears recorded by the minerals of the first paragenesis indicated a left 71 lateral motion The secondary minerals crystallized within the pressure...

Ngày tải lên: 13/02/2014, 12:20

... reconstruct the surprise change in the target is to look at the difference between the average funds rate and the spot month rate on the day prior to the change, scaled up to reflect the number ... ms , τ The surprise computed in this way, therefore, is equal to the “true” surprise, plus the average targeting errors made later in the month, minus the scaled-up premium The first of these may ... change too much from one day to the next The only contamination is the day τ targeting error, and the revision in the expectation of future targeting errors.5 The expected component of the change...

Ngày tải lên: 06/03/2014, 02:21

... pattern: the recovery from the Great Contraction in the 1930s; the recovery after the recession of the early 1990s and the present recovery The present recovery is strikingly more tepid than the 1990s ... pattern: the recovery from the Great Contraction in the 1930s; the recovery after the recession of the early 1990s and the present recovery The present recovery is strikingly more tepid than the 1990s ... shows the quarterly path of GDP from the preceding peak to the trough of each business cycle and then the quarterly path of GDP from the trough for the same number of quarters that occurred in the...

Ngày tải lên: 06/03/2014, 19:20

... liquidity between the CDS and the bond Specifically, the degree of liquidity in the CDS market is proxied by the bid-ask spread of the CDS premium The higher this spread is, the lower the degree of ... leveraged positions The operations of the ECB seem to impair the informational content of bond prices as they relate to the actual credit risk of these assets The remainder of the paper is organised ... since the inception of the EMU.4 Our aim, however, is not to study the determinants of the CDS or the bond spread, but, rather, the determinants of the basis to test whether both markets reflect...

Ngày tải lên: 15/03/2014, 07:20

... Although the predicted aminoacid sequence had similarity with the sequences of mammalian TGase, the length of the cDNA was smaller than the length deduced from the molecular size of the purified ... after the last immunization, blood was collected from the heart For expression of the full-length cDNA in E coli, the same system was used except for the vector PCR was performed to insert the ... sequence determined from the CNBr fragment The asterisk indicates the stop codon Three amino acid residues of the catalytic triad are boxed The single and double lines indicate the putative Ca2+-...

Ngày tải lên: 17/03/2014, 23:20

... directly from the author IZA Discussion Paper No 5558 March 2011 ABSTRACT Wars and Child Health: Evidence from the Eritrean-Ethiopian Conflict* This is the first paper using household survey data from ... exposure to the war) and temporal (within a given region, the timing of whether a child was born during the war period) These variables are binary and indicate whether a child was born before the war ... regions would have been similar in the absence of the war Equation assumes that, apart from the war, there are no other events that might have coincided with the war and independently affected...

Ngày tải lên: 22/03/2014, 09:20

... that the main determinants of net interest margins are bank-specific factors, whereas others claim that the industry-specific factors are more important On the other hand, others believe that the ... reason, they doubted the effect of the lending channel Conversely, Kashyap and Stein (1995, 2000) provide evidence that this hypothesis does not hold if asymmetric information about the value of the ... Standard error in parentheses *** Significantly different from zero at the 1% level ** Significantly different from zero at the 5% level * Significantly different from zero at the 10% level 0.003...

Ngày tải lên: 22/03/2014, 17:20

... -11.7* * The mean and standard deviation correspond to the sample values The numbers in the parentheses stand for the t-ratios The Sharpe ratio is calculated by diving the sample mean by the sample ... stands for the Durbin-Watson statistic The numbers in the parentheses below the point estimates stand for the t-ratios Adj R2 stands for the adjusted coefficient of determination The hypotheses tests ... portfolios In other words, the analysis on the one hand has the drawback that noise is not 'averaged out', but on the other hand allows the evaluation of interest rate risk on the micro level...

Ngày tải lên: 22/03/2014, 17:20

... to weaken the connections between the macroeconomic environment in the run-up to the crisis and the likelihood of subsequent bank failure These hypotheses are taken to the data in the next sections ... declining trend in the pre-crisis period, which reverts from 2007 for the Domestic banks, and from 2008 for the Global banks In the latter group, there is a sudden drop at the peak of the crisis, followed ... places the paper in the context of the literature Section III presents the dataset, discusses the criteria for the partition of the sample, and describes some stylized facts on the evolution of...

Ngày tải lên: 22/03/2014, 21:20

... of the SGP would be a “stupid” avenue, there is no evidence of significant reactions from the markets Indeed, the markets may have interpreted the announcement as not raising the risk of the ... for the specific regulations of the Pact and the decisions taken by the Council varies considerably The main reason for diverging assessments of the virtues of the Stability and Growth Pact is the ... confirmed their commitment to their fiscal target.8 The embarrassment of the “sinners” resulting from the public debate of the issue had been an effective mechanism to enforce commitment to the European...

Ngày tải lên: 22/03/2014, 23:20

... factors go into the construction of the index, the number of firms in the industry and each firm’s market share The fewer the number of firms in the industry the easier it is for them to coordinate ... to support the hypothesis that interest rate spreads are positively related to market power That is, the more concentrated the banking industry (i.e the less competitive) the higher the banks’ ... uses the Herfindahl–Hirschman index (HHI) as the measure of market power in the banking system in each of the ECCU countries both at the aggregate level and for the foreign and indigenous banks The...

Ngày tải lên: 22/03/2014, 23:20

... models are then left with the simpler task of explaining the change in pollution from the upstream point to the downstream point as a function of the characteristics of counties in between the two ... after the 1994 elections Thus the distance of the upstream station B to the nearest exiting border decreased from BD to BC, and the number of border crossings for the segment BF increased from ... following the passage of the Clean Water Act She uses variation in the time at which states were authorized to enforce the Clean Water Act within their boundaries in order to determine the impact of the...

Ngày tải lên: 29/03/2014, 14:20

... pocket from the surrounding solvent The iron is thus converted to the ferric met-form, and the water molecule or the hydroxyl ion remains bound to the Fe(III) at the sixth Ó FEBS 2002 The a1b1 ... can enter the heme pocket from the surrounding solvent The latter case may be in the b chains of the HbO2 tetramer To investigate more exactly the effect of the a1b1 or a2b2 contact on the stability ... passed through the column with the same bu€er To elute out the major peak of the hybrid tetramer, the bu€er was changed to 50 mM Hepes (pH 7.9) at the point indicated by the ®rst arrow The unassociated...

Ngày tải lên: 31/03/2014, 15:20

... been on the rise since the 1980’s and continued throughout the 1990s The pace of change, measured by the number of mergers per year, picked up in the late 1990’s.12 From 1970 to 1979, the average ... the bias from omitted time-invariant variables, yet it does not eliminate the bias stemming from correlation between the concentration measure and the idiosyncratic errors In order to check the ... for approximately 35% of the total sales in the U.S.9 Conversely, the paperboard sector has the lowest import penetration, reflecting approximately 1% of the total sales The paper sector has imports...

Ngày tải lên: 01/04/2014, 00:20

... Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without ... permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without ... permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without...

Ngày tải lên: 03/06/2014, 01:05

... Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without ... permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without ... permission Reproduced with permission of the copyright owner Further reproduction prohibited without permission Reproduced with permission of the copyright owner Further reproduction prohibited without...

Ngày tải lên: 03/06/2014, 02:01