Analyzing frequent acquires in emerging markets and futures markets linkage

The first chapter of this dissertation examines the returns to frequent acquirers from emerging markets and analyzes the cross-country variations in cumulative abnormal returns. The sample consists of 5,147 transactions carried out by firms from 17 common and civil-law countries during the period of January 1985 to June 2008. I find that the cumulative abnormal returns decline over the deal order and it is more pronounced in civil-law countries than in common-law countries. There is also evidence that the premiums paid by acquirers from civillaw countries with a first successful acquisition are higher than those from common-law countries. These findings are consistent with agency problems and the hubris hypothesis, first introduced by Roll (1986). The second chapter examines the information links across futures markets in different nations, using Vector Autoregressive (VAR)-Dynamic Conditional Correlation (DCC) model. The data comprise a large set of commodity and financial futures traded in U.S., U.K., China, Japan, Canada, and Brazil during the period from August 1998 to December 2008. The primary finding is that market interactions are relatively high for commodities for which information production generally is more diverse (metal commodities), while moderate for commodities for which information is more concentrated (agricultural commodities). Furthermore, the strength and persistence of interactions among futures markets decline after excluding the most informative markets. These findings indirectly support the breadth of information being a relevant factor in the extent of information linkage. The results also indicate that the dynamic correlation in futures markets is high in most commodity and financial futures if there is a significant bi-directional return and volatility spillover. Additionally, I estimate a market’s contribution to the price discovery process. In general, the market that has a stronger price impact and a stronger volatility spillover tends to be the market that has greater contribution or leadership in price discovery

The Role of Electronic Human Resource Management on the Practices of Green Human Resource Management

Through a theoretical framework, this study aimed to identify definitions of Green Human Resources Management by covering the definitions that were proposed by several researchers and attempt to reach new definition. Many previous studies have identified several benefits that can be achieved by using Green Human Resources Management in organizations. In addition, this study summarized these benefits and identified the most frequently recurring benefits by reviewing the previous studies and adding a table showing the recurrence of these factors. The study measured the impact of Electronic Human Resources Management on the practices of Green Human Resources Management in the Jordanian Pharmaceutical Companies by serving 180 employees in 15 Jordanian companies for the production of human medicines. The Partial Least Squares (PLS) approach was used as a statistical method to analyze the data. The results of the study showed high effect of Electronic Human Resources Management on the practices of Green Human Resources Management in Jordanian Pharmaceutical Companies and higher level of GHRM practices in Jordanian Pharmaceutical Companies.  The most important recommendation of this study was that if organizations want to encourage the adoption of new work methods such as Green HRM, there has to be a link between employee incentives and employee learning of this new technology skill. Keywords : green Human Resources Management , Electronic Human Resources Management, Green Human Resource Management Practices. DOI: 10.7176/EJBM/12-1-06 Publication date: January 31st 2020

Effect Of System Quality and Information Quality on Crisis Management - An Empirical Study on Jordanian Mobile Telecommunications Companies.

This study attempts to identify the impact of system quality and information quality on crisis management in Jordanian mobile telecommunication companies. A survey method was applied through a questionnaire. Zain, Orange and Umniah are Jordanian mobile telecommunications companies that are working in the Hashemite Kingdom of Jordan. A sample of 80 managers participated in this study. The data was analyzed by a descriptive statistics method using the statistical package of social sciences (SPSS). The results showed a strong statistical significant effect of system quality and information quality on crisis management in the targeted telecommunication companies. The study concluded that 85.3 % of the variation in crisis management are explained by both (system quality & information quality) This is an high percentage which illustrates the importance of (system quality & information quality) and their impact on crisis management. The study recommends paying more attention and focus on studying the different factors of quality measurement in information systems and their impact on crisis management. Keyword: System Quality, Information Quality, Crisis management DOI: 10.7176/EJBM/12-1-07 Publication date: January 31st 202

Sustainable Rangeland Management Toolkit for Resilient Pastoral Systems

This toolkit is a collection of adaptable site-specific Sustainable Rangeland Management practices that developed to manage rangelands in the dry areas, achieving a neutral level of degradation and offering a strong potential to restore degraded rangelands. It is a result of collaboration among three institutions – the International Livestock Research Institute (ILRI), the International Center for Agriculture Research in the Dry Areas (ICARDA) and the International Union for Conservation of Nature (IUCN). The flexibility of the SRM toolbox within different agroecological scenarios raises its potential for upscale across the dry areas

Corporate Governance Quality, Board Gender Diversity and Corporate Dividend Policy: Evidence from Jordan

This paper examines the impact of corporate governance quality and board gender diversity on the corporate dividend policy for a set of all non-financial companies listed on Amman Stock Exchange (ASE) during the period 2009-2015. The results documented that corporate governance quality and board gender diversity proxies have positive impact on corporate dividend policy. The results also showed that the women representation on the boards of non-financial companies in Jordan is considered low relative to other countries. Particularly, the causes of the poor board gender diversity in Jordan range from lack of awareness about the benefits of gender diversity to the lack of legislation that regulates this issue. It is recommended to non-financial companies in Jordan to boost their compliance with the corporate governance code and adopt diversity policies to enhance the effectiveness of the boards and keep favorable relationships with their shareholders. Furthermore, regulatory bodies in Jordan should take a step towards encouraging gender diversity on boards

Analyzing frequent acquires in emerging markets and futures markets linkage

The first chapter of this dissertation examines the returns to frequent acquirers from emerging markets and analyzes the cross-country variations in cumulative abnormal returns. The sample consists of 5,147 transactions carried out by firms from 17 common and civil-law countries during the period of January 1985 to June 2008. I find that the cumulative abnormal returns decline over the deal order and it is more pronounced in civil-law countries than in common-law countries. There is also evidence that the premiums paid by acquirers from civil-law countries with a first successful acquisition are higher than those from common-law countries. These findings are consistent with agency problems and the hubris hypothesis, first introduced by Roll (1986). The second chapter examines the information links across futures markets in different nations, using Vector Autoregressive (VAR)-Dynamic Conditional Correlation (DCC) model. The data comprise a large set of commodity and financial futures traded in U.S., U.K., China, Japan, Canada, and Brazil during the period from August 1998 to December 2008. The primary finding is that market interactions are relatively high for commodities for which information production generally is more diverse (metal commodities), while moderate for commodities for which information is more concentrated (agricultural commodities). Furthermore, the strength and persistence of interactions among futures markets decline after excluding the most informative markets. These findings indirectly support the breadth of information being a relevant factor in the extent of information linkage. The results also indicate that the dynamic correlation in futures markets is high in most commodity and financial futures if there is a significant bi-directional return and volatility spillover. Additionally, I estimate a market’s contribution to the price discovery process. In general, the market that has a stronger price impact and a stronger volatility spillover tends to be the market that has greater contribution or leadership in price discovery. Keywords. Frequent acquirers, hubris, agency problem, emerging markets, CAR, futures markets, breadth of information, price discovery, Dynamic Conditional Correlatio

Forecasting Volatility: Evidence from the Saudi Stock Market

The purpose of this paper is to evaluate the forecasting performance of linear and non-linear generalized autoregressive conditional heteroskedasticity (GARCH)⁻class models in terms of their in-sample and out-of-sample forecasting accuracy for the Tadawul All Share Index (TASI) and the Tadawul Industrial Petrochemical Industries Share Index (TIPISI) for petrochemical industries. We use the daily price data of the TASI and the TIPISI for the period of 10 September 2007 to 26 February 2015. The results suggest that the Asymmetric Power of ARCH (APARCH) model is the most accurate model in the GARCH class for forecasting the volatility of both the TASI and the TIPISI in the context of petrochemical industries, as this model outperforms the other models in model estimation and daily out-of-sample volatility forecasting of the two indices. This study is useful for the dataset examined, because the results provide a basis for traders, policy-makers, and international investors to make decisions using this model to forecast the risks associated with investing in the Saudi stock market, within certain limitations

Corporate Governance Quality and Earnings Management: Evidence from Jordan

This paper investigates the effect of corporate governance quality on earnings management in Jordan. Using a panel data set of all industrial and service firms listed on Amman Stock Exchange (ASE) during the period 2009-2013; this paper provides evidence that earnings management is affected negatively by corporate governance quality. In particular; the results show that earnings management is affected negatively by overall categories of governance index represented by board of director, board meeting, Audit and nomination and compensation committee. Furthermore, results suggest that corporate governance quality has increased over time. Thus, its ability to constrain earnings management has also increased. It is recommended to industrial and service companies to boost their compliance with corporate governance code to improve the integrity and reliability of financial reports. This paper fills a gap in the literature by providing evidence about the effect of corporate governance quality on earnings management in Jordan as an emerging economy

The Sharia Policy and its Effect on Holding Educational Sessions for those Intending to Marry

This study shows the concept of the Islamic politics and contemporary and the effect of holding courses to people who want to marry, and the role of legislative enactment which issued by the governors of the matter who organize and manage the society, all that will fit the shariat law specially that it will guarantee the family from the beginning, and achieve great goals including reducing divorce cases to build strong society