The relationship between the intrinsic value of the stock and the institutional investor behavior applied on the listed firms in Kuwait stock market

المجلة العلمية للبحوث والدراسات التجارية Pub Date : 2023-12-01 DOI:10.21608/sjrbs.2023.177322.1410

جراح جمال علي صبحان

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Abstract

This thesis is conducted to examine the relationship between the intrinsic value of the stock and the institutional investor behavior applied on a sample of 159 companies which represent the listed firms in Kuwait stock exchange market . The judgmental sample to 6 listed firms so we can apply the DCF model and the present value coefficient to acquire the growth rate to get (the intrinsic value of the stocks) the independent variable. It was relied on the survey list to collect primary data for the dependent variable (institutional investors behavior) a questionnaire consists of 13 questions presented to 31 portfolio managers, assistant managers and investment senior analyst in several institutional investments to analysis their behaviors. The study found a statistically significant relationship between intrinsic value of the stock and the institutional investors behavior. Furthermore, the study shown a significant positive correlation between the intrinsic value of the 6 company stocks that generated by the DCF model compared with the average market price for each year by the Correlation coefficient for 9 years

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应用于科威特股票市场上市公司的股票内在价值与机构投资者行为之间的关系

本论文以科威特证券交易所市场的 159 家上市公司为样本，研究股票内在价值与机构投资者行为之间的关系。判断样本为 6 家上市公司，因此我们可以应用 DCF 模型和现值系数来获取增长率，从而得到自变量（股票内在价值）。因变量（机构投资者行为）的主要数据是依靠调查表收集的，调查表由 13 个问题组成，调查对象是 31 名投资组合经理、经理助理和投资高级分析师，他们参与了多家机构投资，以分析他们的行为。研究发现，股票内在价值与机构投资者行为之间存在显著的统计关系。此外，研究还显示，通过 DCF 模型得出的 6 家公司股票的内在价值与 9 年来每年的平均市场价格相比，两者之间的相关系数呈显著正相关。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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المجلة العلمية للبحوث والدراسات التجارية

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