Determinants of the financing structure and their impact on the asset turnover rate for industrial joint stock companies

Abstract

The current study aims to test the relationship between the determinants of the financing structure as an independent variable, the turnover rate of assets as a dependent variable for joint stock industrial companies. As it was relied on a set of determinants of the financing structure, which are tangible assets, profitability, company size, growth opportunities, the effective tax rate, tax-reduced items excluding interest, while it was relied on measuring the asset turnover rate by dividing net sales by the total assets, as Several hypotheses were imposed and a set of questions related to the study was developed, and in order to achieve the objectives of the study, the hypotheses were tested for a sample of industrial joint stock companies listed in the Iraq Stock Exchange, based on the data of the official website of the Iraqi Stock Exchange for the period of time (2010-2019), which included The sample is (8) joint stock industrial companies. Some financial and statistical indicators were relied upon to analyze and discuss the results by