Author(s): Mohamed Aymen Ben Moussa
The value of a firm is the amount that one must pay to buy or take over the business entity. This value can be determined based on the company’s book or market value. Generally, a firm's value refers to the company's market value. The traditional model of a firm's value is linked with shareholders' value, but some scholars have expanded this model to include all stakeholders. In this article we aim to study the factors affecting firm value in Tunisian context. We used a sample of 30 firms listed in Tunisian stock exchange over the period (2015.2024). By applying a model of panel static; we found that return on assets; leverage; size; liquidity; board independence and economic growth have a significant impact on firm value.