أثر المؤشرات المحاسبية على القيمة السوقية لأسهم الشركات المدرجة في سوق المال السعودي

الملخص EN

The study aimed at identifying the impact of some accounting indicators on the market price per share for the companies listed in Kingdom of Saudi Arabia (KSA) stock market during the period of 2011-2014.

The study tried to find out the relationship between some accounting indicators and market price per share for those companies; as well as examining the impact of these indicators on market price per share for these companies.

The study adopted “SPSS” program in data processing to find out the correlation between accounting indicators as independent variables and market price per share for companies under study as a dependent variable.

The study used a multiple linear regression model to identify the impact of the entire independent variables on market price per share of the companies in KSA.

The study most important results include the following: the existence of a significant statistical correlation between the independent variables and the dependent variable at (level of Sig = 0.000).

Also, the entire independent variables affect the market price per share of the companies by 73%.

Moreover, the independent variables such as (earning per share, market price/book value, return on equity), have the most effect on the dependent variable (market price per share) at (level of Sig = 0.000).

The study recommended that investors in KSA capital market should pay attention to the accounting indicators in general and (earnings per share, market price/book value, return of on equity) in particular in order to build their investment decision.