أثر العوامل المالية على ربحية السهم دراسة حالة لعينة من الشركات الصناعية المدرجة في بورصة الكويت للفترة 2014-2019

Abstract EN

This study aims to find out the impact of financial factors and ratios which are: “Financial Leverage (FL), Return on Equity (ROE), Finance Cost (FC), and Dividend Paid (Div)”, on the Earning Per Share (EPS), in a sample of 23 industrial companies listed on the Kuwait stock exchange during the period 2014-2019.

To achieve the objectives of the study; the Heterogeneous linear Panel models were used, through the statistical program EVIWES 12.

The results showed that there is a positive impact of “FL” on the “EPS” with no statistical significance, while the other factors affect the EPS in different way according to each company separately, and this is due to the Heterogeneity.

The study concluded also found a strong explanatory ability with a statistical significance for the whole model represented in the explanatory variables on the dependent variable “EPS”, where the value of the coefficient of determination and the probability of “Fisher” were: Adj R2= 0.9976 and Prob F-stat= 0.000.