أثر سياسة توزيع الأرباح في قيمة الشركة :b دراسة تطبيقية على عينة من الشركات الصناعية المدرجة في السوق العراقية و السعودية و القطرية

الملخص EN

The research aims to find the relationship and the extent of the impact of the policy adopted by business companies in the mechanism (distribution) of profits on the value of the company, as most companies look at the dividend policy as an integral part of the company's strategy, so the management must decide the amount of dividends and the timing It distributes profits.

The company's dividend policy determines the amount of dividends the company pays to its shareholders and the frequency of dividend payments.

When a company makes a profit, it needs to decide what to do with it.

They can either retain profits in the company, or they can distribute money to shareholders in the form of dividends.

Dividends are the share of profits that are distributed to the shareholders of the company and the return that the shareholders receive for their investment in the company.

The importance of research stems from achieving the main objective of the research, which is to show the impact of the dividend policy on the company's value.

Where the research sample represents industrial companies listed in both the Saudi Stock Exchange and the Qatar Stock Exchange, as it is one of the developed markets that provides information that suits all the beneficiary parties in addition to the Iraq Stock Exchange and for the period from 2007 - 2020, which is considered a sufficient period To know the dividend policy and its impact on the value of the company, and in order to reach a temporary solution to the research problem, the hypothesis was adopted, which states that there is a significant statistically significant relationship between the dividend policies and the company's value.

In order to reach the objectives of the research and test its hypotheses and verify their validity, the descriptive analytical approach was adopted based on the theories and empirical financial studies that dealt with the subject of the research and the analytical approach based on the statistical tools represented by the Multiple Linear Regression Model, the Simple Linear Regression Model, the Simple Linear Regression Model (t) t-test (F) F-test Coefficient of Determination (R2): Coefficient of Determination Used to show the explanatory power of a regression model Pearson Correlation Coefficient (r) A measure of the relationship or correlation between each of the dividend or holding indicators And the value of the company, Unit Root Test.

The research reached many conclusions, for the Iraqi industrial companies, the research sample, it was found that the three profit distribution indicators combined (dividend distribution ratio, dividend growth rate, dividend distribution ratio to earnings per share) do not have a significant effect on the value of the company, while the Saudi industrial companies The research sample, it was found that the three profit distribution indicators together have a moral effect on the value of the company, so the research recommended that the Iraqi industrial companies in the research sample should establish firm foundations and clear visions in the financial statements of these companies in order to know the procedures related to the policies (dividend distribution, profit retention) In more detail.