The Impact of Accounting Information and Macroeconomic Variables on the Stocks Market Prices of Saudi Stock Exchange.

Abstract

The main aim of this study is to analyze the financial and microeconomic information, and to find the relationship between these information and its impact upon the stock prices of selected companies in Saudi Arabia stock exchange. The researcher used the descriptive analytical method for the purpose of the study, to achieve the aim of the study, the researcher used gathered the monthly information of the stock price of the selected companies using financial ratios and historical data of interest rate, inflation rate, oil prices and exchange rate, the researcher adopted various statistical tests, single regression method to examine each hypotheses separately, t-test to test the effect of every independent variable on the dependent variable in single regression method. Also F-test was used to examine the effect of more than one variable on the dependent variable in the same time. The main finding of this study was the Saudi Arabia stock market like any other stock exchange responds to the changes in market information which is reflected directly on the stock prices.