The effect of the determinants of the financing structure on the added market value via financial leverage and the economic value added.

(An analytical study of a sample of industrial companies listed in the Iraq Stock Exchange)

Thesis submitted to the Council of the College of Administration and Economics / University of Karbala

It is part of the requirements for obtaining a Ph.D. in Business Administration

submit it

Hayder Khudhair Jwan

Under the supervision of Assistant Professor Dr

Ali Ahmed Fares

The results showed that five companies, which constitute half of the study sample, have a number of determinants of the financing structure that have a significant effect on the added market value through the mediation of financial leverage and economic value added.

This may be due to the poor performance of those companies during the study period. The researcher found that there are seven companies from the study sample that have negative added economic values, and this indicates that the management was not able to increase the value of the company, and therefore the wealth of shareholders is not optimal, as well as the lack of Any thoughtful decision regarding a combination of debt and equity in the capital formation of the study sample companies, and all of that the study sample companies lost their ability to exploit these determinants in developing the added market value through financial leverage and economic value added.

Keywords: company size, company life, tangibility of assets, growth opportunities, profitability, liquidity, tax exemption, financial leverage, added economic value, added market value.