أثر تنويع الاستثمارات الدولية في قيمة المنشأة دراسة تطبيقية في مصارف دولية أردنية

EFFECT OF DIVERSIFICATION INTERNATINAL INVESTMENTS ON VALUE OF FIRM

ABSTRACT

   The international investments variety considersone of the modern strategies adopted by the international works organizations like banking organizations .These organizations endeavor to face probabilities of the fluctuation in its investments returns during study and analysis returns to this investments and also risk accompanied to them in the past ,and diversity the portfolios of its investmental protector in the different sectors and countries .The organizations which are within the international markets have ability to reduce the risk will face .In other words, conduct to diversity the international operation in order to diminish the sensitivity of its performance for local economy circumstances and enviermental variations in the markets which will enter within, for that importance ,this research regards as an attempt to state effect of variety of the international investments on a value of firm for two bank from international Jordanian bank like (Arabian bank and housing bank) in the period from(1996 to 2002) emphasizing on the case represented in aquestion (is there effect to diversity the international investments on a value of firm) for fulfilling an essentional aim is (acquaintance and exhibitance the ideas to an effect of the variety in the international investments on a value of firm) .Now and to accordance to main hypothesis which is said that (Variety of the international investments have positive effect on the value of firm). This hypothesis divides in two branches :-

1. There is positive and moral relation between value of firm and rate of the return on investment.
2. Variety of investment reduces from the total risk .

   This research includes four chapters , The first deals theoretical aspect ,yet ,the second chapter specialized to review the previous studies which have a relationship in the supject of the research and methodicalizim of the research ,whereas, the third chapter deals the practical ans applied aspect of the research , yet ,the fourth chapter deals the conclusions and recommendations deduced and extracted the research .

     The researcher depended on the annual reporters of two banks in all data and informations from the period (1996 to 2002) and used analysis styie in the correlation coefficient , limitation coefficient and testing “T” in the analysis results for asserting reality of the hypotheses remembered former and rely on the results of analysis .The researcher attained several of conclusions , one of them was important related to rejection the first subordinate hypothesis with regard to the Arabian Bank, while , hypothesis accorded with respect to the housing Bank .Whilst the second subordinate hypothesis were accepted as subjects of research. One of the important recommended By the researcher is the establisnment must endcavors to create its investmental portfolio so that correlation coefficient is lees between its investments returns.