Analysis of the relationship between financial determinants and the growth of industrial companiesAn Analytical Study of a Sample of Industrial Companies Listed on the Iraq Stock Exchange

Abstract

Companies making the right decisions in financing, investing, and distributing profits play a role in helping them to sustain growth. Therefore, investment decisions must be productive and provide the effective financing (internal and external) required for investment in order to ensure their presence and continuity in the market, as positive growth helps companies enhance the ability to compete in the market, so this study aims to measure the effect of financial determinants (company size, liquidity, financial leverage, profitability and internal financing) on companies’ growth. Thus, the study provides an applied cognitive framework that explains the relationship between its variables. The study gains its importance in its intellectual and philosophical dimension in light of its presentation of intellectual and cognitive contributions on financial determinants, as well as knowledge contributions on the growth of companies. The study population is represented by industrial companies listed in the Iraq Stock Exchange. (13) industrial companies were chosen as a sample for the study, and it was adopted the study is a time series consisting of fourteen years (2009-2022). The multiple regression method and the F test were used to test the study hypotheses, while the Excel program and the 10-EViews program were adopted in analyzing the data.