315-298 (2020) 03 : / 03

298
 315-298 (2020) 03 : / 03

As the measurement of profits of the objectives :

sought by companies at the present time and is
an appropriate indicator "in determining their
value, the research community included the Iraq
Stock Exchange, while the sample of the study
included (10) companies operating in the
industrial sector for the period from 2012-2017.
The research found that companies in the
industrial sector are efficient in upgrading their
financial assets, which reflected on the stock
prices in the financial markets, which affected
the returns on the stock due to the difference in .
the closing price of the stock from year to year.
Positively which caused the rise in the value of
the stock and the emergence of a boom in the
market.
Key words: Efficient management of financial
assets, profitability, Ordinary share returns.
(10
:

SPSS . 2017-2012
.

( )

.
.
:
.
Article summary:
:" The study this study attempts to highlight on the
importance of efficient management of financial
assets on the profitability of companies and the
returns of ordinary shares of a sample of
companies in the industrial sector and listed in
:" the Iraqi market for securities according to
financial analysis, which is one of the effective
tools to evaluate the performance of companies,
and through those methods the management can
take Appropriate decisions,

299
 : /

:"
: .1

.
:" .

(10)

.
.
: :
(2012 – .
2017) .
:"

2017-2012
: "
.
.
300
(Social Index S&P 500 and Domini400) .
2009-1991 :
-
(Dechow, Dichev,2002)
-
.
-
.

. -2012
. (Iqbal & Mati)2012 : .2017

The Relationship between Non-current Assets

& Firms Profitability

.
:
Mcdermott 2011

.
. Financial Reporting Quality and Investment in
Sekeroglu & Altan ,2014 Corporate Social Responsibility

301
 .( ) The Relationship between Inventory Management
and Profitability: A Comparative Research on
Turkish Firms Operated inWeaving Industry,
. Eatables Industry,Wholesale and Retail Industry
/
:"

.(206: 2017 ) (2012-2003)

.
) Shin, et al., 2015
.(61 :2008 :

Effect of inventory management efficience on

profitability: current evidence from the U.S.
manufacturing industry
(%70-%60)
(Prempeh, 2015:1).

(2007-2005)
(1289)
(Mishra& Modi,2011:256) .
(2012-2005
(959 )

:
.( Cannon,2008 :5 )

302
 (2) -------=
(1) ------------=

.(AL- jafari &Alsamman,2015:307)

. (Agarwal,1991: 87)
.(84-85 : 2003 )
:

(3)------------=
.(19: 2012
: 2
)
.(87:2003 ): .(2012:18

(4) ----------= .3 "

:" ,(41:2016
(Profitability) (Charles,2004:ch1)
" (Profit)
.(Barasara,2013:87)
(Ability) (Beatty et al
2010;1234) ( McNichols&Stubben:2008:1577 )
, .( Barad, 2010:10

, (Chen et al. ,2011,1) , ( Biddle et al,

2009:125).

303
 . (Yazdanfar& Öhman
2014 :455) .(36 :2007

)
(Bavaria, 2004: 95
. (96-

, 2004:11) )
(Alsyouf . Rehman, et al,. 2014:187 ) )

.(22:2005 . ( 84 :2008

(Howard,1953:147&Upton )

(Samuel &Abdulateef,2016:167).

(Alshatti,2015:64).

304
 )
.(67 :2013 .(2015:327
:
(7 ) -----------=

: " .

:(120 :2013 )
. (55: 2010
(5)----------- =
:
(Gapenski & Brigham,1994 :845 ). : .
.1
"

. .
.( 199 :2004 ):
:
2006 ) (6)-----------=-
:(56-57
. : .1 : .
: .2
"
.
: .3
"

305
 .
. : .4
:
- .
(8) ----------------- : . 5

2017 -2012

.( 14: 1995

.
. (Ficher)
-2012
2017 "
(1 (161 :2010 )
(%)2017-2012

:
.

306
 (1
2017-2012
. ( 0.47)
.(0.25 )
2013 ( 3.95)
.2015 (1.89
.
2017 .(1.03) (1.17)
. ( 2.84 )
: 1.17
.(0.09) ( 0.13 )
(2
.(0.05 ) 2015 -2012
2017
.(1.60 ( 2.75)

(6.13)
.(3.98)
. 2012
13
(0.66) 2012
.(0.34) 2014 .

-2012 4
2017
.

( 0.69 )
.(0.44 )
(1.07 )
.(1.19 )

307
 .

2013 ( 3.95)
.2015 (1.89

2017-2012

(2
-2012
2017
.(1.60 ( 2.75)

(6.13)
.(3.98)
2012
13

.
(3
-2012 4
2017
.(7.25) (10.62 .

(44) ( 0.69 )
.(0.44 )
.2017 2012 (1.07 )
(4 ) .(1.19 )
.(14.10)
.

308
 .(5.06) (%0.84) (43.9)
2017 2016 (64.2 (54.1)
( %12.51 ) 2014
.( 8.04) .(0.64 ) ( .890 )

2017
.( 22.89
” ”
.(-30.17%) 2014

(11.93(%11.08 ( 14.75)2016
(22.89 (19.77) 2014
. 2017 2015 2014 2013 .( 3.89)

2017 -2012
.(10.25) (18.90-%)
2017-2012
2015 .

2013
.(3.86)
(- 1.76% ) 2014

2013 (4
" -2012
2014 2017

309
 2017-2012
(5
( 3.36 2017 2017-2012
2015
.(% -2.83 )
"
2017

2014

(5

(%)2017-2012 2012-2017
.58) ( %0.44 )
(6

( %15.22
.(9.81)

(6 100 15

-2012 .

2017 2017

.(0.51 ) %1.76)) 28 (27.69)

.

(%6.04 ) 2017-2012
" ( 3.78 ) (15.52) ( 28.81%)

(11.28 ) 2017 2016

. (12.23) 2015
.(%-49.6 )
310
 .
2017-2012
:
(.0.27 ) (% -0.15 )

(7)
.%0.30 2012

2017
(0.05)

.
(0.699) 2012-2017
" (%2.20 )2016
.(1.00 )2015
2017-2012 ". 2016
": " -2 2015
.

: .2012-2017

.2017-2012

2017-2012
.2017-2012 SPSS
:
" -1
2017-2012
"2017-2012

311
 F
(0.755 0.618 1.18)
F
t (5.76)
(8)
(0.869 0.786 1.09) )
(2.45) t (
)

"
(0.91) (R2)
F
".2017-2012 F (41.82)
": " -3 t (5.76)

t (6.43)
: .2017-2012 (2.45)

(0.955)
.2017-2012

(%96)
.2017-2012 "

.2017-2012 ".2017-2012

2017-2012 (0.13 0.11 0.19) (R2)

312
(%39 %16 %64 %98)

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)
(9 )

(
)
.2017-2012

.1
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(0.699

0.93 0.97) (R2)

.
(0.96 0.93
.2
69.0 166.1) F
F (119.3 66.9
(5.76)
) t

.
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(10.92 8.18 8.31 12.88)
"
(2.45) t
)
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(

(0.390 0.164 0.639 0.985)

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.

313
 2006-1996

. 1
.5
(2017

.23 100 .
(2012 .6 .2
–
(2008-2004
(1) (26) .
"(2004 ) .7 .3

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. (2006) .9
. : .
.10 .4
(2010 )
-
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81
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.

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2017-2012
.2
.2017-2012
.( 2008 ) .3
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(CAMELS)
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–

314
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