The impact of financial readiness on stock returns of industrial companies listed on the Iraq Stock Exchange
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Abstract
The research aims to identify the extent of the impact of financial readiness as an independent variable with its indicators (owned capital, liquidity, return on investment) on stock returns as a dependent variable with the indicator (return on share), and in order to achieve the research objectives and verify its hypotheses, it was applied to a sample of industrial sector companies listed on the Iraq Stock Exchange, which numbered (16) companies for the period (2015-2022) with a number of views of 128 views, by using their published financial data, and analyzing them using the financial and statistical analysis method, which was obtained by using the (2016 Microsoft Excel) program for financial analysis and the (Eviews.v12-Panel Data) program to test the hypotheses. After analyzing the research data and testing the hypotheses, a set of results were reached, the most prominent of which are: (The research sample companies have sufficient financial readiness to change stock returns) and there is also a statistically significant moral impact of financial readiness with its indicators on changing stock returns for industrial companies listed on the Iraq Stock Exchange, and based on the conclusions reached by the research He presented a set of recommendations, the most prominent of which was the need to improve the financial planning process for companies and adjust the companies' budget frequently to include expectations of revenues, expenses and financial needs in the short, medium and long term in order to be prepared for any circumstances.
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