اثر احتجاز الارباح علي القيمة الدفترية و السوقية و الارباح الراسمالية للاسهم دراسة تحليلية علي البنوك الاردنية للفترة(2003-1999)

The Impact of Retained Earnings on Book Value Market Value and Capital Gain of Stocks An Analytical Study on Jordanin Banks for the Period 1999 - 2003

This study examines the impact of retained earnings policy of the Jordanian Banks on their share's book value and the effect of book values which have been determined in accordance to the retained earning policy on the market values of such shares , and analyzing the effect of this policy on share's capital gains that shareholders may realize .The research studies (9) Jordanian Banks for the period (1999-2003) . The result of the study has revealed that there has been a positive relation (linear or non-linear) between retained earnings on one hand and share's book values , market value and capital gains from the other side for the study's sample , for four years out of five years of the study period (2000 -2001-2002- 2003 ) after exempting 1999 as there were no retained earnings during this year, which means the more the retained earnings are the higher the book value which will in turn affect the share's market values and capital gain positively.