IDEAS home Printed from https://ideas.repec.org/a/tec/journl/v39y2023i1p377-392.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://techniumscience.com/index.php/socialsciences/article/view/8233/2982
    Download Restriction: no
    File URL: https://techniumscience.com/index.php/socialsciences/article/view/8233
    Download Restriction: no
    File URL: https://libkey.io/10.47577/tssj.v39i1.8233?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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.
    3. repec:thr:techub:10031:y:2022:i:1:p:430-436 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    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. 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.
    3. Alaa Hussein Fadhil & Ahmed Abdullah Amanah & Sahar Abbas Hussein & Mohammed Faez Hasan & Ghaith Saadi Mohammed Ali & Ihab Zeyad Mohammed, 2023. "Impact of Behavioural Integration of Senior Management in Effectiveness of Strategic Decision-Making: An Applied Study in Some Iraqi Private Faculties in Kerbala City," Technium Social Sciences Journal, Technium Science, vol. 43(1), pages 371-388, May.
    4. 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.
    5. Oz, Ibrahim Onur & Yelkenci, Tezer & Meral, Gorkem, 2021. "The role of earnings components and machine learning on the revelation of deteriorating firm performance," International Review of Financial Analysis, Elsevier, vol. 77(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tec:journl:v:39:y:2023:i:1:p:377-392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tasente Tanase (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.