Factors determining the financial performance of investment companies and their impact in the market value and the added market value for the period 2009-2020
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Abstract
This study aimed to measure and analyze the impact of some determinants that affecting in performance of some financial investment companies that listed in the Iraqi Stock Exchange. These determinants have been classified into external, which included (GDP, exchange rate, inflation, interest rate, foreign investment, as well as the price of oil), and internal that included (Tangibility of assets, size of institution, working capital, net capital factor, financial structure, as well as capital structure). Two financial ratios were used as dependent variables, which were represented by (Market value and the Added market value), and the study was based on some hypotheses, the most important of which is "There is a significant effect of some determinants that affect in performance of financial investment companies that listed in the Iraqi Stock Exchange". The Iraqi financial sector institutions were relied upon as a community for the study, while the study sample was represented by some of financial investment companies that listed in the Iraqi Stock Exchange, six companies for financial investment, for the period 2009 to 2020. For the purpose of estimating standard models, testing hypotheses and extracting study results, some of standard models were built and analyzed based on Panel Data, and based on the statistical analysis program (Eviews10). The study reached some conclusions, the most important was the effect of three independent variables (internal and external variables) on both the market value index and the added market value.
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