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تفعيل مقاييس الاداء المالي على اساس القيمة وانعكاسها على اداء الشركات في ظل الحوكمة : دراسة تطبيقية على عينة من الشركات المساهمة المدرجة في سوق العراق للاوراق المالية == Activation 0f Financial Performance Metrics On The Basis Of Value And Its Impacts On The Performance Of Companies In The Governance An Empirical Study On A sample Of Joint Stock Companies Listed In The Iraqi Stock Exchange
Author name:
عماد عامر حسين
Supervisor name:
فيحاء عبد الله يعقوب
General topic:
Administration and Economics
Specific topic:
Legal Accounting
Degree:
Doctorate
University:
University of Baghdad
Language:
Arabic
University location:
Baghdad
First pages:
07T4529 - p.pdf
Abstract:
Increased attention to corporate governance with the increasing need for investors and other parties in the Iraqi market for securities of the information credible and confidence and greater transparency in the disclosure as well as the systems of governance lead to raise the value of the company and that by reducing the cost of capital and reduce the cost of financing, as well as that there are indications modern measurement can be adopted by the Iraqi market for securities for the purpose of evaluating the performance of listed companies and then raise their value.The research problem is that there is no framework or structure of the legal and local rules for the application of corporate governance in Iraq obliges listed companies which applied as well as that of the Iraqi market for securities depends style financial analysis of the traditional evaluation of the performance of listed companies and the failure to adopt indicators modern and built on the basis of value.The research aims to develop a proposal for a specimen guide corporate governance to strengthen the companies' efforts to improve its financial performance . And the application of financial performance metrics on the basis of value creation . For the purpose of addressing the problem of the lack of a window or a legal structure and local rules for the application of corporate governance in Iraq require companies to contribute to its implementation , which is reflected in the breach in the levels of financial performance and achieve the desired goals and the mouthpiece of the financial performance, based on the value in order to protect companies and stakeholders , capital and all parties dealing with the company as well as that of the Iraqi market for securities depends style financial analysis of the traditional evaluation of the performance of listed companies and the failure to adopt indicators modern and built on the basis of value and thus raise the level of the economy in Iraq , and the adoption of existing investors and prospective on these indicators in the investment and the purchase of shares of these companies .The research was based assumptions to the effect that the application of the rules of corporate governance leads to improving the financial performance of the companies, as well as the existence of a relationship between corporate governance and financial performance metrics to add the value of listed companies in the Iraqi market securities.2For the purpose of achieving the goals of the research, testing hypotheses in listed companies in the Iraqi market for securities, and in light of the study of theoretical and applied research that has been in has been reached on a set of conclusions and recommendations. Of the most prominent findings : 1. The lack of an effective framework or guide in Iraq to corporate governance principles applied by companies listed on the Iraq Stock Exchange.2. The failure of the Iraqi market for securities and listed companies in which the adoption of measures of financial performance based on value, but relied on some traditional measures of financial performance. 3. The adoption of a measure of market value - added and considered the standard measure of successful companies that achieve a market value - added as a measure of positive summarizes the essential administrative and operational performance of the companies and their ability to manage their resources in order to maximize shareholder wealth.The study made a number of recommendations , including : - 1 . The need for the Iraqi market for securities issued instructions to all listed companies in the market that includes their annual report on corporate governance in order to achieve the goals of corporate governance and achieve competitive advantage . 2 . The possibility of the Iraqi market for securities and listed companies in which the adoption of measures of financial performance, based on the value to the traditional measures of financial performance , because the two indicators of importance with respect to the shareholders and existing and prospective investors and boards of directors in evaluating the performance of executives . 3 . The need to adopt the Iraqi market for securities on the evidence proposed by the researcher and developed to measure and adjust financial performance based on the basis of the value of listed companies in the market.
