دور إدارة المخاطر المالية في تعظيم قيمة الشركات: (دراسة تطبيقية على الشركات المساهمة بسوق رأس المال بالمملكة العربية السعودية)‎

Abstract EN

The research aims to study the impact of financial risk management on maximizing the value of joint stock companies in the Saudi market.

The sample consists of ten companies listed in different sectors, during the period: 2017-2019.

We use fixed effects method, random effects method, and Haussmann's test to choose the best of them.

Our results show that there isn’t any significant relation between financial risk management and the ability of companies to attract creditors, and the company’s liquidity and profits do not affect the risks associated with investment or the return on shares in the market.

On the other hand, we prove the existence of a significant relation between financial risk management and the market value of the stock, and thus the returns on investments affect the value of the shares in the market.

We don’t find a significant relation between financial risk management and stock returns, and between financial risk management and the market value index to book value.

Though, we prove a significant relation between financial risk management and the market value of the stock, and thus the returns on the company's investments affect the value of the shares in the market.

We also don’t find a significant relation between financial risk management and stock returns, and between financial risk management and the market to book ratio.