تأثير مؤشرات الأداء المالي على القيمة السوقية لأسهم الشركات الخدمية المدرجة في مؤشر SBF 120 الفرنسي خلال الفترة (2013-2017)‎

الملخص EN

The purpose of this study is to show the ability of traditional and modern financial performance indicators to explain the market value of shares.

The study sample includes 30 service companies listed in the French SBF120 index between 2013 and 2017, using the multiple linear regression model.

The study concluded that there is a relationship between traditional and modern financial performance indicators (earnings per share, return on equity, market added value) and the market value of shares.

Furthermore, it showed results that exceed the traditional indicators in the interpretation of the market value of the shares where the interpretation ratio was 42.01 %.

However, the Modern indicators didn’t exceed 8% of the market value of the shares.

Finally, the results demonstrated the validity of the application of signal theory in the French market.