أثر احتجاز الأرباح على القيمة السوقية للشركة : دراسة تحليلية لعينة من الشركات الصناعية المدرجة في سوق العراق للأوراق المالية

Abstract EN

The research aims to find the relationship and the impact of profit retention on the market value of companies, as business companies consider profit retention as an integral part of the company's strategy.

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

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

The importance of the research stems from achieving the main objective of the study, which is to show the effect of retaining profits on the market value of the company.

Given the importance of the impact of profit retention on the value of the company, decision-making and its impact on the company in general and the value of the company in particular, the research problem arose in the extent of the impact of profit retention on the value of the company, and is there a discrepancy in profit retention in the value of the company between one company and another? In order to achieve 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 study 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 indicate 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 Indicate the value of the company, Unit Root Test.

The research reached many conclusions, the most important of which was that the three profit retention indicators combined (profit retention ratio, profit retention growth rate, profit retention ratio to earnings per share) have a significant impact on the value of the company and contribute by (90% ) to the changes that occur in the value of the company.

company.

The results also showed that there is a clear discrepancy in the effect of profit retention indicators on the value of industrial companies.

The research recommended a set of recommendations, the most important of which falls on the industrial companies listed in the Iraq Stock Exchange and represented by the financial management of these companies, a great work in order to develop procedures that allow investors to see the retention of profits, that there should be a clear standard for the company to provide to shareholders in order to take the decision of detention so that there is Inform the shareholders.

Where the research sample represents the industrial companies listed in the Iraq Stock Exchange and consisting of (5) companies from the industrial sector during the period 2007 - 2020.