اثر كل من الاستثمار في الاصول غير الملموسة، والاداء المالي، والسياسة المالية على القيمة السوقية للشركات المساهمة العامة المدرجة في بورصة فلسطين

This study aimed at testing the effect of Investment in intangible Assets, financial Performance and Financial Policy on the firm value. The study was applied on a sample of 34 Palestinian corporation listed at the Palestinian Security Exchange during the period 2006-2014. In order to achieve the study objectives, multiple regression analysis and path analysis were used to clarify the relationship between the study variables. The results of the study showed that the Palestinian corporations within the industrial sector scored the highest average of investment in intangible assets, but the corporations within the investment sector didn’t invest in intangible assets. Investment in intangible assets, the corporate performance (measured by current ratio, return on assets ROA, asset turnover), and financial policy (measured by debt to equity ratio and dividend ratio) have significant effect on the market value of the corporations listed at the Palestinian Security Exchange. The study recommends that the Palestinian corporations should increase investment in intangible assets, especially, in information technology, research and development, training and qualification of employees in order to strengthen the financial position and then increase the market value. Keywords: Intangible assets, Financial Policy, Financial Performance, Firm Value