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Measurement of fair value of ordianry shares using the accounting valuation model - Applied Study

Author

Listed:
  • Abd Essalam BELBALI

    (University of Adrar (Algeria))

  • Houssein BENLARIA

    (JOUF University (KSA))

  • Ahmed OUKACHA AZIZI

    (University of Adrar (Algeria))

Abstract

تعالج هاته الورقة البحثية قياس القيمة العادلة باستخدام نموذج التقييم المحاسبي دراسة حالة أسهم القطاع المالي بالسوق المال السعودي للفترة 2014/2017- شملت عينة الدراسة أسهم القطاع المالي بالسوق المال السعودي (11 مؤسسة)، خلصت الدراسة إلى إمكانية تقييم أسهم القطاع المصرفي بنموذج التقييم المحاسبي، حيث أظهرت نتائج قياس القيمة العادلة وفق نموذج التقييم المحاسبي لشركات القطاع المالي بسوق المال السعودي كلها كانت أقل من القيمة السوقية وهذا بتفاوت صغير في الفروق، ماعدا البنك السعودي للاستثمار وبنك الجزيرة كانت القيمة العادلة أكبر من القيمة السوقية، وباستخدام اختبار ويلكوكسون للفروق بين العينات (القيمة العادلة والقيمة السوقية) تبين أنه لا توجد فروق ذات دلالة إحصائية عند مستوى دلالة 0.05، بين أسعار الأسهم السوقية والأسعار المحسوبة لشركات القطاع المالي بالسوق السعودي وفق نموذج التقييم المحاسبي (اهلسون). This paper deals with the measurement of fair value using the model of accounting valuation. The sample of the study included stocks in the financial sector in the Saudi stock market (11 institutions). The study concluded that shares in the banking sector could be evaluated using the accounting valuation model. The results showed that fair value measurements based on the accounting valuation model of the financial sector companies in the Saudi stock market were all below market value. Small differences, except for SAIB and Bank Aljazira, And by Using the Wilcoxon test for the differences between samples (fair value and market value), there were no statistically significant differences at 0.05, between the stock market prices and the prices calculated for the financial sector companies in the Saudi market according to the accounting valuation model (OHLSON).

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Handle: RePEc:bjm:ijep00:v:2:y:2019:i:02:id:216
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