نظرية توقيت السوق و تأثيرها في القرار الاستثماري : دراسة تطبيقية لعينة من الشركات الصناعية العراقية

Abstract EN

This Paper aims to identify the level of Iraqi industrial companies' practice of market timing theory (MTT) and investment decision (ID), as well as the effect of MMT as a independent variable in investment decision as a dependent variable used in financial statements published on the Iraqi Stock Exchange website.

It has sought to test a number of hypotheses related to the relationship of influence between the variables of research, and the research concluded that the timing values of the market for Iraqi industrial companies in rise and fall, but some companies are still issuing new shares, despite decline in shares.

And that return on investment for some companies in case of failure to achieve profits, and some of the Iraqi companies investigated did not achieve a return higher than the risk-free rate.

Iraqi companies do not have good tangible assets as collateral to obtain a debt.

The timing of the market has an impact on return on investment.

This is an opportunity for improvement, which is when companies are interested in the timing of a stock market.

This will improve the return on investment and size of the company affects the investment decision, because investors take the size of the company into account.