سياسة توزيع الأرباح وتأثيرىا على مؤشراتت الأداء المالي لممؤسسة الاقتصادية دارسة عينة من الشركات المدرجة في بورصة الكويت خلال الفترة الممتدة من 2013 إلى 2019

Abstract

The relationship that combines the dividend policy with financial performance is one of the most discussed topics amongst researchers in Financial Management, as no specific point was reached to show the nature of this relationship. This study aims at identifying to what extent the influence of the dividend policy over the financial performance indicators for 21 economic institutions listed on the Kuwait Stock Exchange during the period 2013-2019, the data used in this study were collected from the reports and financial statements available on the Kuwait Stock Exchange website, in order to analyse these data, the descriptive statistics and the correlation matrix were used as we applied the Panel Data Analysis method in the statistical program Eviews10. The results of the study revealed the existence of a statistically significant impact relationship between the rate of return on equity and dividend policy (earnings per share and share of cash dividends), in addition to the existence of an impact relationship between the return on assets and the retained earnings per share at the level of 5% significance, we also found that the earnings per share variable was the most independent variable affecting the financial performance indicators of listed institutions on the Kuwait Stock Exchange.