قياس العوامل المحددة لمستوى السيولة النقدية في عينة الشركات المدرجة في سوق العراق للأوراق المالية للمدة 2009-2019

الملخص EN

This study aims to analyze the factors affecting the level of retaining cash liquidity, knowing the effect of each of these factors on this level and to determine the appropriate level of the volume of cash liquidity that industrial companies should retain.

Among (25) companies in the Iraqi industrial sector, the study has applied on a sample of (4) industrial companies listed on the Iraq Stock Exchange whose data are available and continuing to work during the period (2009-2019).

Accordingly, the study variables are: net working capital, financial leverage, company size, profitability, cash flows and investment opportunities as variables affecting cash liquidity.

By using multiple regression analysis based on the Eviews9 program, the study has concluded that the Iraqi Company for Carpet and Furniture has an appropriate level of cash liquidity, while the other industrial companies of the research sample does not have an adequate level of cash liquidity during some years of study.

The financial leverage, net working capital, cash flows, company size, investment opportunities and profitability are the most important factors determining the level of current liquidity retention in the industrial companies of the research sample which have a positive effect on cash liquidity, Finally the study concluded that the industrial companies of the research sample suffers from the negligence of the Iraqi government and the failure to provide the necessary support to the companies with oil derivatives and diesel fuel on an ongoing basis, which led to a significant decrease in the production rate, which negatively affects the companies' profitability