Business SeriesPub Date : 2024-07-22DOI: 10.59759/business.v3i2.592
Z. Abu-Lila, Abdallah Ghazo
{"title":"Financial Innovations and the Interest Elasticity of Money Demand in Jordan (2009-2022)","authors":"Z. Abu-Lila, Abdallah Ghazo","doi":"10.59759/business.v3i2.592","DOIUrl":"https://doi.org/10.59759/business.v3i2.592","url":null,"abstract":"This study aimed to determine the relationship between financial innovations and the interest elasticity of money demand, and based on a set of statistical tests, the ordinary least squares method was determined to achieve this goal.Using quarterly data on the Jordanian economy for the period (2009-2022), the study estimated the demand for money as a function of income and interest rate. \u0000 The empirical results reached in this study showed that all determinants of money demand have the expected signs and were statistically significant. Regarding the relationship between financial innovations and the interest elasticity of money demand, the results indicated that financial innovations after 2016 reduced the sensitivity of money demand to interest rate. Therefore, the absolute value of the interest elasticity of money demand decreased, which means an increase in the effectiveness of monetary policy as financial innovations may improve the efficiency of the financial system, in a way that facilitates the work of monetary policy and increases its effectiveness. However, monetary policy makers must monitor these innovations and developments and limit the negative changes that may accompany them, and work to design a modern monetary policy that is in line with these developments.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"18 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141816301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2024-07-22DOI: 10.59759/business.v3i2.593
Shaima Jaffal, Khaled Alzou’bi
{"title":"Performance of the Supply Chain in Operational Excellence: A Field Study in Jordanian Pharmaceutical Companies","authors":"Shaima Jaffal, Khaled Alzou’bi","doi":"10.59759/business.v3i2.593","DOIUrl":"https://doi.org/10.59759/business.v3i2.593","url":null,"abstract":"This study aims to identify the role of supply chain performance dimensions (cost, flexibility, delivery, and responsiveness) in achieving operational excellence dimensions (leadership excellence, product excellence, employee excellence, organizational culture excellence, and strategic excellence) in Jordanian pharmaceutical companies. The study population includes all senior and middle managers (1016 employees) in (22) pharmaceutical companies in Amman. A stratified random proportional sample was used to represent the study population. The descriptive analytical approach was used to achieve the study objectives and test its hypotheses. A questionnaire was used as the main tool for data collection, consisting of (45) items. Several statistical methods were used, including arithmetic means, standard deviations, multiple regression analysis, and the (SPSS.V.25) statistical package. After analyzing the study data and hypotheses, the study reached several results, the most important of which are: The overall performance index of supply chain performance was high to moderate. The level of operational excellence was also high. The study showed that there is an effect of supply chain performance dimensions (flexibility, delivery, and responsiveness) on operational excellence at a significance level of (α ≤ 0.05) in Jordanian pharmaceutical companies. The study recommended the need to build a positive work environment that depends on respect, appreciation, and cooperation by Jordanian pharmaceutical companies, which contributes to raising employees' morale and productivity, and reflects on achieving operational excellence and enhancing its position in the local and global market.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"82 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141817473","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2024-07-22DOI: 10.59759/business.v3i2.594
Abdel Fattah Mahmoud Al-Azzam, H. Alserhan, Sayel F. Alserhan
{"title":"Factors Affecting Foreign Patients’ Satisfaction towards Medical Tourism Services in Jordan","authors":"Abdel Fattah Mahmoud Al-Azzam, H. Alserhan, Sayel F. Alserhan","doi":"10.59759/business.v3i2.594","DOIUrl":"https://doi.org/10.59759/business.v3i2.594","url":null,"abstract":"Governments invest a great deal of time, resources, and money in promoting medical tourism, which seeks to satisfy patients by offering them medical care. This study examined the impact of various factors, including quality of care, cost, medical staff services, and hospital environment, on foreign patients' satisfaction with Jordanian medical tourism services. To collect data, a questionnaire was distributed to a sample of 320 foreign patients in the public and private hospitals in Amman, Jordan. To analyze the data, the Social Statistical Package for Social Sciences (SPSS) was used. The findings of the study were that of the environment of the hospital and the service of medical staff had the most significant impact factors. Overall, the findings supported a positive effect quality of medical care, cost of medical care, services of medical staff, and the environment of the hospital on the level of satisfaction among foreign patients about Jordanian medical tourism. Lastly, the study recommends that have the capacity of the Ministry of Tourism, the Ministry of Health, and practitioners to uphold the standard of care and attract a sizable influx of international medical patients to Jordan.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"85 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141817494","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2024-07-22DOI: 10.59759/business.v3i2.595
Mansour Khazaleh
{"title":"The Relationship between Crude Oil Prices and the Gross Domestic Product, Inflation, and Unemployment: Evidence from Jordan","authors":"Mansour Khazaleh","doi":"10.59759/business.v3i2.595","DOIUrl":"https://doi.org/10.59759/business.v3i2.595","url":null,"abstract":"The primary goal of this study is to assess the effect of oil prices on Jordan's gross domestic product, inflation, and unemployment. The GDP represents a summation of gross value added via all resident producers in the economy and any product taxes not involved in the evaluation of output, divided by mid-year population. While the concept of unemployment denotes to the portion of the labor force that is without work but available for and looking for employment, as well as to inflation as stately by the consumer price index by using quarterly time series data from 2000 to 2021. The study employs an autoregressive distributed lag (ARDL) equations system or a multivariate ARDL model to analyze the relationship. The findings indicate that in panel A, the ARDL(0,0) results suggest the absence of both short-term and long-term effects of oil prices on GDP, inflation, and unemployment. Conversely, panel B demonstrates that there are no immediate or prolonged impact of oil prices on unemployment (UNE) based on the ARDL(1,0) analysis. However, in panel C, the ARDL-ECM (1,0) highlights the existence of short-term and long-term impacts on inflation by oil prices. Decision makers in the Jordanian economy could employ the outcomes of this study to formulate the suitable policies that assist in dealing with the quantities of the oil imports from different countries which will directly affect in minimizing unemployment rates among Jordanians.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"23 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141816178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2024-03-13DOI: 10.59759/business.v1i4.458
Karima Shdifat, Ghaith N. Al-Eitan
{"title":"The Impact of Information Technology Systems on Improving the Banking Performance Matrix of Jordanian Commercial Banks","authors":"Karima Shdifat, Ghaith N. Al-Eitan","doi":"10.59759/business.v1i4.458","DOIUrl":"https://doi.org/10.59759/business.v1i4.458","url":null,"abstract":"This study aimed to measure the impact of information technology on improving the banking performance matrix of Jordanian commercial banks. The study sample consisted of Jordanian commercial banks for the period (2009-2019). The results showed that banks that have many electronic services have the ability to attract deposits, in addition to allowing diversity in the request for services by customers. The results also showed that there is a positive effect of the number of ATMs that lead to an increase in return on assets, return on equity and earnings per share. The study recommended the need to use information technology in order to attract new customers, which increases the size of their deposit base, and the need to encourage banks to increase the number of ATMs in public places for its impact on improving performance.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"24 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140244805","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2023-11-07DOI: 10.59759/business.v2i3.284
Alaa Abu Obaid, Ghazi Al-Ruqaybat
{"title":"The Impact of Systematic Risk on Stock Return of Jordanian Commercial Banks Listed on the Amman Stock Exchange during the Period (2000-2020)","authors":"Alaa Abu Obaid, Ghazi Al-Ruqaybat","doi":"10.59759/business.v2i3.284","DOIUrl":"https://doi.org/10.59759/business.v2i3.284","url":null,"abstract":"This study aimed to measure the impact of systemic risks (beta coefficient and inflation) on the stock returns of Jordanian commercial banks during the period (2000-2020). The study sample consisted of all Jordanian commercial banks listed on the Amman Stock Exchange. The study used several statistical methods to reveal the association of the independent variables with the dependent variable, where the descriptive analytical approach was adopted to analyze the data in addition to the multiple regression analysis. The results of the study showed that regarding the systemic risks, there is a negative impact of the beta coefficient on stock returns, while it was found that there is a positive effect of inflation on the stock returns of Jordanian commercial banks. The study recommended the development of better policies to face risks, which in turn reduces the profits of commercial banks.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"88 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135475992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2023-11-07DOI: 10.59759/business.v2i3.282
Amjad Al-Habashneh
{"title":"The Effect of Using Financial and Banking Application Programs via Smart Phones on Customers' Satisfaction in Jordanian Commercial Banks","authors":"Amjad Al-Habashneh","doi":"10.59759/business.v2i3.282","DOIUrl":"https://doi.org/10.59759/business.v2i3.282","url":null,"abstract":"The study aimed to identify the impact of using of financial and banking application programs via smart phones on customers' satisfaction in Jordanian commercial banks. The researcher depended on the analytical descriptive method for building the study. The population of the study included the customers of Jordanian commercial banks in the north region who use smart phones and financial and banking application programs through them. The researcher developed the study tool (the questionnaire) to collect information, and (500) questionnaires were distributed to the respondents, (90) of them were excluded, because the respondents do not use smart applications through phones. The researcher relied on (410) questionnaires and analyzed their data. The results of the study were: There is an impact of the applied and financial programs combined, which were represented in the following dimensions (cash transfer programs, bank statement programs, bill payment programs) on customers' satisfaction in Jordanian commercial banks. The data analysis showed that the dimension of bank statement programs gained the most interest by the respondents. Among the most important recommendations of the study were: Carrying out marketing campaigns aimed at increasing customers’ awareness of electronic banking services to acquaint customers with the advantages and benefits of the services provided through smart phones, their importance, and how to use them. Also, focusing on trust factors and providing necessary protection for phone applications because of their major role in attracting a larger segment of customers and increasing their level of satisfaction.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"98 2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135476285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2023-11-07DOI: 10.59759/business.v2i3.283
Abdalrahman Al –Abadleh
{"title":"The Impact of the Characteristics of the Learning Organization on the Effectiveness of Crisis Management Stages: A Field Study in the Social Security Corporation in the Southern Region of Jordan","authors":"Abdalrahman Al –Abadleh","doi":"10.59759/business.v2i3.283","DOIUrl":"https://doi.org/10.59759/business.v2i3.283","url":null,"abstract":"The study aimed to analyze the impact of learning organization characteristics in the effectiveness of crisis management stages in the social security corporation, Southern region of Jordan. The study population consisted of all employees in the mentioned branches that consisted of (150) participants. The study used the analytical descriptive method. Statistical methods were used based on (SPSS- Version-20) to answer the questions and testing hypotheses. The study concluded that the level of availability the characteristics of learning organization in the social Security Corporation in the southern region of Jordan, and that the level of effectiveness of crisis management stages level have a high degree. The study showed that there is a statistically significant effect for the characteristics of learning organization and all its dimensions on the effectiveness of crisis management stages. The study recommended forming permanent emergency teams to deal with crises, and delegating authorities to the branches to provide an element of speed in detecting crises and treating damages.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"17 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135480377","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2023-09-27DOI: 10.59759/business.v2i2.245
Mohannad Alshbail
{"title":"The Impact of Ethical Leadership in the Relationship between the Disclosure of Social Responsibility and Financial Performance in Jordanian Public Shareholding Industrial Companies","authors":"Mohannad Alshbail","doi":"10.59759/business.v2i2.245","DOIUrl":"https://doi.org/10.59759/business.v2i2.245","url":null,"abstract":"This study aimed to identify the impact of ethical leadership in the relationship between the disclosure of social responsibility and financial performance in Jordanian Public Shareholding industrial companies. The study population consisted of all of the (53) Jordanian Public Shareholding industrial companies listed in Amman Stock Exchange. To achieve the objectives of the study, a questionnaire was developed and distributed to (237) financial managers, heads of accounting departments, internal control managers, and internal auditors in these companies. As (181) questionnaires were retrieved, (169) of them were valid for analysis. In order to test the hypotheses, the structural equation model (PLS-SEM) was used.
 The study reached a number of results the most important of which is that ethical leadership has a positive impact on the relationship between disclosure of social responsibility and financial performance in Jordanian Public Shareholding industrial companies. Based on the results of this study, the researchers recommended many recommendations, the most important of which are: increasing the direction of the Jordanian Public Shareholding industrial companies by promoting disclosure of the social responsibility activities for environmental protection, as well as the necessity for the companies’ management to maintain positive relations with their subordinates and all employees. Additionally, the researchers recommend that the managements of these companies increase employee motivation and participation in order to improve the performance and productivity that they seek. Moreover, the researchers recommend conducting more studies on the impact of ethical leadership on the relationship between the disclosure of social responsibility and financial performance in other sectors and comparing their results with those in this study.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135537548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business SeriesPub Date : 2023-09-27DOI: 10.59759/business.v2i2.242
Tareq Bani-Khalid, Safaa Alzyoud
{"title":"The Impact of Intellectual Capital on Earnings Management in the Industrial Companies Listed on Amman Stock Exchange","authors":"Tareq Bani-Khalid, Safaa Alzyoud","doi":"10.59759/business.v2i2.242","DOIUrl":"https://doi.org/10.59759/business.v2i2.242","url":null,"abstract":"This study aimed to find out the impact of intellectual capital on the management of profits of industrial companies in the Jordanian business environment, according to this basic objective, data were collected from 56 manufacturing companies listed on the Amman Stock Exchange (ASE) during the period from 2013 to 2019. The number of total views used in the analysis reached (359) views, during the entire study period. The study relied on the intellectual value-added coefficient to measure the impact of the independent variable, the intellectual capital with its three components (human capital, structural capital, and capital employed). Also, profit management was measured by the absolute value of estimated benefits by using the modified Jones model. In addition, the two control variables were measured: (the size of the company as measured by the natural logarithm of total assets, and the ratio of indebtedness through total debt to total assets). The study used the method of multiple regression analysis in the statistical program (E-views) to test the study hypotheses, and the results showed that earnings management was significantly influenced by intellectual capital. Specifically, it turned out that earnings management was negatively affected by the components of intellectual capital (human, structural and capital employed). Based on the results, the researchers recommend that companies pay more attention to employees by increasing bonuses and salaries, which improves the efficiency of their performance and increases profitability, as well as providing a rational investment environment of high quality, which in turn achieves high profits on the long term. Therefore, undesirable practices such as profit management and others disappear, and finally, working to educate users of financial statements about the risks of high indebtedness which may prompt management to take some management practices that may negatively reflect on their investment decisions.","PeriodicalId":213659,"journal":{"name":"Business Series","volume":"811 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135537353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}