العلاقة بين سياسات توزيع الأرباح و القيمة السوقية للسهم و أثرهما على حجم التداول : دراسة في عينة من المصارف المسجلة في سوق العراق للأوراق المالية"

Abstract EN

The dividend distribution policy is one of the most important decisions taken by managers.

This decision is of great importance in achieving the main objective of the shareholders, which is to maximize their wealth through the profits they receive as well as the repercussions of these profits on the share price.

This study aims at measuring the relationship between the policy of dividend distributions in the market value of the shares, as well as the statement of the impact of the profit distribution policy and the market value of the share on the volume of trading in banks through a study in a sample of banks registered in the Iraqi market for securities.

In the current research, the Statistical Package for Social Sciences (SPSS) was used to extract the correlation value and the simple regression of the correlation results between the profit distribution policy, the market value of the stock and the interactive effect on the volume of trading.

The study reached a number of conclusions, the most important of which were the following: (1)that the volume of circulation of the stock plays a large role and important in the change in share prices, when the shares increase, the increase in volume is desirable and desirable, but in the case of low prices, the desirable is to reduce the volume of trading.

(2)The results of the research indicated that the existence of the variables of dividend distributions per share and the market value per share affect the volume of trading, which results in a significant effect of the two variables on the value traded.

In light of the above, the most important recommendations were: (1) The researchers recommend that banks seek to increase the distribution of dividends to shareholders and not to hold profits at the expense of distributions to encourage the public to invest its money in the market.

(2) The researchers also recommend to conduct more field research on the subject of research as well as within the Iraqi environment, which may give a clearer picture of the variables that affect the prices of shares listed companies in the Iraqi market for securities.