أثر المخاطر المالية على خلق القيمة في المؤسسة الاقتصادية : دراسة لعينة من المؤسسات المدرجة في السوق المالي السعودي باستخدام نماذج البانل

Abstract EN

This study aims to test the impact of financial risks on creating value for a sample of 30 institutions listed on the Saudi financial market between 2014 and 2018.

To achieve that, we used the variable of the deviation of net income to total assets to express financial risk and Economic Value Added (EVA) to express value creation.

As for, the variables size, growth opportunities and financial return, they have been used as control variables.

By using the descriptive analytical approach and by relying on the models of cross-sectional time-series data, and using R Studio analysis software, this study, has unveiled that the best model for explaining the phenomenon is the fixed effects model.

It has also found that financial risks, size and opportunities of growth have negative impact on value creation in the sample institutions.

However, this study demonstrates, that there has been no impact of financial cost-effectiveness on value creation.