Measuring the Impact of Operational Performance on Market Value in Private Iraqi Commercial Banks Using a Panel Data Model
Keywords:
banks, operational performance, market value added
Abstract
The research aims to assess the impact of performance and on the added market value of private commercial banks in Iraq during the study period (2016-2021), using a Panel Data model. The study focuses on examining how operational performance and the level of risks affect the added market value of private commercial banks in Iraq. The study provides a comprehensive analysis over time and across various banks, aiding in understanding the developments and relationships throughout this time period. The results of this study can contribute to improving strategic management and decision-making within the Iraqi banking sector during this timeframe.
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K. C. T. Duho, “Intellectual capital and technical efficiency of banks in an emerging market: a slack-based measure,” Journal of Economic Studies, vol. 47, no. 7, pp. 1711–1732, 2020, doi: 10.1108/JES-06-2019-0295.
A. Al-Jurayshi, Stock Trading in the Financial Market: A Comparative Theoretical Study. Saudi Arabia: Law and
Economics Library, 2018.
[4] Y. Yang, “The value-added tax reform and labour market outcomes: Firm-level evidence from China,” China Economic Review, vol. 69, 2021, doi: 10.1016/j.chieco.2021.101678.
[5] J. Kotlebova, “Government expenditures in the support of technological innovations and impact on stock market and real economy: The empirical evidence from the US and Germany,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 15, no. 4, pp. 717–734, 2020, doi: 10.24136/eq.2020.031.
[6] J. F. Haddad, “The Impact of Intellectual Capital on the Development and Improvement of Human Resource Efficiency,” Ramah for Research and Studies, vol. 6, no. 26, p. 95, 2018.
[7] B. Vause, Guide to Analyzing Companies, 5th Edition. New York: Bloomberg Press, 2009.
[8] N. Al-Sharifi, Advanced Accounting in Companies: Theoretical and Practical Foundations for Calculating Company Value. Jordan: Dar Zahran for Publishing, 2009.
[9] A. Al-Nu’aimi and E. Al-Tamimi, “Financial analysis and planning: Contemporary trends,” Jordan-Amman,
Dar Yazori for Publication and …, 2008.
[10] S. A. Al-Gharbawi, Total Quality Management According to International Standards. Egypt: Dar Al-Fikr Al- Jamei, 2020.
[11] F. J. Fabozzi and J. L. Grant, Value-based metrics: Foundations and practice. books.google.com, 2000. [Online]. Available: https://books.google.com/books?hl=en&lr=&id=3Vowz4JRqkcC&oi=fnd&pg=PP8&dq=%22value+based%2 2+metrics+foundations+and+practice&ots=3SXGkghhU1&sig=uwz1M0767cxmMz48TL_XCO3vIPY
[12] N. Botten, CIMA Official Learning System Enterprise Strategy. books.google.com, 2009. [Online]. Available:
https://books.google.com/books?hl=en&lr=&id=spVXv8BW- ycC&oi=fnd&pg=PP2&dq=cima+official+learning+system+enterprise+strategy&ots=WbmYwgl5pP&sig=C 0BXhiNxNNYssNeoHIvY88mAwDs
[13] R. Frank and K. C. Brown, Investment analysis and portfolio management. Cengage Learning, 2012.
[14] N. A. Najm, Tangible Asset Management: Managing the Immeasurable. Jordan: Dar Al-Yazouri Scientific Publishing and Distribution, 2020.
[15] R. K. Boudhe, Measuring Shareholder’s Value Addition: Evidences From Indian Public Sector. India: Laxmi Book publication, 2015.
[16] S. H. Al-Hakim, Financial Statements Analysis: Introduction to Investment and Credit Decision Making: Investment Analysis. Syria - Damascus: Dar and Foundation Raslan , 2017.
[17] M. A. E. Al-Maidani, Financial Management in Companies, 3rd Edition. Riyadh, 1999.
[18] W. Mokadem, Strategic Management of the Enterprise through the Dashboard. Algeria: Dar Al-Ta’lim Al-Jamei, 2020.
[19] A. Ključnikov, “Organizational, local, and global innovativeness of family-owned SMEs depending on firm- individual level characteristics: Evidence from the Czech Republic,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 16, no. 1, pp. 169–184, 2021, doi: 10.24136/eq.2021.006.
[20] Z. Korzeb, “Resistance of commercial banks to the crisis caused by the covid-19 pandemic: The case of Poland,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 15, no. 2, pp. 205–234, 2020, doi: 10.24136/eq.2020.010.
[21] K. Valaskova, “Distinctive determinants of financial indebtedness: Evidence from slovak and czech enterprises,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 16, no. 3, pp. 639–659, 2021, doi: 10.24136/eq.2021.023.
[22] L. Svabova, “Evaluation of the impacts of the COVID-19 pandemic on the development of the unemployment rate in Slovakia: Counterfactual before-after comparison,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 16, no. 2, pp. 261–284, 2021, doi: 10.24136/eq.2021.010.
[23] P. Pardal, “Integration in central european capital markets in the context of the global covid-19 pandemic,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 15, no. 4, pp. 627–650, 2020, doi: 10.24136/eq.2020.027.
[24] R. Wang, “Multiple relationships between fixed-asset investment and industrial structure evolution in China–Based on Directed Acyclic Graph (DAG) analysis and VAR model,” Structural Change and Economic Dynamics, vol. 55, pp. 222–231, 2020, doi: 10.1016/j.strueco.2020.09.001.
[25] E. Ż. B. Roszko-Wójtowicz, “Multi-dimensional analysis of regional investment attractiveness in Poland,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 16, no. 1, pp. 103–138, 2021, doi: 10.24136/eq.2021.004.
[26] A. Zaušková, “Solomo marketing as a global tool for enhancing awareness of eco–innovations in slovak business environment,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 15, no. 1, pp. 133–150, 2020, doi: 10.24136/eq.2020.007.
[27] E. F. Fischer, “Quality and inequality: Creating value worlds with Third Wave coffee,” Socioecon Rev, vol. 19, no. 1, pp. 111–131, 2021, doi: 10.1093/ser/mwz044.
[28] M. Papík, “Application of selected data mining techniques in unintentional accounting error detection,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 16, no. 1, pp. 185–201, 2021, doi: 10.24136/eq.2021.007.
[29] K. Kramarova, “Impacts of the Covid-19 crisis on unemployment in Slovakia: a statistically created counterfactual approach using the time series analysis,” Equilibrium. Quarterly Journal of Economics and Economic Policy, vol. 17, no. 2, pp. 343–389, 2022, doi: 10.24136/eq.2022.012.
[30] S. Miroudot, “Multinational production in value-added terms,” Economic Systems Research, vol. 32, no. 3, pp.
395–412, 2020, doi: 10.1080/09535314.2019.1701997.
[31] W. Kang, “Model for Technology Risk Assessment in Commercial Banks †,” Risks, vol. 12, no. 2, 2024, doi: 10.3390/risks12020026.
[32] A. S. Garcia, “How credit unions affect the profitability of Brazilian commercial banks?,” Quarterly Review of Economics and Finance, vol. 93, pp. 190–209, 2024, doi: 10.1016/j.qref.2023.12.006.
[33] D. Zhang, “Climate impacts on the loan quality of Chinese regional commercial banks,” J Int Money Finance, vol. 140, 2024, doi: 10.1016/j.jimonfin.2023.102975.
Published
2024-04-26
How to Cite
Muhammad, A. H., & Hamdan, A. A. (2024). Measuring the Impact of Operational Performance on Market Value in Private Iraqi Commercial Banks Using a Panel Data Model. International Journal on Economics, Finance and Sustainable Development, 6(3), 1-13. https://doi.org/10.31149/ijefsd.v6i3.5263
Section
Articles
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