"دور التحفظ المُحاسَبي في التأثير على القيمة السوقية للمصارف المحلية المدرجة في بورصة فلسطين في ظل تعديلات حوكمة المصارف الفلسطينية 2014"
لؤي موسى محمود الوحواح
Loay Musa Mahmoud Alwehwah
This study aimed at revealing the role of accounting conservatism in effecting the public listed Palestinian Banks market value in light of the Amendments to the Palestinian Banking Governance Manual issued in 2014, the researcher used the analytical approach, and the population of the study consisted of all six public listed banks in the Palestinian Exchange Market during the period from 2009- 2013 and 2015-2019, sixty observations in total, and for reaching its results the researcher used the Cross Sectional Time Series “Panel Data Method” by implementing Random Effect Model (REM), Fixed Effect Model (FEM) and Pooled regression model (PRM). The study concluded that the market value of the Palestinian listed bank increased after the Amendments made to the banking sector governance manual, and there were differences in the degree of accounting conservatism practiced by Palestinian banks before and after the amendments, as it was found that according to the BTM model after the amendment conservatism degree was higher than it was before, although there were differences according to Basu1997 model but this time the opposite situation was found where the degree of conservatism before the amendments was higher than after, but according to the accrual model(TACC/EBXT) there was no difference in the accounting conservatism before and after of the amendments. Regarding the role of accounting conservatism affecting the market value of the Palestinian public listed banks, the study found that there was positive role according to both BTM & Accrual models, where according the BTM the effect was higher after the amendments than before, while according to the accrual model the effect was higher before the amendments than after, but according to the Basu1997 the opposite situation was found where conservatism had negative effect on banks market value before the amendments while there was no effect at all after the amendments. Based on the study results, the researcher recommends the necessity that regulatory body of the Palestinian banking sector (Palestinian Monetary Authority) to increase attention to accounting conservatism and to strengthen the control over the financial policies adopted in Palestinian banks, although to ensure the application of reasonable degrees of accounting conservatism, and to encourage banks managements to apply additional effort to maintain reasonable conservative policies It also urges the concerned authorities to issue legislation requiring the exercise of conservatism while obliging the external auditor to express his opinion on the level of the practiced conservatism in banks financial statements, in order to ensure that statements issued by banks are far from exaggeration and more reliable.