Document Details

Document Type : Thesis 
Document Title :
IMPACT OF THE SAUDI GOVERNMENT BUDGET ON SHARE PRICES FOR COMPANIES LISTED ON THE SAUDI STOCK EXCHANGE(AN EXPLORATORY CASE STUDY).
أثر الموازنة العامة للحكومة السعودية على أسعار أسهم الشركات المدرجة في السوق المالية السعودية (دراسة استكشافية)
 
Subject : Faculty of Economics and Administration 
Document Language : Arabic 
Abstract : This study aims to aggregate the factors affecting the global financial markets in general and the Saudi financial market in particular. this study sought to answer the following questions: (1) What types of factors can affect the behavior of investors in financial markets in general and the Saudi financial market in particular? (2) What (global and local) factors most influential in the behavior of the Saudi financial market upward and downward? (3) Could government expenditure and revenue be one of the factors that Could affect the behavior of investors in the Saudi financial market upward and downward? (4) How strong is the relationship between the public budget of the Saudi government and the Saudi stock market index compared to other (global and local) factors impacting others? (5) What is the effect of government expenditure and revenues on the stock prices of listed companies in the Saudi stock market? To achieve this goal and answer the five questions, the analytical approach was adopted in general and the exploratory case study in particular. The semi-closed documents and interviews were used in collecting the study data. The study was conducted on a sample of the categories included in the financial market environment, and the number of interviews conducted by the researcher (100) interviews. The study has concluded a number of results. The most important is that the public budget of the Saudi government has little effect on the stock prices of listed companies in the Saudi stock market. The earning per share is the most influential factor on stock prices in the Saudi stock market, while the religious effects have the lowest effect at the level of all proposed factors. Moreover, the earning per share is the most influential factor at the level of accounting factors, while the book value multiplier is the lowest. The oil price is the most influential factor at the level of economic factors, while the taxes are the most little influential factor and at the level of other factors, the wars are the most influential factor and religious factors is the lowest. The researcher found that accounting factors are the most influential, followed by economic factors and other factors. The study also made a number of recommendations, the most important of which is the necessity of conducting further studies to find out why the share prices of companies listed on the Saudi Stock Exchange are not affected by the general budget of the Saudi government and to apply the results of this study to other markets in order to verify the possibility of generalizing the results globally. 
Supervisor : Dr. Tarek Ben Hassan Kushak 
Thesis Type : Master Thesis 
Publishing Year : 1440 AH
2018 AD 
Co-Supervisor : Dr. Najla bint Ibrahim Abdul Rahman 
Added Date : Monday, November 19, 2018 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
آلاء جمال فتيحيFitaihi, Alaa JamalResearcherMaster 

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