استخدام التحليل العاملي في تحديد اهم النسب المالية المؤثرة في القيمة السوقية لأسهم عينة من المصارف الأردنية

الملخص EN

Financial ratios are one of the important indicators that investors rely on in the evaluation process to know the financial institution's strength and correctly evaluate its shares.

Hence, the research focused on the use of the method of factor analysis to reduce the number of variables involved in the process of determining the most influential ratios on the market value of the banks of the research sample, to identify the most important ratios affecting the market value of each bank.

Therefore, the research sought to identify a set of ratios used and nominate the best of them, using factor analysis, which filters variables and gives the size of the effect and what are the most critical variables that can be relied on and show their impact on the market value, by multiple regression after testing the stillness of the data adopted in the research using the Dicky Fuller model.

So, the study moved in stages.

It is the compilation of data from 2000 to 2016, then work on the stability of the series, filtering the ten variables by factor analysis, and then choosing the most influential variables to perform multiple regression on them where R2 reached more than 90.

The research concluded that the factorial analysis reduced the number of research variables that affect the stock value.

The first level variables included the standard variables of the three banks that had dividends distributed per share, dividends distributed to market capitalization, and the second level included standard variables for at least two banks, namely return per share, market value to return, dividends distributed per share to return per share, market value to book value.