Ibrahim Khanji | Al-Balqa Applied University (original) (raw)
Papers by Ibrahim Khanji
International Journal of Economics, Commerce and Management, 2020
The purpose of this paper is to examine the ability of market ratios to predict stock prices of J... more The purpose of this paper is to examine the ability of market ratios to predict stock prices of Jordanian manufacturing companies. While stock prices tend to be a strong indicator of healthy economy, scholars identified financial ratios among the factors that can explain movements of stock prices. Although financial ratios depend on financial statements, market ratios in particular, have additional information related to market, therefore, this study rely on market ratios: dividend per share (DPS), earning per share (EPS), book value per share (BV), market/ book ratio (M/B), and price/earnings ratio (P/E); to predict stock prices. The data has been collected from Amman Stock Exchange (ASE), financial statements of 27 Jordanian manufacturing companies were analyzed for ten years during the period (2009-2018), multi regression methods applied to test its hypotheses. The study revealed that market ratios can significantly predict stock prices by their own, and have the ability (as combined) to explain stock prices movements in the Jordanian manufacturing companies.
The study aimed to investigate leadership styles in uncertainty conditions and its impact on orga... more The study aimed to investigate leadership styles in uncertainty conditions and its impact on organizational identification in government sector in the Hashemite Kingdom of Jordan .The study used the descriptive analytical approach, through a questionnaire that was designed in accordance with study objectives and hypotheses .The study population consisted of employees in all ministries and government institutions amounting (254442) employees ِ ِ. A stratified sample amounting (500) employees was select, 500 questionnaires were distributed to sample's subjects. The study concluded a set of findings: The results showed that the leadership democratic style is the most commonly used in government ministries and public institutions.. While transactional style was the less common one. Sample's subjects attitudes regarding organizational identification were medium Results showed that there is a medium perception among workers for importance of readiness for uncertainty, also results showed public institutions superiority ministries in of leadership styles implementation, with surpass of democratic leadership style on both. There was a significant impact of leadership styles on organizational identification. Laissez-faire, and transactional; have the most prominent impact on organizational identification; finally results indicate that uncertainty increase leadership styles ability in explaining the difference in organizational identification upon studying leadership styles collectively and individually. The study recommended that leaders need to adopt the powers authorization principle, and to empower employees to take decisions, and to involve employees in action plans preparations in order to improve their performance.
The aim of this paper is to examine the relationship between liquidity and profitability, through... more The aim of this paper is to examine the relationship between liquidity and profitability, through more than liquidity indicator. The paper main goal is to answer the following question: Do different indicators of liquidity have the same effect on profitability either negatively or positively?Liquidity indicators include current ratio and quick ratio which measure the company's ability to meet its short-term obligations, while profitability is measured by ROA and ROE.The data has been collected from ASE. Different tests applied to analyze the relationship between liquidity and profitability. This study sought to find out whether liquidity through quick ratio has significant impact on Jordanian trade services companies profitability through return on asset (ROA). The study used the 2008-2015 financial reports of 11 Jordanian trade companies listed at Amman Stock Exchange (ASE). The study revealed that there is significant impact of independent variable quick ratio on dependent variable return on asset (ROA). That means profitability through return on assets (ROA) is significantly influenced by liquidity through current and quick ratio
This study aims at investigating the effect of capital competence on the Jordanian commercial ban... more This study aims at investigating the effect of capital competence on the Jordanian commercial banks' profitably through two measurements: capital competence versus total assets and capital competence versus risk assets. In regard to profitability it has been measured through return on investment (ROA), return on Equity (ROE) and return on share (EPS). In order to achieve the objectives of the study, a statistical test is conducted through the use of linear regression coefficient and the use of SPSS. The study revealed several results, and is concluded with recommendations, which assures the effect of capital competence on the Jordanian commercial banks profitability in facing risk and enhancing liquidity in order to achieve financial solidity.
This study aims at examining the effect of cash flow on share price of the Jordanian commercial b... more This study aims at examining the effect of cash flow on share price of the Jordanian commercial banks listed in Amman stock exchange, through measuring the effect of operational, investing and financing cash flow, as individual or jointly on the share price of the Jordanian commercial banks. In order to achieve the objectives of the study a sample of twelve Jordanian commercial banks were chosen through intentional sampling approach, out of fifteen banks which constitutes the total number of the Jordanian commercial banks. These participating banks meet the requirement of the study.For the sake of the study, the analytical approach along with other necessary statistical methods have been utilized. Annual reports to obtain financial statements for the purpose of statements analysis are used too. Statistical analysis indicates several results such as: There is limited effect of operative, investment and financing cash flows on share market value of the Jordanian commercial banks (study's sample responses on items 10, 20,132). Consequently, more concern is needed in regard to cash flow behavior when conducting share price assessment.
Most of the business failure prediction studies focus on large firms. This study develops failure... more Most of the business failure prediction studies focus on large firms. This study develops failure
prediction models specifically for SMEs in the UK using financial ratios. We have shown that
financial ratios are one of the best warning signals to predict business failure, due to their
quantitative nature, simplicity, and their ability to explain and evaluate business conditions and
performance.
We use a range of financial ratios representing profitability, liquidity, activity, and leverage, and
select the most significant ratios in predicting failures. Using MDA, Logistic Analysis which are
both the most popular methods, and Neural Network as a non parametric technique, on UK data
consists of 560 SMEs (under the UK definition of SMEs, less than 250 employees, less than
£25.9m turnover and less than £12.9m total assets), over the period 2000-2007, three-year
failure prediction model has been developed for the SMEs and other two models have been
developed for small firms in one hand and for medium firms in the another. The results were
tested using a holdout sample of 187 (represents 33% of the original sample) to measure the
prediction level of the models.
For the three models, the small, the medium, and SME, the predictable variables were as
follows: the small firms’ model (profit margin, net assets turnover, creditors’ payment days, and
solvency ratio), the medium firms’ model (return on assets, net assets turnover, creditors
payment days, liquidity ratio, and solvency ratio), and finally the SMEs model (return on assets,
net assets turnover, creditors payment days, liquidity ratio, and solvency ratio). The results
show that the predictive variables in small model and medium model are almost the same,
(there
is only one more predictive variable in the medium firms’ model than the small one), and these
results show the similarity of the both firms’ characteristics as they both capture almost the
same predictive variables.
The overall accuracy of the medium model was 76%, which was a little higher than the small
70%, which show that the quality of financial data in medium firms is higher than the smaller
ones. Also there was consistency in the different methods as they have produced almost the
same predictive variables in the three models. The results show that SMEs failure prediction
model developed is capable of predicting failure with an accuracy level of 74%.
International Journal of Economics, Commerce and Management, 2020
The purpose of this paper is to examine the ability of market ratios to predict stock prices of J... more The purpose of this paper is to examine the ability of market ratios to predict stock prices of Jordanian manufacturing companies. While stock prices tend to be a strong indicator of healthy economy, scholars identified financial ratios among the factors that can explain movements of stock prices. Although financial ratios depend on financial statements, market ratios in particular, have additional information related to market, therefore, this study rely on market ratios: dividend per share (DPS), earning per share (EPS), book value per share (BV), market/ book ratio (M/B), and price/earnings ratio (P/E); to predict stock prices. The data has been collected from Amman Stock Exchange (ASE), financial statements of 27 Jordanian manufacturing companies were analyzed for ten years during the period (2009-2018), multi regression methods applied to test its hypotheses. The study revealed that market ratios can significantly predict stock prices by their own, and have the ability (as combined) to explain stock prices movements in the Jordanian manufacturing companies.
The study aimed to investigate leadership styles in uncertainty conditions and its impact on orga... more The study aimed to investigate leadership styles in uncertainty conditions and its impact on organizational identification in government sector in the Hashemite Kingdom of Jordan .The study used the descriptive analytical approach, through a questionnaire that was designed in accordance with study objectives and hypotheses .The study population consisted of employees in all ministries and government institutions amounting (254442) employees ِ ِ. A stratified sample amounting (500) employees was select, 500 questionnaires were distributed to sample's subjects. The study concluded a set of findings: The results showed that the leadership democratic style is the most commonly used in government ministries and public institutions.. While transactional style was the less common one. Sample's subjects attitudes regarding organizational identification were medium Results showed that there is a medium perception among workers for importance of readiness for uncertainty, also results showed public institutions superiority ministries in of leadership styles implementation, with surpass of democratic leadership style on both. There was a significant impact of leadership styles on organizational identification. Laissez-faire, and transactional; have the most prominent impact on organizational identification; finally results indicate that uncertainty increase leadership styles ability in explaining the difference in organizational identification upon studying leadership styles collectively and individually. The study recommended that leaders need to adopt the powers authorization principle, and to empower employees to take decisions, and to involve employees in action plans preparations in order to improve their performance.
The aim of this paper is to examine the relationship between liquidity and profitability, through... more The aim of this paper is to examine the relationship between liquidity and profitability, through more than liquidity indicator. The paper main goal is to answer the following question: Do different indicators of liquidity have the same effect on profitability either negatively or positively?Liquidity indicators include current ratio and quick ratio which measure the company's ability to meet its short-term obligations, while profitability is measured by ROA and ROE.The data has been collected from ASE. Different tests applied to analyze the relationship between liquidity and profitability. This study sought to find out whether liquidity through quick ratio has significant impact on Jordanian trade services companies profitability through return on asset (ROA). The study used the 2008-2015 financial reports of 11 Jordanian trade companies listed at Amman Stock Exchange (ASE). The study revealed that there is significant impact of independent variable quick ratio on dependent variable return on asset (ROA). That means profitability through return on assets (ROA) is significantly influenced by liquidity through current and quick ratio
This study aims at investigating the effect of capital competence on the Jordanian commercial ban... more This study aims at investigating the effect of capital competence on the Jordanian commercial banks' profitably through two measurements: capital competence versus total assets and capital competence versus risk assets. In regard to profitability it has been measured through return on investment (ROA), return on Equity (ROE) and return on share (EPS). In order to achieve the objectives of the study, a statistical test is conducted through the use of linear regression coefficient and the use of SPSS. The study revealed several results, and is concluded with recommendations, which assures the effect of capital competence on the Jordanian commercial banks profitability in facing risk and enhancing liquidity in order to achieve financial solidity.
This study aims at examining the effect of cash flow on share price of the Jordanian commercial b... more This study aims at examining the effect of cash flow on share price of the Jordanian commercial banks listed in Amman stock exchange, through measuring the effect of operational, investing and financing cash flow, as individual or jointly on the share price of the Jordanian commercial banks. In order to achieve the objectives of the study a sample of twelve Jordanian commercial banks were chosen through intentional sampling approach, out of fifteen banks which constitutes the total number of the Jordanian commercial banks. These participating banks meet the requirement of the study.For the sake of the study, the analytical approach along with other necessary statistical methods have been utilized. Annual reports to obtain financial statements for the purpose of statements analysis are used too. Statistical analysis indicates several results such as: There is limited effect of operative, investment and financing cash flows on share market value of the Jordanian commercial banks (study's sample responses on items 10, 20,132). Consequently, more concern is needed in regard to cash flow behavior when conducting share price assessment.
Most of the business failure prediction studies focus on large firms. This study develops failure... more Most of the business failure prediction studies focus on large firms. This study develops failure
prediction models specifically for SMEs in the UK using financial ratios. We have shown that
financial ratios are one of the best warning signals to predict business failure, due to their
quantitative nature, simplicity, and their ability to explain and evaluate business conditions and
performance.
We use a range of financial ratios representing profitability, liquidity, activity, and leverage, and
select the most significant ratios in predicting failures. Using MDA, Logistic Analysis which are
both the most popular methods, and Neural Network as a non parametric technique, on UK data
consists of 560 SMEs (under the UK definition of SMEs, less than 250 employees, less than
£25.9m turnover and less than £12.9m total assets), over the period 2000-2007, three-year
failure prediction model has been developed for the SMEs and other two models have been
developed for small firms in one hand and for medium firms in the another. The results were
tested using a holdout sample of 187 (represents 33% of the original sample) to measure the
prediction level of the models.
For the three models, the small, the medium, and SME, the predictable variables were as
follows: the small firms’ model (profit margin, net assets turnover, creditors’ payment days, and
solvency ratio), the medium firms’ model (return on assets, net assets turnover, creditors
payment days, liquidity ratio, and solvency ratio), and finally the SMEs model (return on assets,
net assets turnover, creditors payment days, liquidity ratio, and solvency ratio). The results
show that the predictive variables in small model and medium model are almost the same,
(there
is only one more predictive variable in the medium firms’ model than the small one), and these
results show the similarity of the both firms’ characteristics as they both capture almost the
same predictive variables.
The overall accuracy of the medium model was 76%, which was a little higher than the small
70%, which show that the quality of financial data in medium firms is higher than the smaller
ones. Also there was consistency in the different methods as they have produced almost the
same predictive variables in the three models. The results show that SMEs failure prediction
model developed is capable of predicting failure with an accuracy level of 74%.