The impact of financing structure determinants on the added value of shareholders, an analytical study of some industrial companies listed on the Iraqi Stock Exchange

Abstract

. The research objected to test the relationship between the determinants of the financing structure represented by (company size, tangible assets, growth opportunities) and the added value of shareholders in a number of industrial companies listed on the Iraqi Stock Exchange. Determinants of the financing structure in the added value of the shareholders, and a hypothetical chart was developed that shows the influence relationships between the variables and was expressed with three hypotheses to measure the influence relationship. In finding the influence relationship between the research variables, using the program (SPSS.V20). The research concluded that there is an influence relationship between the determinants of the financing structure and the added value of shareholders in the companies surveyed. In addition, providing growth opportunities for the company's management and shareholders enhances their confidence in the company's activity as a result of continuous investment growth, specifically the growth of total assets, and thus enhances competitive strength, which is reflected positively on the increase in shareholder value. The research recommended a set of recommendations, the most important of which was focusing on capital investment as it enhances the value of the company and makes it more bargaining before the lending authorities, which increases the competitiveness of these companies as a result of creating growth opportunities that make companies in a safer environment compared to companies operating in the same sector.