Table 7 Summary of results and correlation with literature
Hypothesis | Expected outcome based on literature | Empirical finding | Support from literature |
|---|---|---|---|
H1: CRD and DP positively affect FV | CRD and DP should positively influence FV, indicating transparency and perceived stability | CRD and DP coefficients positive and significant. suggesting transparency and dividends increase FV | Strong support from studies like Ismail and ElDeeb [46], Megeid and Sobhy [61] |
H2: DP positively moderates CRD-FV link | DP should enhance the positive impact of CRD on FV, indicating a synergistic effect | Interaction term positive and significant. Indicating dividends complement CRD’s impact on FV |