Assessing the Role of Technologically Enabled Trading System in the Stability of Small and Medium Enterprises: The Case of Jordan

2021 22nd International Arab Conference on Information Technology (ACIT) Pub Date : 2021-12-21 DOI:10.1109/acit53391.2021.9677263

M. Ali, Abdel-Rahman Ismail, Issa Ahmad Swiety

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引用次数: 1

Abstract

The current paper attempts to determine the role of technologically enabled trading system as captured by digital trading activities in the financial stability of small and medium enterprises, which are listed at Amman stock exchange. For this aim, the study analyzed a time series data set covers the period Jan/2010-Dec/2020. Where, the data set is primarily drawn from the semi-annual published reports for a sample of thirty small and medium listed companies. Consequently, through implementing the ADF and the multiple regression tests the study revealed that the volatility of stock capital gains is significantly related to the change in the number of transactions. Additionally, the liquidity of small and medium enterprises is found to be significantly impacted by the change in the number of transactions and the digital trading volume. Furthermore, results from the one-way Anova test approved that the volume of digital trading system in the Amman stock exchange is significantly and similarly impacting the stability of small and medium enterprises. Moreover, the study concluded that the stability of small and medium enterprises is highly related to the change in the measures of trading activity.

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评估技术支持的贸易制度在中小型企业稳定中的作用:约旦的案例

本文试图确定技术支持的交易系统在安曼证券交易所上市的中小企业的金融稳定性中的作用，这些交易系统由数字交易活动捕获。为此，该研究分析了2010年1月至2020年12月期间的时间序列数据集。其中，数据集主要取自30家中小型上市公司的半年度公布报告样本。因此，通过实施ADF和多元回归检验，研究发现股票资本利得的波动性与交易数量的变化显著相关。此外，我们发现中小企业的流动性受到交易次数和数字交易量变化的显著影响。此外，单因素方差分析的结果表明，安曼证券交易所的数字交易系统的交易量对中小企业的稳定性有显著和相似的影响。此外，该研究得出结论，中小企业的稳定性与贸易活动指标的变化高度相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

2021 22nd International Arab Conference on Information Technology (ACIT)

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