التغيرات في أسعار الصرف واثرها في الأداء المالي باستخدام كل من (العائد على الموجودات والقيمة السوقية)‎ لعينة من الشركات الصناعية

الملخص EN

The study aims to demonstrate the impact of exchange rate risks on the financial performance of multinational industrial companies.

The sample and the developing countries (Turkey, Egypt) were taken as an applied case.

Based on annual data for the period (2002-2018), the study relied on the statement of the impact of exchange rate risks on financial performance by methods of standard analysis through the (Eviews10) program, represented between the variables between the approved, the time series stability test (LL) and Levin and multiple regression analysis.

Balanced Panel Data method, and then analysis of variance to show the significance of the effect, to highlight what are the most important determinants facing multinational companies, foremost among which are the risks arising from exchange rate changes, which are based on exchange systems.

The study assumed a discrepancy in the effect in the positive or negative direction of exchange rate risks on the financial performance of multinational companies among the study sample countries.

Using company size EEUFS, exposure to translation using sales TEUS, exposure to translation using raw materials TEUS, TEUAR exposure to transaction using accounts receivable, in the two models (return On assets, using Tobin's Q model for Egypt