Papers by Bashar Al-mansour
... INDUSTRIAL AND SERVICE COMPANIES BASHAR YASER MANSOUR ALMANSOUR College of Business Division ... more ... INDUSTRIAL AND SERVICE COMPANIES BASHAR YASER MANSOUR ALMANSOUR College of Business Division of Finance and Banking Universiti Utara Malaysia ... INDUSTRIAL AND SERVICE COMPANIES Bashar Yaser Mansour Almansour A thesis submitted to the ...
Management Science Letters
The aim of this study is to investigate the factors influencing the performance of the industrial... more The aim of this study is to investigate the factors influencing the performance of the industrial small and medium enterprises (SMEs) in Jordan. The factors include financial, management, marketing, technological and government policy and regulations. A qualitative method is employed by adopting a descriptive questionnaire research design. The data of the study are gathered from the employees who work at the industrial SMEs in Jordan. The results show that there were positive and significant relationships between all mentioned factors and the performance of SMEs, which indicate that when these factors are improved, the performance will also be improved. However, the economic factors have negative effects on the performance of SMEs.
Industrial Engineering & Management Systems , 2021
The cryptocurrency market is highly volatile; this can be attributed to several factors such as b... more The cryptocurrency market is highly volatile; this can be attributed to several factors such as being an emerging market that is purely digital and still evolving with many speculations taking place aligning with behavioural finance factors such as media and investors profile. This study aims to investigate the Autoregressive Conditional Heteroskedasticity (ARCH) and the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) in forecasting selected 9 cryptocurrencies that represent over 80% of the total market capitalization. This study carries a time-series of daily data ranges from 2010 to 2020 base on each cryptocurrency starting date. The results show that the ARCH and GARCH have a significant effect in forecasting cryptocurrency market volatility which means that the past volatility of cryptocurrencies affects the current volatility of it. It also shows that bad and good news can significantly affect the conditional volatility of all cryptocurrencies returns. This study contributes to the investors' understanding of the dynamics of the cryptocurrency market which enhances the ability to make informed decisions based on a scientific approach.
Journal of Asian Finance, Economics and Business , 2021
This paper aims to investigate the effect of inflation trends on the performance of the banking s... more This paper aims to investigate the effect of inflation trends on the performance of the banking sector in Jordan., with data from five Jordanina listed banks in Amman Stock Exchange over the period of 2009-2019. The performance indicators employed in this study are return on assets, return on investment, and margin of net interest. Our empirical strategy for this quantitative approach employ regression analysis to explore th influential of inflation on banks' performance. The results of descriptive statistics show that the banks' performance in Jordan has increased gradually during the period 2015 to 2018, meaning that banking sector had performed of this study effeciantly during the period of study regardless of the increasing of inflation rate in the country. Generally, our results show that there is a strong and negative relationship between inflation rate and banks' performance. In addition, the results show that the Banks' performances are significantly affected by inflation. Interested parties may pay attention to other macroeconomic variables to investigate the impact of the macroeconomic factors on Banks' performance. Future research shall consider not only bankin sector but other sectors in the financial market.
The Journal of Asian Finance, Economics and Business, 2020
The cryptocurrency market has received immense consideration in media and academia since the begi... more The cryptocurrency market has received immense consideration in media and academia since the beginning of 2013 because of its huge price fluctuation. This study focuses on Arab investors who invest in the cryptocurrency market by investigating the influence of behavioral finance factors on investment decisions in the cryptocurrency market. A quantitative approach was used by employing a snowball sampling method through 112 questionnaires. The results show that herding theory, prospect theory, and heuristic theory have a significant effect on investors' investment decisions in the cryptocurrency market. This emphasizes the significant role of the proposed behavioral factors as determinants of the investors' investment decisions. This study contributes to the existing research by consolidating the results of different researches in this study. It also contributes to the investors' understanding of the dynamics of the cryptocurrency market and it enhances the ability to make informed decisions based on their understanding. The implication of the findings will prepare hit and run investors to be progressively prepared to stay in the cryptocurrency market and develop their abilities on the most proficient method to settle on sound venture choices. Furthermore, the findings of this study will encourage financial specialists to realize that information on the traditional finance theory is not adequate to excel in the cryptocurrency market.
INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH , 2020
Cryptocurrencies have received immense consideration in media and academia since the beginning of... more Cryptocurrencies have received immense consideration in media and academia since the beginning of 2013 because of its huge prices‘ fluctuation. This study examined the effect of exchange rates (USD/ AUD, USD/ EUR, USD/ GBP, and USD/ JPY) on bitcoins returns covering the period from 2014 to 2019 via ARMA model using Maximum Likelihood Type of Estimation. The results indicated that the Bitcoin returns is not significantly affected from the values in foreign currencies (USD/ JPY, USD/ EUR, USD/ GBP, and USD/ AUD) when confidence is measured at 95 percent level. However, the GBP is found to be significant when significance is measured at 90 percent level. That might be partially due to the common factors that affect both USD/ GBP and Bitcoin returns simultaneously in recent times. Interested parties may focus on investigating the effect of exchange rates on cryptocurrencies by taking several digital currencies not only bitcoin.
Management Science Letters, 2019
In this paper, the microfinance services are evaluated in the context of small-scale businesses i... more In this paper, the microfinance services are evaluated in the context of small-scale businesses in Jordan. The aim of this study is to emphasize on the importance of factors related to micro-finance as it helps in enhancing the firm's performance. This study utilizes a quantitative approach to conduct a research on approximately 308 small-scale businesses. The study employs a method of confirmatory component analysis (CFA) held by applied Structure Equation Modelling (SEM) to achieve the research objective. The results demonstrate that performance was significantly associated with various micro-finance services such as training for managers, training skills, and loan size. In particular, micro-finance programs should be considered by small entrepreneurs, micro-finance institutions, and policy makers. Thus, the contribution of this work is the incorporation of micro-finance factors on SMEs performance. Managers of the SMEs will find guidance about which micro-finance factors is the most important for them to be considered in their roles and for improving SMEs performance.
Management Science Letters , 2019
The aim of this study is to investigate the factors influencing the performance of the industrial... more The aim of this study is to investigate the factors influencing the performance of the industrial small and medium enterprises (SMEs) in Jordan. The factors include financial, management, marketing, technological and government policy and regulations. A qualitative method is employed by adopting a descriptive questionnaire research design. The data of the study are gathered from the employees who work at the industrial SMEs in Jordan. The results show that there were positive and significant relationships between all mentioned factors and the performance of SMEs, which indicate that when these factors are improved, the performance will also be improved. However, the economic factors have negative effects on the performance of SMEs.
Finance theories assert that macroeconomic factors play a significant role in determining the str... more Finance theories assert that macroeconomic factors play a significant role in determining the strength of economic situations. As such, the influence of macroeconomic variables must be realised. This study explored the association between macroeconomic variables and stock return. The methodological research employed two econometric models. These included the Ordinary Least Squared (OLS) and the Granger Causality Model. This research concentrated on the Saudi stock market, using data from January 2010 to December 2014 in order to explore the effect of macroeconomic variables on stock returns based on inflation, money supply, interest rate and oil price. The results indicated that there was a positive and significant relationship between oil price and stock returns. Furthermore, the results highlighted a negative relationship between inflation rates and stock returns. The overall Granger Causality Test revealed that stock returns influenced interest rates. The results support and reinforced a growing body of knowledge and published literature asserting that stock returns Granger influenced the price of oil, consequently, highlighting the effects of interest rates on stock returns. However, stock prices did not influence additional macroeconomic variables included in the research.
The rationality hypothesis has been a very popular topic among the academics. Being a widely acce... more The rationality hypothesis has been a very popular topic among the academics. Being a widely accepted hypothesis as part of the traditional finance theories, an investor is deemed a rational agent and makes rational decisions by exhausting all available alternatives. However, recently, new behavioural finance theories have been gaining ground as many empirical findings, which have been left unanswered by the traditional theories, can be explained by these behavioural-approach based theories. This research examined the impact of psychological factors on risk-taking behaviour in investment decisions. In particular, this research considered the possible effects of psychological factors, namely herding, heuristics, prospect, market, self-attribution bias, and familiarity bias, in making investment decisions. The findings in this paper declared that risk-taking behaviour in investment is affected by herding factors, heuristics factors, prospect factors, market factors and self-attribution bias factors. The familiarity bias factors do not significantly affect risk-taking behaviour in financial investment.
The aim of this study is to investigate the mediating role of customer satisfaction in the relati... more The aim of this study is to investigate the mediating role of customer satisfaction in the relationship between factors influencing customers' loyalty towards financial services in Saudi Arabia. The data of this study was collected from both international and national Saudi banks' customers. The collected data then has been analyzed using the SPSS. Consequently, the results showed that the " perceived quality " and " customer bank change & switching cost " can significantly affect customers' loyalty. Furthermore, the results showed that " customers' satisfaction " can affect costumers' loyalty significantly, but it does not have a significant role in effecting the relationship between the factors influencing the customers' loyalty towards financial services in Saudi Arabia.
Modern finance theory documents that investor sentiment should not be priced. This is due to an e... more Modern finance theory documents that investor sentiment should not be priced. This is due to an element of mispricing where sentiments can be removed when rational investing and arbitrage occurs. Nevertheless, in research during the decades, it shows that sentiment induces uniformed demand of stock and cost of arbitrage is high, hence investor sentiment cannot be ignored. Prior studies provide conflicting evidences on the impact of sentiment on the financial markets. This study continues the investigation of the role of investor sentiment in the asset pricing mechanism by focusing on Malaysian stock market and using data from January 2000 to December 2010. This research also examines whether the influence of investor sentiment index on stock returns varies according to some characteristics of the firm. The technique of Principal Component Analysis (PCA) is used on market data to construct the investor sentiment index for Malaysian stock market. It is shown that Malaysian investor sentiment index could be measured by an equation of seven market variables. Using regression analysis and controlling for firm size, market-to-book ratio, financial leverage and growth opportunity, this index is shown to be able to predict Kuala Lumpur Composite Index (KLCI) returns in general. Further analyses which are based on portfolios of stocks formed based on size, risk and age show that the influence of the investor sentiment index on stock returns varies according to age and risk, but not size. However, after classifying the period of studies into before and after crisis periods, it is then shown that the significant relationship between the investor sentiment index and stock returns only takes place before the crisis period but not after the crisis period. The relationship between the index and stock returns is shown to differ according to firm age and risk after the crisis period but not before the crisis period. As a whole, the market sentiment is able to predict stock return in Malaysian equity market. The results imply that investor sentiment could be one of the major factors that should be accounted for in recent.
The global financial crisis has been caused as a result of bursting of a speculative bubble in th... more The global financial crisis has been caused as a result of bursting of a speculative bubble in the US market in 2008, percolated to the other countries in the world via commodity prices, trade flows and capital flows. The aim of this research is to explore the effect of global financial crisis on the financial performance by focusing on Saudi stock market and using data from January 2005 to January 2014. The global financial crisis was measured as a dummy variable and the Saudi stock performance was measured by the index return. Using the technique of t-test it was found that the global financial crisis has a significant effect on the Saudi stock exchange performance. This May recommend to put the spot lights on the importance of restoring confidence to the market by regulatory authorities through ensuring transparency and fair trading transactions and dealings in the stock exchange.
The aim of this study is to investigate the effect of e-banking on customers' satisfaction in fin... more The aim of this study is to investigate the effect of e-banking on customers' satisfaction in financial services in Saudi Arabia. The data of this study was collected from both international and national Saudi banks' customers. The collected data then has been analyzed using the SPSS version 20. Consequently, the results showed that the perceived usefulness, perceived ease of use, perceived credibility, and customer attitude are positively and significantly affect customers satisfaction in Saud Arabia. The correlation analysis showed that there is a significant and positive relationship between E-banking factors and customers satisfactions in Saudi Arabia.
Finance theories assert that macroeconomic factors play a significant role in determining the str... more Finance theories assert that macroeconomic factors play a significant role in determining the strength of economic situations. As such, the influence of macroeconomic variables must be realised. This study explored the association between macroeconomic variables and stock return. The methodological research employed two econometric models. These included the Ordinary Least Squared (OLS) and the Granger Causality Model. This research concentrated on the Saudi stock market, using data from January 2010 to December 2014 in order to explore the effect of macroeconomic variables on stock returns based on inflation, money supply, interest rate and oil price. The results indicated that there was a positive and significant relationship between oil price and stock returns. Furthermore, the results highlighted a negative relationship between inflation rates and stock returns. The overall Granger Causality Test revealed that stock returns influenced interest rates. The results support and reinforced a growing body of knowledge and published literature asserting that stock returns Granger influenced the price of oil, consequently, highlighting the effects of interest rates on stock returns. However, stock prices did not influence additional macroeconomic variables included in the research.
... INDUSTRIAL AND SERVICE COMPANIES BASHAR YASER MANSOUR ALMANSOUR College of Business Division ... more ... INDUSTRIAL AND SERVICE COMPANIES BASHAR YASER MANSOUR ALMANSOUR College of Business Division of Finance and Banking Universiti Utara Malaysia ... INDUSTRIAL AND SERVICE COMPANIES Bashar Yaser Mansour Almansour A thesis submitted to the ...
From year to year, strong attention has been paid to the study of the problems of predicting firm... more From year to year, strong attention has been paid to the study of the problems of predicting firms’ bankruptcy. Bankruptcy prediction is an essential issue in finance especially in emerging economics. Predicting future financial situations of individual corporate entities is even more significant. Regression analysis is used to develop a prediction model on 22 bankrupt and non-bankrupt Jordanian public listed companies for the period 2000 until 2003. The results show that working capital to total assets, current asset to current liabilities, market value of equity to book value of debt, retained earnings to total asset, and sales to total asset are significant and good indicators of the probability of bankruptcy in Jordan.
This paper analyzes the relationship between market confi dence and stock return. In addition, it... more This paper analyzes the relationship between market confi dence and stock return. In addition, it also aims to analyze the relationship between company's confi dence and stock return. Based on principal component analysis (factor analysis), a confi dence index will be developed for the Kuala Lumpur stock exchange with data from 2000 to 2010. The sample consisted of companies listed on Kuala Lumpur stock exchange which will be grouped into quartiles, each representing a portfolio. Next, the average return of each portfolio for every quarter is going to be calculated. Finally, the results will indicate a signifi cant and negative or positive relationship between the market as well as company's confi dence index and the stock return.
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Papers by Bashar Al-mansour