العلاقة بين الارباح المحاسبية و عوائد الاسهم في سوق دمشق للاوراق المالية

The purpose of this study is to investigate the ability of accounting earnings in explaining the variationsof stock returns of listed firmsonthe Damascus Securities Exchange. The ultimate goal is to assess the usefulness of accounting earnings in investors’ investment decision.The study - using data during four years from 2009 (beginning of trading) and 2012- conducted on the firms listed on the Damascus Securities Exchange; the relationship between stock returns and accounting earnings has been tested based on Return Regression Model.The findings show that the relationship between annual accounting earnings and stock returns is so weak; As a result, the usefulness of annual accounting earnings is so little for investment decision making based on return regression model.