The effect of multiple ownership patterns on the company value: An applied study on a sample of companies listed in Iraq Stock Exchange
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Abstract
The research aims to know the extent of the impact of ownership patterns on the value of the company by applying it to a sample of banks listed on the Iraq Stock Exchange. To achieve this goal, the study examined a sample of Iraqi banks listed on the Iraq Stock Exchange, for (15) banks for the period extending from 2012 to 2021. To collect primary data to measure the study variables, ownership patterns were measured through their patterns represented (administrative ownership, concentration of ownership, institutional ownership, and foreign ownership), while the value of the company was measured by Tobin's Q equation. Descriptive analytical methods were used, namely the arithmetic mean and standard deviation, and the correlation coefficient and regression were used in statistical analysis to test the study hypotheses, relying on the statistical program (SPSS). The research concluded that there is no statistically significant relationship between ownership patterns in the value of the company. The study recommended the need to work on the importance of ownership structure because of its role in reducing the state of uncertainty among the company’s management when making investment decisions, in addition to its role in reducing agency costs and the need to pay attention to aspects that help in maximizing the company’s value
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