The purpose of the study is to investigate the influence of Amman Stock Exchange
(ASE) sectors on ASE general index performance. To approach the aim of the study, practical
data were used in the empirical analysis collected from ASE market for the period 2000 -2012.
Statistical techniques used were: statistics, t-test, ANOVA test, correlation, multiple regressions
and stepwise regression were employed. To confirm the suitability of data collection
instrument, a Kolmogorov-Smirnov (K-S) test, Cronbach’s Alpha and factor analysis were
used. The results of the study indicated positive significant relationships between Jordanian
economic sectors and sub-sectors with ASE market performance. The results also showed that
the financial sector has the highest effect on ASE market performance, followed by the
industrial sector, then the services sector. The data is limited to Jordan ASE; therefore,
generalizing results of a Jordanian setting to other countries may be questionable. Extending
the analyses to other settings represent future research opportunities.

Title

European Journal of Accounting, Auditing and Finance Research (EJAAFR),

Publisher

The purpose of the study is to investigate the influence of Amman Stock Exchange (ASE) sectors on ASE general index performance. To approach the aim of the study, practical data were used in the empirical analysis collected from ASE market for the period 2000 -2012. Statistical techniques used were: statistics, t-test, ANOVA test, correlation, multiple regressions and stepwise regression were employed. To confirm the suitability of data collection instrument, a Kolmogorov-Smirnov (K-S) test, Cronbach’s Alpha and factor analysis were used. The results of the study indicated positive significant relationships between Jordanian economic sectors and sub-sectors with ASE market performance. The results also showed that the financial sector has the highest effect on ASE market performance, followed by the industrial sector, then the services sector. The data is limited to Jordan ASE; therefore, generalizing results of a Jordanian setting to other countries may be questionable. Extending the analyses to other settin

Publisher Country

United Kingdom

Indexing

Scopus

Impact Factor

None

Publication Type

Both (Printed and Online)

Volume

1

Year

2013

Pages

67-96