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

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