محددات القيمة السوقية للأسهم : دراسة تطبيقية لعينة من الشركات المدرجة في سوق العراق للأوراق المالية للمدة من 2015 لغاية 2018

Abstract EN

Financial markets are one of the most important financing sources needed in the process of development by creating liquidity to liquidate savings and provide investment opportunities.

These investment opportunities have witnessed many winning and losing trades because of fluctuations in market value.

Therefore, the stability of the value is a key element of the market stability.

as a result, knowing the determining variables of the value became a major concern for many studies being one of the criteria that reflects the value of the company.

The study aimed at knowing the effects of micro variables (debt ratio, turnover, earning per share, return on investment and return on equity ) on the independent variable represented by market value and applying them on a sample of companies listed in Iraq stock market.

The study based on regression model by using the method of integration between time series and cross section (panel data).

After testing the panel data models ( pooled regression model (PRM), fixed effect model (FEM) and random effect model( REM), we find that the appropriate model is the fixed effect model (FEM).

According to FEM the study concluded that all variables are statistically significant except ROE which is statistically insignificant, whereas the most effecting variable is EPS.