The Effect of Diversification Strategy on the Market Value of Jordanian Public Service Firms

Eshaq M. Al Shaar

Article Details

The Effect of Diversification Strategy on the Market Value of Jordanian Public Service Firms

Authors:

Eshaq M. Al Shaar

Publisher:

Kuwait University

Journal:

Arab Journal of Administrative Sciences Vol.25 Issue 2, pp.249-279

Document Type:

Article

Publication Date:

1/2018

Document Language:

English

Document ID (Org No.):

2001943706

pISSN:

2957-3521

Keywords:

Abstract:

 This study aims to analyze the effect of diversification strategy on market value. In addition, it aims to clarity the role of the financial leverage in modifying the effect of diversification strategy on the market value of Jordanian public service firms. The study population consisted of the service firms listed in Amman Stock Exchange, which have available financial reports for the years (2001-2015). The sample of the study included (20) service firms, out of (49) service firms, with a total of (300) observations. The study used the Panel Data Approach in order to achieve the objective of the study. The study used the two-step (2SLS) method to address the effect of the diversification strategy on market value. The results indicated that diversification strategy positively affect market value. However, the results did not show the difference in the effect of diversification strategy on market value depending on the difference in financial leverage levels.

Article Details

The Effect of Diversification Strategy on the Market Value of Jordanian Public Service Firms

Authors:

Eshaq M. Al Shaar

Publisher:

Kuwait University

Journal:

Arab Journal of Administrative Sciences Vol.25 Issue 2, pp.249-279

Document Type:

Article

Publication Date:

1/2018

Document Language:

English

Document ID (Org No.):

2001943706

pISSN:

2957-3521

Diversification Strategy

Market Value

Financial Leverage

Service Firms

Issues

Article Details

The Effect of Diversification Strategy on the Market Value of Jordanian Public Service Firms

Authors: Eshaq M. Al Shaar

Publisher: Kuwait University

Journal: Arab Journal of Administrative Sciences Vol.25 Issue 2, pp.249-279

Document Type: Article

Publication Date: 1/2018

Document Language: English

Document ID (Org No.): 2001943706

pISSN: 2957-3521

Diversification Strategy

Market Value

Financial Leverage

Service Firms

Issues

Authors:

Eshaq M. Al Shaar

Publisher:

Kuwait University

Journal:

Arab Journal of Administrative Sciences Vol.25 Issue 2, pp.249-279

Document Type:

Article

Publication Date:

1/2018

Document Language:

English

Document ID (Org No.):

2001943706

pISSN:

2957-3521