This study aimed to test the effect of macroeconomic factors on the movements of stock\nprices of Jordanian industrial companies listed in Amman Stock Exchange (ASE) in order to\nprovide empirical evidence about the determinants of the movements of stock prices. To\nachieve this objective, all the 77 Jordanian industrial firms listed at ASE for fifteen years\nfrom 2000 to 2014 have been selected, resulting in 1054 firm-year observations. The\nunbalanced pooled cross-sectional time series multiple least square regression method has\nbeen used to present data analysis. while the experiential results showed significant negative\neffect of two of the macroeconomic factors, namely, interest and inflation rates, on the\nmovements of the Jordanian industrial companies stock prices, results found that the effect of\nmoney supply and GDP on the movements of stock prices were significantly positive. These\nresults are consistent with (Mukherjee and Naka, 1995, Zhao, 1999 & Udegbunam and Eriki,\n2001, Al-Qenae, Li & Wearing, 2002, Dimitrios Tsoukalas, 2003 , Ibrahim 2003; Chaudhuri\nand Smiles, 2004)
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