Whereas the H0 means that the accounting information contained in financial reports is insufficient to guide in the investment decision (less than or equal 3), while the substitutive hypothesis H1 referred that the accounting information contained in financial reports is sufficient to rationalize the investment decision (more than 3). Table No. 20 Result of a (Sign Test), for the table of the second area The The number number The The value The value The second scope of of number Total Sig of general of Z negative positive of zeros median signals signals the availability of accounting information in the financial 0 4 67 12 53 132 6.075- reports to guide the investment decisions The level of statistical significance when = 0.05 α From the previous table we can see that the value of Z is statistically significant at = 0.05, which means that the median of the individual answers α on the second table higher than from the median used as a measurement which is (3), and enhance the result the value of general median (4) which means according to the measurement used in the questionnaire. Thus we Significantly conclude from this, the respondents believe that the firm provide different accounting information to guide their investments is significant from their point of view. Accordingly, we reject H0 which stats the accounting information contained in financial reports is insufficient to guide in the investment decision ,and accept the hypothesis H1 that the accounting information contained in financial reports is sufficient to rationalize the investment decision.
Whereas the H0 means that the accounting information contained in financial reports is insufficient to guide in the investment decision (less than or equal 3), while the substitutive hypothesis H1 referred that the accounting information contained in financial reports is sufficient to rationalize the investment decision (more than 3). Table No. 20 Result of a (Sign Test), for the table of the second area The second scope The number of negative signals The number of positive signals The number of zeros Total The value of Z Sig The value of general median the availability of accounting information in the financial reports to guide the investment decisions 67 12 53 132 6.075- 0 4 The level of statistical significance when α = 0.05 From the previous table we can see that the value of Z is statistically significant at α = 0.05, which means that the median of the individual answers on the second table higher than from the median used as a measurement which is (3), and enhance the result the value of general median (4) which means Significantly according to the measurement used in the questionnaire. Thus we conclude from this, the respondents believe that the firm provide different accounting information to guide their investments is significant from their point of view. Accordingly, we reject H0 which stats the accounting information contained in financial reports is insufficient to guide in the investment decision ,and accept the hypothesis H1 that the accounting information contained in financial reports is sufficient to rationalize the investment decision.
Role-of-Accounting-Disclosure-in-Guiding-the-Investment-Decisions-in-Palestine-Exchange.docx