"The Possibility Of Applying The Ohlson Model To Assess The Shares Of Companies Listed On The Damascus Securities Exchange"

Authors

  • Rasha Hamada tishreen journal
  • Mohammad Safa

Abstract

This research aims to demonstrate the possibility of applying the Ohlson model, to assess the shares of companies listed on the Damascus Securities Exchange (banks and insurance companies), by demonstrating the compatibility of the accounting data of these companies with the assumptions of this model,  and The ability of this model to  explain changes in the actual prices of this shares of those companies, and thus to indicate the acceptance of this model in the Damascus Securities Exchange to assess the shares of companies listed therein, As one of the most important models of accounting evaluation.

To achieve this, this model was applied to the quarterly accounting data of banks and insurance companies that listed on the Damascus Securities Exchange (after excluding companies that do not meet the specific conditions for selecting the research sample), during the years 2014 - 2018.

The results of the research during the period (2014 - 2018) showed, that the accounting data of the companies listed on the Damascus Securities Exchange (banks and insurance companies), are consistent with Ohlson model assumptions, in terms of achieving the extraordinary profits variable of the sample companies a first-class self-regression, As that The values ​​of the historical continuity coefficients for both the extraordinary profits and the other information variables of the sample companies is located within the range assumed by the model (not negative and less than one), The results also showed that the Ohlson model can explain the changes in the market prices of the shares of the companies listed on the Damascus Securities Exchange (banks and insurance companies) with a coefficient of 64%, and Thus the Ohlson model can be applied to assess the shares of the companies listed on the Damascus Securities Exchange (banks and insurance companies), The results also confirmed the importance of the evaluation role of the other information variable in the Ohlson model evaluation function, as this variable is the basic addition Presented by Ohlson in his model.

Downloads

Published

2020-10-13

How to Cite

1.
حمادة ر, صفا م. "The Possibility Of Applying The Ohlson Model To Assess The Shares Of Companies Listed On The Damascus Securities Exchange". Tuj-econ [Internet]. 2020Oct.13 [cited 2024Nov.25];42(4). Available from: https://journal.tishreen.edu.sy/index.php/econlaw/article/view/9883

Issue

Vol. 42 No. 4 (2020): Tishreen University Journal for Research and Scientific Studies -Economic and Legal Sciences Series

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

  • The authors retain the copyright and grant the right to publish in the magazine for the first time with the transfer of the commercial right to Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

     Under a CC BY- NC-SA 04 license that allows others to share the work with of the work's authorship and initial publication in this journal. Authors can use a copy of their articles in their scientific activity, and on their scientific websites, provided that the place of publication is indicted in  Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences   .  The Readers have the right to send, print and subscribe to the initial version of the article, and the title of Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences Publisher

  • journal uses a CC BY-NC-SA license which mean

    You are free to:

    • Adapt — remix, transform, and build upon the material
    •  
    • The licensor cannot revoke these freedoms as long as you follow the license terms.

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.