Abstract The purpose of this study is to examine the relationship between prof- itability and the market value of the bank, and the relation between high and low profitability with market value using the bank size measured by total assets as a control variable. The study sample is the Jordanian banks listed on Amman Stock Exchange for the period from 2010 to 2020. ROE measures the return per equity invested by the owner, and it is important to know how well management is deployed the bank’s equity in the pursuit of earnings. The bank market value is measured using the market-to-book value ratio. The study methods are to use the main model and benchmark model with panel and pooled OLS regression and random effect models approach with several econometrics tools like Husman test, variance inflation factor, and panel granger causality. The study’s main results are that the high-profit banks have a higher market value than low-profit banks, there is a relationship between high and low ROE and market value, there is a relationship between earnings and market value, and the bank size affects the relationship between ROE and market value. About the last result, the Adj R2 for small banks is 26.2%, which is higher than the full sample (16.9%) and large banks (14.1%). As a conclusion, the study recom- mends the creditors and investors benefit from the study results by concentrating more on the company’s financial results before making the investment decision
چکیده فارسی
چکیده هدف از این مطالعه بررسی رابطه بین سودآوری و ارزش بازار بانک و رابطه بین سودآوری بالا و پایین با ارزش بازار با استفاده از اندازه بانک اندازه گیری شده توسط کل دارایی ها به عنوان متغیر کنترلی است. نمونه مطالعه، بانکهای اردن فهرستشده در بورس امان برای دوره 2010 تا 2020 است. ROE بازده هر سهام سرمایهگذاری شده توسط مالک را اندازهگیری میکند، و مهم است که بدانیم مدیریت چقدر از حقوق صاحبان سهام بانک در تعقیب سود استفاده میکند. . ارزش بازار بانک با استفاده از نسبت ارزش بازار به دفتر اندازه گیری می شود. روشهای مطالعه استفاده از مدل اصلی و مدل معیار با رویکرد رگرسیون OLS پانل و تلفیقی و مدلهای اثرات تصادفی با چندین ابزار اقتصادسنجی مانند آزمون هوسمن، عامل تورم واریانس و علیت پانل گرنجر است. نتایج اصلی مطالعه این است که بانکهای پرسود دارای ارزش بازار بالاتری نسبت به بانکهای کمسود هستند، بین ROE بالا و پایین و ارزش بازار رابطه وجود دارد، بین سود و ارزش بازار رابطه وجود دارد و اندازه بانک بر آن تأثیر میگذارد. رابطه بین ROE و ارزش بازار در مورد آخرین نتیجه، Adj R2 برای بانک های کوچک 26.2٪ است که بالاتر از نمونه کامل (16.9٪) و بانک های بزرگ (14.1٪) است. به عنوان نتیجه گیری، این مطالعه به اعتباردهندگان و سرمایه گذاران توصیه می کند که از نتایج مطالعه با تمرکز بیشتر بر روی نتایج مالی شرکت قبل از تصمیم گیری سرمایه گذاری بهره مند شوند
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Editor
William C. Gartner
Department of Applied Economics
University of Minnesota
Saint Paul, MN, USA
ISSN 2198-7246 ISSN 2198-7254 (electronic)
Springer Proceedings in Business and Economics
ISBN 978-3-031-23843-7 ISBN 978-3-031-23844-4 (eBook)
https://doi.org/10.1007/978-3-031-23844-4
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x Contents
Credit Rating of Chinese Companies Based on XGBoost Model . . . . . . . . 99
Lu Ye
Trends in the Use of Validation Tools in the Tourism Sector:
A Bibliometric Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
David García-Arango, Jefferson Quiroz-Fabra,
Alejandro Valencia-Arias, Lina-Marcela Cifuentes-Correa,
Wilmer Londoño-Celis, and Vanesa García-Pineda
Mapping Corruption Forms with Corruption Causes
in Infrastructure Procurement of Pakistan . . . . . . . . . . . . . . . . . . . . . . . . . . . 127
Kiran Shah, Sikiru Ganiyu, and Xiaoxian Zhu
Digital Economy and Artificial Intelligence in Business
Assessment of Trust Level in Digital Economy . . . . . . . . . . . . . . . . . . . . . . . . 147
Viktorija Skvarciany and Daiva Jureviˇcien ̇e
Marketing Communications in the Sharing Economy: Who Is
the Target Segment for Car Sharing? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155
Pavel Pelech
Treat-Before-Collapse: Forecasting Change of National Pension
Assets in G7 and Republic of Korea by Demographic-Based
Machine Learning Approach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167
Young Suh Song, Jang Hyun Kim, and One-Sun Cho
Development of an Expert System to Support the Decision-Making
Process on the Shop Floor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181
Mezhuyev Vitaliy, Sorko Sabrina, Mayer Barbara,
and Lackner Katharina
Fintech Solutions’ Adoption: A Systematic Literature Review . . . . . . . . . 191
Elkouay Meriem and Najib Belkhayat
Industrial Economy and Development
EU Energy Policy: Implications for Renewable Energy Investments . . . . 207
Dubravka Pekanov, Ivana Fosic, and Irena Jadresic
Gambling and Drinking, Do They Go Hand in Hand? The Impact
of Drinking on Gambling Behaviors and Game Outcomes in Texas
Hold’em Poker Short Game . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219
Tianqing Zheng
The Role of Education in the Development of Creative Industries:
The Case of Kazakhstan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 253
Aziza Zhuparova and Lenera Memetova
Contents xi
Policy Analysis for Strategies of Sustainable Development
of Chu-Mango Value Chain in Vietnam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 265
Kiet Hong Vo Tuan Truong and Shaufique Fahmi Sidique
Market Analysis of Television Channels in Kazakhstan . . . . . . . . . . . . . . . 283
A. Nurumov, Zh. Kazhieva, B. Doskalieva, G. Rakhimova,
and G. Yessenova
Tourism and Hospitality Management
Segmenting Generation Z Based on Their Intention to Comply
with Non-mandatory Governmental Protection Measures During
the Tourism Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 295
Irene Kamenidou, Spyridon Mamalis, Aikaterini Stavrianea,
Evangelia Zoi Bara, and Stavros Pavlidis
Information Technologies and Cultural Tourism—The Case
of the Virtual Museums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 309
Vitor Santos
Sustainable Practices in Hotel Chains—A Comparative Analysis
of Official Annual Hospitality Sustainable Reports from Listed
Companies in Macau SAR, China . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 319
Ana Sofia Kong Santos and João Alexandre Lobo Marques
People-Flows: A Proposed Tourist Destination Management
Paradigm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 339
Manos Kalaitzakis, Eirini Sykianaki, Nikitas Michalakis,
Nikos Stivaktakis, Kassiani Balafa, Stavroula Ntoa,
and Constantine Stephanidis
Rural Tourism HUBs in University Innovation Models . . . . . . . . . . . . . . . . 351
Samuel Prieto, John A. Taborda, and Juan M. Montes
Coordination Mechanism of Stakeholders in Tourism Destinations:
A Social Network Analysis Exploration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 363
Yewei Shang, Montserrat Pallares-Barbera, and Francesc Romagosa
Perceptions on Climate Change Challenge Among Hoteliers
and Travel Agencies in Malaysia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 383
Chuie-Hong Tan, See-Nie Lee, and Sin-Ban Ho
Applied Economics and Sustainable Development
The Great Resignation: Shifter of the Modern-Day Workweek . . . . . . . . . 395
Charlotte Situ
Students’ Environmental Awareness and Low-Carbon Behavior:
Exploring the Differences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 411
Djula Borozan and Sanja Pfeifer
xii Contents
Implication of Social Programs on Subjective Economic
Well-Being: A Perspective on the Case of Junin, Peru . . . . . . . . . . . . . . . . . 425
Gianella Mollehuara, Julieta Salazar, Miluska Trujillo,
and Margarita Calle
The Significance of Environmental Accounting in Promoting
Supply-Side Structural Reform . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 439
Zixue Chen
Management Perspective of “Green Strategies”
Research—Scientometric Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 451
Sanja Pfeifer
Author Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 465
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