تحليل العلاقة بين رأس المال الممتلك والمخاطرة النظامية باستخدام طريقة تقدير حصينة

حاكم  الربيعي; هدى كريم

doi:10.36322/jksc.176(B).19524

Authors

Prof. Dr. Hakim Mohsen Al-Rubaie University of Kufa / College of Administration and Economics
Researcher Hoda Mohammed Karim University of Kufa / College of Administration and Economics

DOI:

https://doi.org/10.36322/jksc.176(B).19524

Keywords:

Owned Capital, Systematic Risk, Robust Estimation Method, Industry sector companies, Iraq Stock Exchange

Abstract

The current research seeks to identify the extent of the impact of owned capital as an independent variable in its systematic risk as a dependent variable. The research was based on its problem, which was represented by an important and main question, which is (Is there an impact of owned capital as an independent variable on systemic risk as a variable of the research sample companies?). The relationship between the variables was expressed through the hypothetical research model from which the hypothesis was derived. In order to achieve the objectives of the research and verify its hypothesis, it was applied to a sample of the industrial sector companies listed in the Iraq Stock Exchange, which numbered (10) companies, through the use of their published financial data. The data was analyzed using a financial and statistical analysis method and was obtained using programs such as Microsoft Excel 2016 and AMOS method GM6.IDRGP. RMVN. After analyzing the results, the researchers reached a set of conclusions, the most important of which was that through the results of the financial and statistical analysis of the industrial sector companies listed in the Iraq Stock Exchange, it was found that owned capital plays a role in influencing systemic risk.

Downloads

Download data is not yet available.

References

المصادر

1. Alwi, M., Ali, M., & Rahim, F. R. (2022). Analysis of Investment Risk and Return. Hasanuddin Journal of Business Strategy, 4(1), 73-84.

2. Bănică, E., & Vasile, V. (2018). The Export Efficiency Dynamics of Roma-nian Owned Capital Companies. Limits and Challenges in a Globalised World. The Annals of the University of Oradea, Economic Science, 25-38.

3. Çakmak, N., & Gozen, M. (2021). An Analysis of Systematic Risk Factors Associated with Renewable Energy Support Mechanism Applied in Turkey. Journal of Business Innovation and Governance, 4(1), 57-81.

4. Camgoz, M., KOSE, K. A., & Seval, B. (2019). Risk and Return Character-istics of Islamic Indices: An Empirical Approach. Istanbul Business Research, 47(2), 124-153.

5. Dilip, M. C. (2022). Review of Literature on Risk and Return and Their Re-lation in Various Investments. Equity Market and Fund Management.

6. Gengatharan, R., Al Harthi, E. S., & Al Malki, S. S. (2020). Effect of Firm Size on Risk and Return: Evidences from Sultanate of Oman. European Jour-nal of Business and Management, 12(9), 62-71.

7. Kabir, S. H., Masih, A. M. M., & Bacha, O. I. (2017). Risk–Return Profiles of Islamic Equities and Commodity Portfolios in Different Market Conditions. Emerging Markets Finance and Trade, 53(7), 1477-1500. DOI: https://doi.org/10.1080/1540496X.2016.1216843

8. Lin, H., He, Y., Wang, M., & Huang, Y. (2020). The State-Owned Capital Gains Handover System and Managerial Agency Cost: Evidence from Central State-Owned Listed Companies in China. Finance Research Letters, 36, 101325.‏ DOI: https://doi.org/10.1016/j.frl.2019.101325

9. Luo, J., Guo, J., & Li, H. (2021). An Analysis of Cross-sectional Invest-ment Portfolio with the Consideration of Risk and Return. In E3S Web of Conferences (Vol. 235, p. 01036). EDP Sciences. DOI: https://doi.org/10.1051/e3sconf/202123501036

10. Maharani, A., & Saputra, F. (2021). Relationship of Investment Motiva-tion, Investment Knowledge and Minimum Capital to Investment Interest. Journal of Law, Politic and Humanities, 2(1), 23-32. DOI: https://doi.org/10.38035/jlph.v2i1.84

11. Nurhayati, I., & Endri, E. (2020). A new measure of asset pricing: Friction-adjusted three-factor model. The Journal of Asian Finance, Economics and Business, 7(12), 605-613. DOI: https://doi.org/10.13106/jafeb.2020.vol7.no12.605

12. Partono, T., Yulianto, A., Vidayanto, H., & Yanto, W. (2017). The Analysis of optimal portfolio forming with single index model on Indonesian most trusted companies. International Research Journal of Finance and Economics, 163(1), 50-59.

13. Raharjo, P. G., Hakim, D. B., Manurung, A. H., & Maulana, T. N. A. (2018). Determinant of capital ratio: A panel data analysis on state-owned banks in Indonesia. Bulletin of Monetary Economics and Banking, 16(4), 395-414.‏ DOI: https://doi.org/10.21098/bemp.v16i4.19

14. Rezagholizadeh, M., Lin Lawell, C. Y. C., & Yavari, K. (2022). An Analy-sis of The Conditional Relationship Between Risk and Return in The Tehran Stock Exchange. Iranian Economic Review, 26(1), 79-107.

15. Shah, H. A., Yasir, M., Majid, A., & Javed, A. (2019). Impact of Network-ing Capability on Organizational Survival of Smes: Mediating Role of Strate-gic Renewal. Pakistan Journal of Commerce and Social Sciences (PJCSS), 13(3), 559-580.

16. Smith, K. (2019). Financial Markets with Trade on Risk and Return. The Review of Financial Studies, 32(10), 4042-4078. DOI: https://doi.org/10.1093/rfs/hhz013

17. Stevenson, A. (2010). Oxford Dictionary of English. Oxford University Press, USA.

18. Uraibi, Hassan S., Alhussieny, S. A. (2021). Improvise Group Diagnostic Potential Measures for Multivariate Normal Data. Al-Qadisiyah Journal for Administrative and Economic Science, 23(2).

19. Uraibi, Hassan S., Haraj, Sawsan, Abdul Ameer. (2022). Group Diagnostic Measures of Different Types of Outliers in Multiple Linear Regression Model. Malaysian Journal of Science, 41(Special Issue 1), 23-33. DOI: https://doi.org/10.22452/mjs.sp2022no1.4

20. Vasile, V., & Banica, E. (2018). The Export Efficiency Dynamics of Ro-manian Owned Capital Companies. Limits and Challenges in A Globalised World. Annals of Faculty of Economics, 1(1), 25-37.