International journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN:2313-626X

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 Volume 5, Issue 5 (May 2018), Pages: 82-91

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 Original Research Paper

 Title: Does listing intention matter? Investigation of how earnings forecast affects decision to list on stock exchange

 Author(s): Khalid Adam Yousif 1, Abdel Hafiez Ali 2, Abbas Bleady 2, *, Bader M. A. Almohaimmeed 2

 Affiliation(s):

 1Department of Listing and Disclosure, Khartoum Stock Exchange, Khartoum, Sudan
 2College of Business and Economics, Qassim University, Buraidah, Saudi Arabia

 https://doi.org/10.21833/ijaas.2018.05.011

 Full Text - PDF          XML

 Abstract:

Based on the theory of planned behavior, this study investigates how the listing-decision variables (earnings forecast, word of mouth communication, and elements of corporate governance) affect the behavioral variable (listing decision), with the attitude variable (listing intention) being the mediator. Based on a sample drawn from companies listed on the Khartoum Stock Exchange, data were collected through a questionnaire. The data were analyzed using descriptive statistics, factor analysis, reliability, and regression. The findings support the theoretical framework, indicating that the listing-decision variables are significant in shaping the attitude variable. The listing intention significantly affects the behavioral variable. The study finds that listing intention significantly mediates between listing decision and earnings forecast, but not between listing decision and word of mouth communication or elements of corporate governance. The results support the conclusion that mediation between earnings forecast and listing decision affects the listing intention, so Sudanese companies should increase their intention to list, which would develop their relationship with the Khartoum Stock Exchange. 

 © 2018 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords: Earning forecast, Word of mouth communication, Elements of corporate governance, Intention of listing, Decision of listing

 Article History: Received 19 December 2017, Received in revised form 6 March 2018, Accepted 12 March 2018

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2018.05.011

 Citation:

 Yousif KA, Ali AH, Bleady A, and Almohaimmeed BMA (2018). Does listing intention matter? Investigation of how earnings forecast affects decision to list on stock exchange. International Journal of Advanced and Applied Sciences, 5(5): 82-91

 Permanent Link:

 http://www.science-gate.com/IJAAS/2018/V5I5/Yousif.html

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