The efficiency of investment decisions and their impact on the value of the company and its reflection on the volume of trading in shares
(Applied Research in Iraqi Private Banks Listed in The Iraq Stock Exchange)
A Master’s Thesis Submitted to The Board of The College of Administration and Economics / University of Karbala, Which Is Part of The Requirements for Obtaining a Master’s Degree in Accounting
BY:
Ibtihal Saad Hashim
Supervised by
Ass. Prof. Dr. Jasim Idan Barak Al Mamouri
Abstract
The research aims to test the impact of each of the efficiency of investment decisions and the value of the company and its reflection in the volume of stock trading, and this goal is achieved by identifying the concept of efficiency of investment decisions and the concept of company value, as well as measuring the impact of each of the efficiency of investment decisions and the value of the company on the volume of trading, based on data The annual financial reports of a sample of Iraqi companies listed in the Iraq Stock Exchange, which number (10) companies represented by the banking sector for the period (2012-2021)
The Michols & stubben model was used to measure the efficiency of investment decisions and the Tobins Q model to measure the value of the company, in addition to that, the weighted trading volume was used to measure the trading volume.
The effect was measured through statistical programs (Eviews), Amos, and (SPSS) (version 23). The research used the descriptive analytical approach in analyzing the data of the banks, the research sample. The research reached several results, the most important of which is that the investment decisions taken by the departments, the closer they are to the efficiency, the more they return with positive results to the bank because they are important decisions whose results go back many years. The results indicated that the efficiency of investment decisions affects the value of the company in the Iraqi banks listed on the Iraq Stock Exchange.
The research results also indicated that investment decisions are characterized by efficiency whenever the actual investment volume approaches the optimal investment volume, and over-investment is when the actual investment volume is greater than the optimal investment volume, while the lack of investment indicates that the actual investment volume is less than the optimal investment volume. One of the sectors listed in the Iraq Stock Exchange.
