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Role of Company's Efficiency Measure in achieving return: Iraq's Private Banks Case

Author

Listed:
  • Mohammed Jasim Mohammed AL Abdullah

    (Financial and Banking Sciences Department, University of Basrah, Basrah, Iraq.)

  • Ahmed Abd Alkareem Mohammed Alyaseen

    (Financial and Banking Sciences Department, University of Basrah, Basrah, Iraq.)

  • Mohammed Faez Hasan

    (Financial and Banking Sciences Department, University of Kerbala, Kerbala, Iraq.)

Abstract

Measures, especially efficiency measures, are crucial and pivotal in determining a company's performance level and financial health, as well as the extent to which they are reflected in other indicators. This study investigates the extent to which the company's efficiency measure (working capital) contributes to achieving returns for the period 2009-2018. Therefore, it assumes that the efficiency measure (working capital) does not contribute to achieving the cumulative abnormal return. This study drew several findings, the most crucial of which is the rejection of the hypothesis of the study and the acceptance of the alternative hypotheses, which can be summed up as the efficiency measure (working capital) contributing to achieving the cumulative abnormal return. The study has concluded a set of recommendations, including the need to raise awareness of working capital as a major contributor to achieving a distinct type of stock returns.

Suggested Citation

  • Mohammed Jasim Mohammed AL Abdullah & Ahmed Abd Alkareem Mohammed Alyaseen & Mohammed Faez Hasan, 2023. "Role of Company's Efficiency Measure in achieving return: Iraq's Private Banks Case," Technium Social Sciences Journal, Technium Science, vol. 39(1), pages 377-392, January.
    • Handle: RePEc:tec:journl:v:39:y:2023:i:1:p:377-392
    DOI: 10.47577/tssj.v39i1.8233
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    References listed on IDEAS

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    1. Mohammed Faez Hasan & Noor Salah Abdelnaby Al-Ramadan, 2022. "Using Options Futures Derivatives Weather in Hedging," Technium Social Sciences Journal, Technium Science, vol. 31(1), pages 430-436, May.
    2. Joseph Brian Cumbie & John Donnellan, 2017. "The Impact of Working Capital Components on Firm Value in US Firms," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(8), pages 138-150, August.
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    Citations

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    Cited by:

    1. Entidhar Lateef Abdoun, 2023. "The Buy and Hold Investment Strategy: Building and Evaluating Passive Portfolios from Iraq Stock Exchange," Technium Business and Management, Technium Science, vol. 5(1), pages 79-87.
    2. Hawra Thamer Mahdi & Fatima Abid Ali Salman & Nagham Dayek Abd Ali & Mohammed Faez Hasan, 2023. "Effect of Interactive Marketing Dimensions on Marketing Efficiency: Exploratory Study for the Opinions of a Sample of Employees of AsiaCell Mobile Telecommunications Company in Karbala City," Technium Social Sciences Journal, Technium Science, vol. 43(1), pages 344-359, May.
    3. Mustafa Hashim Hasan, 2023. "Banking capitalization strategy and its impact on enhancing its digital transformations," Technium Business and Management, Technium Science, vol. 6(1), pages 49-57.

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