Vol. 20, N°3 (2025)

63

25

The impact of dividend policies on share value in the Iraqi banking sector

Résumé

This study aims to analyze the impact of dividend policies on the market value of shares in the Iraqi banking sector, focusing on periods of global financial crises such as the subprime mortgage crisis (2008), security events (2014), and the COVID-19 pandemic (2020). The research relied on an analytical methodology that included financial data for a number of Iraqi banks listed on the stock market, such as the Commercial Bank of Iraq and the Bank of Baghdad, during the period from 2007 to 2022. The results showed a statistically significant positive relationship between dividend policies and market value of shares, with dividend ratios explaining 72% of the changes in market value (R² = 0.72). The study also revealed variability in bank performance during crises, with a significant improvement in earnings per share during the COVID-19 pandemic due to improved asset management efficiency. On the other hand, economic fluctuations negatively impacted dividend decisions, but some banks were able to offset losses through flexible financial policies. The study recommends adopting stable and transparent dividend policies to enhance investor confidence, improve operational efficiency, and develop financial contingency plans to cope with economic fluctuations. It also recommends expanding the scope of the study to include other sectors and longer time periods.

Comment citer cet article

ميادة مهدي صالح و ريم الحديجي (2025) " تأثير القدرات الديناميكية على تحسين الأداء المالي في الشركات الفلسطينية " المجلة العالمية لإدارة الأعمال و التكنولوجيات، المجلد 20، العدد3 سبتمبر، ص131-147