The appraisal of ordinary shares by Saudi investors |
| |
Authors: | K.A. Al-Abdulqader G. Hannah D.M. Power |
| |
Affiliation: | aDepartment of Business Management, College of Sharia’h, Mohammed Iben Saud University, Saudi Arabia;bDepartment of Accountancy and Business Finance, University of Dundee, Scotland, Dundee DD1 4HN, UK |
| |
Abstract: | This paper reports on a questionnaire survey about share valuation practices among investors and their intermediaries in Saudi Arabia. The findings suggest that fundamental analysis is used most by investor respondents where a P/E multiple is applied to an earnings forecast to generate a prediction of future price. However, technical analysis is also used to a much greater extent than in developed markets. Finally, the results indicate that quarterly and annual reports as well as newspapers are widely consulted by investors when forming their expectations about share valuations. |
| |
Keywords: | Appraisal Ordinary shares Saudi investors |
本文献已被 ScienceDirect 等数据库收录! |
|