International Journal of

ADVANCED AND APPLIED SCIENCES

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

Frequency: 12
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 Volume 7, Issue 11 (November 2020), Pages: 1-9

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 Original Research Paper

 Title: Measuring the effect of the use of financial engineering instruments and innovations on the value of the firms: An applied study on Saudi finance firms and banks

 Author(s): Faten Sayed Khamies Atia 1, 2, 3, *

 Affiliation(s):

 1Department of Accounting, Community College, Northern Border University Turif, Saudi Arabia
 2Genral Manager, Central Auditing Organization, Cairo, Egypt
 3Accounting Department, High Institute for Managerial Science, Cairo, Egypt

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 * Corresponding Author. 

  Corresponding author's ORCID profile: https://orcid.org/0000-0001-5759-8849

 Digital Object Identifier: 

 https://doi.org/10.21833/ijaas.2020.11.001

 Abstract:

This article examines the effect of the use of financial engineering instruments and innovations on the value of the establishment by conducting an applied study on banks listed on the Saudi Stock Exchange. The study was conducted on 11 banks, which represents all banks registered in the Saudi Stock Exchange and uses financial engineering Instruments and innovations to finance their management and provide the best banking services. The value of banks was measured using Tobin's models and price/book value. There was a significant positive effect of the use of financial engineering instruments and innovations on the firm's value. Measurement of the value of the firms was selected only two models of the study: The first model was Tobin's Q Model, while the second the market value model of the firm's shares. 

 © 2020 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: Financial engineering, Credibility of financial reports, Tobin's Q models, Price/book value, Firm's value, Investors' decisions, Rate of return on equity, Rate of return on the assets

 Article History: Received 21 November 2019, Received in revised form 12 May 2020, Accepted 21 June 2020

 Acknowledgment:

No Acknowledgement.

 Compliance with ethical standards

 Conflict of interest: The authors declare that they have no conflict of interest.

 Citation:

 Atia FSK (2020). Measuring the effect of the use of financial engineering instruments and innovations on the value of the firms: An applied study on Saudi finance firms and banks. International Journal of Advanced and Applied Sciences, 7(11): 1-9

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 Tables

 Table 1 Table 2 Table 3 Table 4 Table 5 

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