العلاقة بين مكونات هيكل الملكية والقيمة السوقية في ظل معايير الإبلاغ المالي الدولي: دراسة تطبيقية في سوق العراق للأوراق المالية

الملخص EN

The ownership structure is one of the topics that have attracted the attention of researchers and those interested in the affairs of joint-stock companies because of its clear impact on various aspects of the companies' performance, as the behavior of shareholders is affected by the indications given by the type of ownership structure that draws and to a large extent the problem of stewardship in the company, as well as its influence in preparing corporate reports, as well as the type of ownership structure, has a different effect on the value of the company, so there is a need to delve into it in order to clarify and highlight aspects that are shrouded in ambiguity.

accordingly, the research aims to clarify the concept and importance of the components of the ownership structure and their relationship to the market value of commercial banks listed in the Iraq stock exchange, by selecting 11 commercial banks listed in the regular market and conducting tests on them for the two periods from (2010-2014) and (2015-2019), that is, before and after the application of international financial reporting standards, using multiple linear regression analysis to test hypotheses by relying on the statistical analysis program (Eviews 9) for the purpose of conducting hypothesis testing, and the study concluded that there is a relationship between the ownership structure and the value of the company that varies according to the components of the ownership structure, and showed results the statistical test for the banks, the research sample for the existence of an inverse relationship between the percentage of administrative ownership and the market value before and after the implementation of the IFRS standards, which indicates that the application of standards did not affect the administration’s orientations towards achieving its interests at the expense of the interests of other parties, which leads to a decrease the market value of the bank with an increase in the percentage of administrative ownership, as well as the results of the statistical test for banks, the research sample showed that the application of international financial reporting standards if RS has an impact on the type of relationship between the percentage of major shareholders and the market value, as the increase in the percentage of major shareholders led to a decrease in the market value of the banks, the research sample in light of the application of international financial reporting standards.