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has been cited by the following article:

• TITLE: Impact of Profitability, Leverage and Corporate Governance on Value Creation: Empirical Study of Saudi Real Estate Companies

  AUTHORS: Soumaya Hechmi, Imen Ben Saanoun

  KEYWORDS: Value Creation, Profitability, Leverage, Corporate Governance

  JOURNAL NAME: Open Journal of Business and Management, Vol.12 No.3, April 22, 2024

  ABSTRACT: This study analyzes the impact of profitability (ROA), leverage (LEV) and corporate governance (DUAL and BS) on value creation of Real estate companies listed in the Saudi financial market (Tadawul). The study is carried out for the period 2015-2022. The panel data regression method is used to examine the impact of the aforementioned factors on value creation. Data consisting of a sample of 10 companies for the entire eight-year period represent the database for this study. Results obtained showed a strong significant positive relationship between leverage and board size on the one hand and value creation of a firm on the other hand. However, Profitability and CEO duality have a significant negative impact on value creation. Finally, firm size, as a control variable, negatively and significantly affects value creation. The findings are expected to have practical implications for directors and shareholders of firms operating in real estate sector and can help them in their decisions regarding financial performance and value creation.