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Register a new userThe Impact of Financial Performance on The Dividend Policy (Applying to the Damascus and Amman Stock Exchange markets)
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Tishreen University مقالة
Publication date
2019
fields
Economy
and research's language is
العربية
Created by
امانة التحرير مجلة جامعة تشرين
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This research aims to shed light on the impact of the financial performance of companies listed in the Damascus and Amman Stock Exchanges on the dividend policy adopted by these companies during the period. (2010-2017) to achieve this objective, the researcher used a hypothetical-deductive approach to formulate the hypotheses; and analyzed the financial statements of all companies listed in the Damascus and Amman Stock Exchanges. The results of the study showed that there is an impact on the proportion of the company's investment potential (EPS) and the activity ratios (FAT) affect the percentage of cash dividends distributed by the industrial companies listed in the Damascus and Amman Stock Exchanges. The profitability ratio (return on assets (ROA)), Earnings per share (EPS), Debt ratio (DR) and activity ratios (FAT) effect on the percentage of cash dividends distributed in the service companies listed in the Damascus and Amman Stock Exchanges. The profitability ratio (return on assets (ROA)), and the ratio that measures the company's investment potential (EPS) effect on the percentage of cash dividends (DPR) in the financial companies listed in Damascus and Amman Stock Exchanges.
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Research summary
تهدف هذه الدراسة إلى تسليط الضوء على تأثير الأداء المالي للشركات المدرجة في سوقي دمشق وعمان للأوراق المالية على سياسة توزيع الأرباح المتبعة من قبل هذه الشركات خلال الفترة من 2010 إلى 2017. استخدم الباحث المنهج الفرضي-الاستنباطي لصياغة الفرضيات، وقام بتحليل البيانات المالية المنشورة لجميع الشركات المدرجة في السوقين، والبالغ عددها 83 شركة. أظهرت نتائج الدراسة وجود تأثير لنسبة العائد على السهم (EPS) ونسب النشاط (FAT) على نسبة الأرباح النقدية الموزعة (DPR) في الشركات الصناعية، وتأثير نسب الربحية (ROA)، العائد على السهم (EPS)، نسبة المديونية (DR) ونسب النشاط (FAT) على نسبة الأرباح النقدية الموزعة في الشركات الخدمية. كما أظهرت النتائج تأثير نسب الربحية (ROA) والعائد على السهم (EPS) على نسبة الأرباح النقدية الموزعة في الشركات المالية. خلصت الدراسة إلى أن الأداء المالي يؤثر بشكل كبير على سياسة توزيع الأرباح في الشركات المدرجة في سوقي دمشق وعمان للأوراق المالية، وأوصت بضرورة تعزيز كفاءة تشغيل الأصول الثابتة وتوزيع جزء من الأرباح المحتجزة على المساهمين.
Critical review
دراسة نقدية: تعتبر هذه الدراسة مهمة في سياق فهم العلاقة بين الأداء المالي وسياسة توزيع الأرباح في الأسواق المالية العربية. ومع ذلك، يمكن توجيه بعض النقد البناء للدراسة. أولاً، قد يكون من المفيد توسيع نطاق الدراسة ليشمل أسواق مالية أخرى في المنطقة العربية أو مقارنة النتائج مع أسواق مالية دولية للحصول على صورة أكثر شمولية. ثانياً، لم تتناول الدراسة بشكل كافٍ تأثير العوامل الخارجية مثل الأوضاع الاقتصادية والسياسية على سياسة توزيع الأرباح. ثالثاً، كان من الممكن استخدام تقنيات تحليلية أكثر تنوعاً لتعزيز دقة النتائج. وأخيراً، قد يكون من المفيد تقديم توصيات أكثر تفصيلاً للشركات حول كيفية تحسين سياساتها لتوزيع الأرباح بناءً على النتائج المستخلصة.
Questions related to the research
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ما هي الفرضية الرئيسية للدراسة؟
الفرضية الرئيسية للدراسة هي أن هناك علاقة مباشرة بين الأداء المالي وسياسة توزيع الأرباح للشركات المسجلة في سوقي دمشق وعمان للأوراق المالية.
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ما هي النسب المالية التي تم تحليلها في الدراسة؟
تم تحليل نسب الربحية (ROA)، العائد على السهم (EPS)، نسبة المديونية (DR)، ونسب النشاط (FAT) في الدراسة.
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ما هي التوصيات التي قدمها الباحث بناءً على نتائج الدراسة؟
أوصى الباحث بضرورة تعزيز كفاءة تشغيل الأصول الثابتة، توزيع جزء من الأرباح المحتجزة على المساهمين، والبحث عن مصادر تمويل خارجية لتعزيز قدرة الشركات على دفع توزيعات أرباح نقدية.
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ما هي الفترة الزمنية التي غطتها الدراسة؟
غطت الدراسة الفترة الزمنية من 2010 إلى 2017.
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