تأثير توزيعات الأرباح على القيمة السوقية لأسهم شركة صيدال المدرجة في بورصة الجزائر خلال الفترة (1999-2019)‎ باستخدام طريقة الانحدار الذاتي للفجوات الزمنية الموزعة ARDL

Abstract EN

This study aims to identify the extent effect of the Saidal dividends (listed on the Algiers Stock Exchange) on the market value of its shares during the period (1999 - 2019), mainly by relying on the Autoregressive Distributed Lag method (ARDL).

The findings show a positive relationship between the dividends and the market value of the share, and its show also that One - way causal relationship in both the short and long term from the independent variable (dividends ) to the dependent variable (the market value of the share), but the opposite is not true, and through the error correction model and testing the Cointegration using the Bounds Test approach, The study concluded that there is a long-term equilibrium relationship between the dividends and the market value of the share.