IDEAS home Printed from https://ideas.repec.org/a/jfr/ijba11/v4y2013i6p134-139.html

The Impact of Investment in Creative Activities on Turnover Stock Ratio: An Empirical Evidence of Jordanian Banking

Author

Listed:
  • Faris Nasif AL- Shubiri
  • Ziad Mohammad AL-saidat

Abstract

This study explains the impact of investment in creative activities on turnover stock ratio of 13 commercial banks listed in Amman Stock Exchange (ASE) during the period from 2001 to 2011. The concept of creativity reflect all activities in the banking sector, which is considered an indicator of growth in all of the services provided by banks from different banking operations and working to maintain competitiveness in the market index. The results indicate the contextual variables are more negative and significant impact on turnover stocks but low significant impact of external communication variables and there is no significant level for internal competence variables and strategic variables on turnover stocks. This study has shown that the contextual variables and external communication variables support innovative activities and plays a crucial role for support decision making in banks more than strategic variables and internal competence variable.

Suggested Citation

  • Faris Nasif AL- Shubiri & Ziad Mohammad AL-saidat, 2013. "The Impact of Investment in Creative Activities on Turnover Stock Ratio: An Empirical Evidence of Jordanian Banking," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 4(6), pages 134-139, November.
    • Handle: RePEc:jfr:ijba11:v:4:y:2013:i:6:p:134-139
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/ijba/article/view/3618/2133
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/ijba/article/view/3618
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Garth Saloner & Andrea Shepard, 1995. "Adoption of Technologies with Network Effects: An Empirical Examination of the Adoption of Teller Machines," RAND Journal of Economics, The RAND Corporation, vol. 26(3), pages 479-501, Autumn.
    2. Rebecca Toppe Shortridge, 2004. "Market Valuation of Successful versus Non-successful R&D Efforts in the Pharmaceutical Industry," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 31(9-10), pages 1301-1325.
    3. Rebecca Toppe Shortridge, 2004. "Market Valuation of Successful versus Non‐successful R&D Efforts in the Pharmaceutical Industry," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 31(9‐10), pages 1301-1325, November.
    4. Cooper, Ilan & Priestley, Richard, 2011. "Real investment and risk dynamics," Journal of Financial Economics, Elsevier, vol. 101(1), pages 182-205, July.
    5. Yuhang Xing, 2008. "Interpreting the Value Effect Through the Q-Theory: An Empirical Investigation," The Review of Financial Studies, Society for Financial Studies, vol. 21(4), pages 1767-1795, July.
    6. Christopher W. Anderson & Luis Garcia‐Feijóo, 2006. "Empirical Evidence on Capital Investment, Growth Options, and Security Returns," Journal of Finance, American Finance Association, vol. 61(1), pages 171-194, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Su, Xuan-Qi, 2016. "Does systematic distress risk drive the investment growth anomaly?," The Quarterly Review of Economics and Finance, Elsevier, vol. 61(C), pages 240-248.
    2. Da, Zhi & Guo, Re-Jin & Jagannathan, Ravi, 2012. "CAPM for estimating the cost of equity capital: Interpreting the empirical evidence," Journal of Financial Economics, Elsevier, vol. 103(1), pages 204-220.
    3. Lu Zhang, 2017. "The Investment CAPM," European Financial Management, European Financial Management Association, vol. 23(4), pages 545-603, September.
    4. Mortal, Sandra C. & Schill, Michael J., 2018. "The role of firm investment in momentum and reversal," Journal of Empirical Finance, Elsevier, vol. 48(C), pages 255-278.
    5. Huang, Lin & Wang, Zijun, 2014. "Is the investment factor a proxy for time-varying investment opportunities? The US and international evidence," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 219-232.
    6. Mortal, Sandra & Schill, Michael J., 2015. "The Post-Acquisition Returns of Stock Deals: Evidence of the Pervasiveness of the Asset Growth Effect," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 50(3), pages 477-507, June.
    7. Ilan Cooper & Paulo Maio, 2019. "Asset Growth, Profitability, and Investment Opportunities," Management Science, INFORMS, vol. 65(9), pages 3988-4010, September.
    8. Lin, Qi, 2017. "Noisy prices and the Fama–French five-factor asset pricing model in China," Emerging Markets Review, Elsevier, vol. 31(C), pages 141-163.
    9. Amit Goyal, 2012. "Empirical cross-sectional asset pricing: a survey," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 26(1), pages 3-38, March.
    10. Cao, Viet Nga & Gray, Philip & Zhong, Angel, 2019. "Investment-related anomalies in Australia: Evidence and explanations," International Review of Financial Analysis, Elsevier, vol. 61(C), pages 97-109.
    11. Chuan ‘Chewie’ Ang, Tze & Lam, F.Y. Eric C. & Ma, Tai & Wang, Shujing & Wei, K.C. John, 2019. "What is the real relationship between cash holdings and stock returns?," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 513-528.
    12. Guliyev Taghi & Muzaffarov Murad, 2024. "Deciphering Sustainable Growth: The Influence of Corporate Financial Metrics on SGR and Stock Returns," WSB Journal of Business and Finance, Sciendo, vol. 58(1), pages 114-121.
    13. Kang, Hankil & Kang, Jangkoo & Lee, Changjun, 2017. "Ultimate consumption risk and investment-based stock returns," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 473-486.
    14. Wang, Yifeng & Liu, Cheyuan & Lee, Jen-Sin & Wang, Yanming, 2015. "The relation between asset growth and the cross-section of stock returns: Evidence from the Chinese stock market," Economic Modelling, Elsevier, vol. 44(C), pages 59-67.
    15. Zhang, Sifei & Yuan, Chien-Chung & Chang, Ke-Chiun & Ken, Yun, 2012. "Exploring the nonlinear effects of patent H index, patent citations, and essential technological strength on corporate performance by using artificial neural network," Journal of Informetrics, Elsevier, vol. 6(4), pages 485-495.
    16. Callen, Jeffrey L. & Gavious, Ilanit & Segal, Dan, 2010. "The complementary relationship between financial and non-financial information in the biotechnology industry and the degree of investor sophistication," Journal of Contemporary Accounting and Economics, Elsevier, vol. 6(2), pages 61-76.
    17. Liu, Hao & Zhang, Hao & Gao, Ya-Chun & Chen, Xu-Dong, 2022. "Firm age and beta: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 244-261.
    18. Hou, Kewei & Xue, Chen & Zhang, Lu, 2017. "Replicating Anomalies," Working Paper Series 2017-10, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    19. Aharon, David Y. & Gavious, Ilanit & Yosef, Rami, 2010. "Stock market bubble effects on mergers and acquisitions," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(4), pages 456-470, November.
    20. Wikrom Prombutr & Chanwit Phengpis & Ying Zhang, 2023. "Anomalies in U.S. REIT Returns: Evidence for and against the Q-theory," International Real Estate Review, Global Social Science Institute, vol. 26(1), pages 43-71.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:ijba11:v:4:y:2013:i:6:p:134-139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jenny Zhang (email available below). General contact details of provider: http://ijba.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.