تقييم نموذج التدفق النقدي الحر كمقياس للأداء المالي في الشركات المدرجة في سوق العراق للأوراق المالية

Abstract EN

Jensen (1986) first proposed the concept of free cash flow in the context of the agency's problem; however, he did not propose a specific account of free cash flow.

Since then free cash flow has become a common measure for academic researchers and users of financial statements, but there is considerable variation in how free cash flow is calculated.

The present study seeks to determine the ability of the free cash flow model to measure the financial performance of the company by determining its ability to interpret and evaluate the returns of shares, by comparing the free cash flow model with the traditional accounting indicators of financial performance represented by the ratio of share price to net profit To achieve the objectives of the study, a sample of the 8 companies listed in the Iraq Stock Exchange were selected within different sectors during the period (2013-2017) and analyzed the results by the statistical program (SPSS).

protrude A study outweigh the free cash flow model on the rest of the performance indicators in explaining stock returns for companies study sample.