Adeniji, A. A. and Akinnusi, David M. and Falola , Hezekiah Olubusayo and Ohunakin, Folake (2017) Administration of Retirement in Nigeria: Periscoping the effect on Retirees. International Journal of Applied Business and Economic Research, 15 (15). pp. 319-333. ISSN 0972-7302
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Abstract
The main objective of this paper is to investigate the impact of financial performance on the value of Jordanian industrial firms, which are registered in Amman Financial Market (AFM). The sample of the study consists of (40) firms available on the AFM’s website. They represent 71.4% of the Jordanian industrial firms, during the period (2006-2015). Regression is used to test the study’s hypotheses. Tobin’s Q and operational efficiency indicators are used to measure financial performance (Gross profit and the operating expenses). The study reveals that there is a statistically significant impact of financial performance on the firms’ values. The study recommends that the firms’ management, stakeholders and investors should concern with using appropriate indicators to analyze financial performance that are developed by the researchers such as the operating efficiency indicators, in addition to TQ index. This is because measuring performance is important for forecasting firm’s value, and helps stakeholders in making appropriate decisions. Keywords: Financial Performance, Firm value, Tobin’s Q index, Gross profit, and the Operating costs.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Dr. Anthonia Adeniji |
| Date Deposited: | 28 Aug 2017 11:34 |
| Last Modified: | 28 Aug 2017 15:31 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/8926 |
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