[ دراسة في سوق العراق للأوراق المالية : EPS وأثرها على Kida التنبؤ بالتعثر المالي لشركات الاستثمار باستعمال النسب المالية لنموذج ]
Volume 20, Issue 3, June 2017, Pages 752–761
Salim Sallal Rahi AL-Hisnawy1
1 AL-Qadisiya University, College of Administration & Economics, Department of Banking & Finance, Iraq
Original language: Arabic
Copyright © 2017 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This study aims to use financial ratios to Kida model to predict the financial distress of the investment companies listed on the Iraq Stock Exchange, as well as to identify the extent of the statistical relationship of these ratios to earning per share (EPS) for those companies. The study used a descriptive statistical method, in addition to a regression model to analyze the data and test hypotheses. Model has included a number of independent variables marked by the profitability ratios and leverage, liquidity and activity. Based on the data of 8 companies for three years, the results of this study demonstrated the ability of the companies to continue and distancing itself from financial distress, the study also confirmed that the ratios of profitability ( return on investment) and activity (turnover of assets) statistically significantly relationship affect the earnings of these companies , as evidenced by the study of the relationship positive and very strong between the independent variables and dependent variable.
Author Keywords: Financial Distress, investment, Kida model, EPS, Stock Exchange.
Volume 20, Issue 3, June 2017, Pages 752–761
Salim Sallal Rahi AL-Hisnawy1
1 AL-Qadisiya University, College of Administration & Economics, Department of Banking & Finance, Iraq
Original language: Arabic
Copyright © 2017 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This study aims to use financial ratios to Kida model to predict the financial distress of the investment companies listed on the Iraq Stock Exchange, as well as to identify the extent of the statistical relationship of these ratios to earning per share (EPS) for those companies. The study used a descriptive statistical method, in addition to a regression model to analyze the data and test hypotheses. Model has included a number of independent variables marked by the profitability ratios and leverage, liquidity and activity. Based on the data of 8 companies for three years, the results of this study demonstrated the ability of the companies to continue and distancing itself from financial distress, the study also confirmed that the ratios of profitability ( return on investment) and activity (turnover of assets) statistically significantly relationship affect the earnings of these companies , as evidenced by the study of the relationship positive and very strong between the independent variables and dependent variable.
Author Keywords: Financial Distress, investment, Kida model, EPS, Stock Exchange.
Abstract: (arabic)
تهدف الدراسة إلى استعمال النسب المالية لنموذج Kida للتنبؤ بالتعثر المالي لشركات الاستثمار المدرجة في سوق العراق للأوراق المالية، إضافة إلى التعرف على مدى العلاقة الإحصائية لتلك النسب على ربحية السهم الواحد EPS لتلك الشركات. استعملت الدراسة الأساليب الإحصائية الوصفية، بالإضافة إلى نموذج الانحدارالمتعدد لتحليل البيانات واختبار الفرضيات، شمل النموذج على عدد من المتغيرات المستقلة والتي تمثلت في نسب الربحية والرافعة والسيولة والنشاط. بناءا على بيانات (8) شركات مساهمة ولثلاث سنوات ، دلت نتائج هذه الدراسة على قدرة الشركات على الاستمرار وابتعادها عن التعثر المالي، كما أكدت الدراسة على أن نسبتي الربحية (العائد على الاستثمار) والنشاط (معدل دوران الموجودات) تؤثران بشكل هام إحصائيا على ربحية السهم لتلك الشركات، كما دلت الدراسة على العلاقة الايجابية والقوية جدا بين المتغيرات المستقلة والمتغير التابع.
Author Keywords: التعثر المالي، شركات الاستثمار، النسب المالية، سوق الأوراق المالية.
How to Cite this Article
Salim Sallal Rahi AL-Hisnawy, “Predicting Financial Distress of investment companies using financial ratios of Kida model and its impact on EPS: A study in Iraq Stock Exchange,” International Journal of Innovation and Applied Studies, vol. 20, no. 3, pp. 752–761, June 2017.
