تفاصيل الرسالة العلمية

This study aimed to identify the impact of liberalization of the Amman Stock Market on price volatility, and the trend of this effect, as well as to identify the relationship between information and volatility in terms of stock returns that track the liberalization process of the stock market. In order to achieve this goal, the study relied on daily stock returns data of the Amman Stock Market for the period (1993-2014). The study period, in which the financial statements were taken, was divided into two periods. The first period before the liberalization of the stock market (1993-2000) and the second after the liberalization of the stock market (2001-2014). The appropriate statistical analysis through (E-viwes) software using the model (GARCH) was conducted. The study findings showed that there is an impact of the liberalization of the stock market on the volatility pattern in the Jordanian stock market, and that after the liberalization of the stock market increased speed and accuracy of the flow of information to the market. Further, there are some of the events and factors such as wars and disasters that occur suddenly that lead to severe intense and illogical volatility in the stock market such as upon the death of the late King Hussein Bin Talal, and the event at the US-Iraq war and the occupation of Baghdad in 2003. further, the variation in price volatility before the liberation period was integrated indication that the news have lasting effects on the price volatility