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35107

The Economics of the Egyptian Stock Market and the Financing of Tourism and Hospitality Projects: A Comparative Study of some Arab Stock Markets

Article

Last updated: 04 Jan 2025

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-

Tags

Tourism Management

Abstract

Stock Markets are an important part of the economics of the Arabian countries. Securities traded
on a stock exchange include stock issued by listed firms and bonds. The current study aims to
investigate the effect of Stock Split on Market Capitalization and Market Value in Hospitality
and Tourism in three Bourses. For the purpose of the study, determinations of whether Stock
Split made by Hospitality and Tourism Sector Index's firms on the Egyptian Exchange, Saudi
Arabian Stock Exchange and Bahrain Bourse have an effect on the splitting firms. The study uses
historical quantitative data during the period (2010:2018) collected from (ASMs). Based on
linear regression analysis, the findings in Travel and Leisure Index in The Egyptian Exchange
indicated that there is a significant positive relationship effect of Stock Split on Market
Capitalization, Market Value, and Market Value on Market Capitalization. Furthermore, the
results showed that in Tourism and Hotels index in Saudi Arabian Stock Exchange there is a
significant positive relationship effect of Stock Split on Market Capitalization, Market Value,
and Market Value on Market Capitalization. In addition, the results showed that in Hotels and
Tourism in Bahrain Bourse there is a significant positive relationship between of Stock Split on
Market Capitalization, Market Value, and Market Value on Market Capitalization. The results
also revealed that Stock Split on Market Capitalization, Market Value, and Market Value on
Market Capitalization was considered the most criterion validity in the three Bourses.

DOI

10.21608/ijhth.2019.35107

Keywords

Arabian Stock Markets (ASMs), Travel & Leisure Sector Index, Finance, investment, Hospitality & Tourism Projects, Stock Split, Market value, Market Capitalization

Authors

First Name

Sayed

Last Name

Elgarhy

MiddleName

-

Affiliation

-

Email

-

City

-

Orcid

-

First Name

Mohamed

Last Name

Abou-Shouk

MiddleName

-

Affiliation

-

Email

maa15@fayoum.edu.eg

City

-

Orcid

-

First Name

Hanaa

Last Name

Fayed

MiddleName

-

Affiliation

-

Email

-

City

-

Orcid

-

Volume

13

Article Issue

1

Related Issue

5797

Issue Date

2019-03-01

Receive Date

2019-06-17

Publish Date

2019-03-01

Page Start

96

Page End

113

Print ISSN

2636-4131

Online ISSN

2636-414X

Article File

IJHTH_Volume 13_Issue 1_Pages 96-113.pdf

PDF . 1.0MB

Link

https://ijhth.journals.ekb.eg/article_35107.html

Detail API

https://ijhth.journals.ekb.eg/service?article_code=35107

Order

7

Type

Original Article

Type Code

804

Publication Type

Journal

Publication Title

International Journal of Heritage, Tourism and Hospitality

Publication Link

https://ijhth.journals.ekb.eg/

MainTitle

The Economics of the Egyptian Stock Market and the Financing of Tourism and Hospitality Projects: A Comparative Study of some Arab Stock Markets

Details

Type

Article

Created At

22 Jan 2023