الرفع المالي كمتغير معدل لتأثير كفاءة رأس المال الفكري على الأداء المالي: دراسة تطبيقية على الشركات المالية المدرجة في بورصة فلسطين
DOI:
https://doi.org/10.35516/jjes.v12i2.3295الكلمات المفتاحية:
كفاءة رأس المال الفكري، الرفع المالي، الأداء المالي، كفاءة رأس المال البشري، كفاءة رأس المال الهيكلي، كفاءة رأس المال المادي، كفاءة رأس مال العملاءالملخص
الأهداف: هدفت الدراسة إلى بيان أثر الاستثمار في رأس المال الفكري على الأداء المالي، كذلك بيان مدى تأثير الرفع المالي كمتغير معدل للعلاقة بين كفاءة رأس المال الفكري والأداء المالي.
المنهجية: طُبّقت الدراسة على عينة من (12) شركة من الشركات المالية المدرجة في بورصة فلسطين خلال الفترة الممتدة 2011-2022م، وقد تم تطبيق نموذج ( 2000, Pulic s’) لقياس رأس المال الفكري، ولتحقيق أهداف الدراسة تم استخدام الانحدار المتعدد والانحدار الهرمي.
النتائج: أظهرت نتائج الدراسة وجود أثر ذي دلالة إحصائية(α≤0.05) لكفاءة رأس المال الفكري (كفاءة رأس المال البشري، كفاءة رأس المال الهيكلي، كفاءة رأس المال المادي، كفاءة رأس مال العملاء) على كل من معدل العائد على الأصول (ROA) والعائد على حقوق الملكية (ROE)، كذلك وجود أثر للمتغير المعدل ( الرفع المالي) على التفاعل بين المتغيرات المستقلة المتعلقة برأس المال الفكري وكلٍّ من العائد على حقوق الملكية والعائد على الأصول، حيث استطاع المتغير المعدل (الرفع المالي) أن يُحدث تغييراً جوهرياً في العلاقة بين المتغيرات الفرعية لرأس المال الفكري والعائد على حقوق الملكية وتحويلها إلى علاقة دالة إحصائياً.
الخلاصة: اهتمام إدارات البنوك وشركات التأمين في فلسطين بالرفع المالي ، وذلك من خلال مواءمة مصدر التمويل مع طرق توظيف الأموال مما سيؤدي إلى تفعيل دور رأس المال الفكري في تحسين الأداء المالي.
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