Financing decisions and its reflections in the market value of businesses
Submitted to
The Council of the College of Administration and Economics/ University of Karbala In Partial Fulfillment of the Requirements for the Degree of Master of Science in Business Management
By
Hassneen Hameed
Supervisor
Asst. Prof. Dr. Bilal Noori S. Al-Karawi
Abstract
The main purpose of this study is to highlight on the aspeds of cogniive the cognitive and philosophical aspects related to the decisions of financing and market value at the level of industrial companies in the Iraqi market for securities in light of fierce competition due to the openness of the Iraqi market with the absence of government in support of local industry as well as political and economic conditions and others, Negative, the most positive in all sectors, especially the industrial sector, and in order to achieve the objectives of the study was built a hypothesis that determines the nature of the relationship between the independent variable financing decisions and the dependent variable market value of the company, Lugo Or diagnose weaknesses and strengths in the financing aspects and the extent reflected in market value.
In order to test the hypotheses of the study, the study was applied to a sample of the industrial companies operating in the Iraqi Stock Exchange (Al-Mansour Pharmaceutical Industries, Iraqi Carpet and Furniture Company, Baghdad Packing Materials Company, Baghdad Soft Drinks Company, Chemical Industries Company, , The modern paint industry company, the metal and bicycle company, the company to produce modern clothing), in order to obtain the necessary information through the financial reports of the Iraq Stock Exchange for the sample companies study for the period 2005-2015, financial reports and account Final T in the securities of the companies study sample for the period of 2015-2005., And the sample numbered (9) companies.
The study is based on a number of statistical tools and methods such as simple and multiple regression analysis, the computational mean, T and F using SPSS V.24 and Excel 2010 as well as a set of related financial indicators.
In the light of the results reached there are a number of conclusions, the most important of which is the existence of a statistically significant correlation and influence between the indicators of financing decisions (single or combined) and the market value at the level of observations (except for the third indicator) Companies such as Apparel, Cycling and Pepsi were only two indicators, but not all indicators of the funding decision were statistically significant with market value at the corporate level.
The study concluded with a set of recommendations concerning the variables of the study. The most important of these studies is that the sample companies should diversify their sources of financing, especially long term financing, because it is important to build the capabilities of companies in the near and long term. Reduce the cost of financing and the possibility of employing them in successful investment areas that ultimately reflect their market value.
