Analysis of the internal determinants of the performance of companies' shares in the Iraqi Stock Exchange according to the logistic regression Approach during the period from 2016 – 2021

Abstract

The research dealt with the analysis of the internal determinants that directly affect the performance of the shares of companies listed in the Iraq Stock Exchange The study sample consisted of (33) companies and from various sectors during the period from 2019-2020. The financial ratios are as follows: (the percentage change in sales growth), (earnings per share), (the ratio of price to earnings per share), (earnings before interest and taxes), (the ratio of sales to total assets), (book value per share), ( Book value of the company (return on assets), (return on equity), (debt-to-assets ratio), (equity-to-equity ratio). Despite the estimation of the logistic models, they were of low discriminatory power, which is between (53.8) %) and (74.2%) as a maximum, however it was acceptable for the logistic model. Among its most important recommendations is the need to take into consideration the results of logistic regression models with regard to determining the determinants and factors affecting the performance of stocks in the Iraqi Stock Exchange and how to determine the way to reach the sources of capital return