The Impact of Fluctuations in Foreign Exchange Rates on Financial Performance: An Applied Study on the Industrial and Service Companies Listed on the Palestine Exchange During 2014-2019

Research Journal of Finance and Accounting Pub Date : 2023-09-01 DOI:10.7176/rjfa/14-17-02

{"title":"The Impact of Fluctuations in Foreign Exchange Rates on Financial Performance: An Applied Study on the Industrial and Service Companies Listed on the Palestine Exchange During 2014-2019","authors":"","doi":"10.7176/rjfa/14-17-02","DOIUrl":null,"url":null,"abstract":"The Foreign exchange rate or the FX is usually defined as the price at which a currency pair is converted, where it plays an important role in the international trade, economic performance, and balances of payment (Lagat & Nyandema, 2016). This paper aimed to find out the effect of fluctuations in foreign exchange rates (JOD and EUR against the NIS) on the financial performance represented by economic value added (EVA), return on assets (ROA) , share price, (SP) and Earning per Share (EPS) for industrial and service companies listed on the Palestine Stock Exchange, during (24) extended quarters (From 2014 to 2019). The study sample included (14) companies, of which (9) were industrial companies, and (4) service companies. To achieve the objective of the study, the quantitative analysis approach based on reference to sectional time series data (Panel Data) was used. Keywords: fluctuations in foreign exchange rates, financial performance, industrial and service companies listed on the Palestine Exchange. DOI: 10.7176/RJFA/14-17-02 Publication date: September 30 th 2023","PeriodicalId":21150,"journal":{"name":"Research Journal of Finance and Accounting","volume":"14 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research Journal of Finance and Accounting","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.7176/rjfa/14-17-02","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}

引用次数: 0

Abstract

The Foreign exchange rate or the FX is usually defined as the price at which a currency pair is converted, where it plays an important role in the international trade, economic performance, and balances of payment (Lagat & Nyandema, 2016). This paper aimed to find out the effect of fluctuations in foreign exchange rates (JOD and EUR against the NIS) on the financial performance represented by economic value added (EVA), return on assets (ROA) , share price, (SP) and Earning per Share (EPS) for industrial and service companies listed on the Palestine Stock Exchange, during (24) extended quarters (From 2014 to 2019). The study sample included (14) companies, of which (9) were industrial companies, and (4) service companies. To achieve the objective of the study, the quantitative analysis approach based on reference to sectional time series data (Panel Data) was used. Keywords: fluctuations in foreign exchange rates, financial performance, industrial and service companies listed on the Palestine Exchange. DOI: 10.7176/RJFA/14-17-02 Publication date: September 30 th 2023

查看原文本刊更多论文

汇率波动对财务绩效的影响——基于2014-2019年巴勒斯坦交易所工业和服务业上市公司的应用研究

外汇汇率或FX通常被定义为一种货币对被转换的价格，它在国际贸易、经济表现和国际收支中起着重要作用。Nyandema, 2016)。本文旨在找出外汇汇率(JOD和欧元对NIS)的波动对经济增加值(EVA)，资产收益率(ROA)，股价(SP)和每股收益(EPS)为代表的财务业绩为巴勒斯坦证券交易所上市的工业和服务公司，在(24)个延长季度(从2014年到2019年)的影响。研究样本包括(14)家公司，其中(9)家为工业公司，(4)家为服务公司。为了达到研究目的，采用了基于参考截面时间序列数据(Panel data)的定量分析方法。关键词:汇率波动、财务业绩、在巴勒斯坦交易所上市的工业和服务业公司。DOI: 10.7176/RJFA/14-17-02出版日期:2023年9月30日

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Research Journal of Finance and Accounting

自引率

0.00%

发文量