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Financial engineering's role in improving financial performance A sample of commercial banks listed on the Iraqi Stock Exchange was investigated.
Corresponding Author(s) : M.M. Abbas Jalil Mohisen
American Journal of Economics and Business Management,
Vol. 5 No. 2 (2022): American Journal of Economics and Business Management
Abstract
The current research aims to indicate the role of financial engineering on one of its instruments, namely, financial derivatives in the development of financial performance in the opinion of the directors of commercial banks, and raised the problem of research with a range of questions centered on the nature of the link and the impact between the search variables and their effect, and used the questionnaire form as a tool for obtaining information, as the questionnaire forms were distributed to the Dra and specialists in banks and its numbers (50) form have been retrieved (44) form and were analyzable, and to know the validity of the hypotheses were many tests were conducted by the use of the statistical analysis program and the research produced the descriptive analytical approach, where the research reached a set of conclusions, the most important of which is there There is a statistically significant correlation between financial engineering (derivatives) and the financial performance of commercial banks research sample, this confirms the benefit of the banks researched in identifying financial engineering products and their contribution to financial performance, as well as the presence of a positive impact and moral levels of the financial engineering variable in the financial performance variable , and the research recommends the need to invest strong relationships between financial engineering and Financial performance at the macro and partial levels and the investment of this relationship to serve the private banks that are under consideration.
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- Mohsen, Samira, (2006), derivatives and their role in covering financial market risks: Bank Case Study, BNP-PARLBAS), Master's Thesis, University of Matouri, Constantinople, Algeria.
- Shams al-Haq, Mahmoud al-Hassan Mawlana( 2011), The Derivation of Ibn Adel al-Damascene in his interpretation of "Al-Labab in Book Science", doctoral research in the Language, Grammar and Drainage Branch, Um al-Qura University, Saudi Arabia.
- Al-Zarfi, Mohammed Abdul Amir Atiyah Hassouni, 2013, "The implications of banking liberalization in strategic financial performance, an application study of a sample of Iraqi private sector banks for the period 1998-2011, an unpublished master's letter in financial and banking sciences, University of Karbala.
- Ashi, Adel , (2002), "Financial Performance of Economic Institutions - Measurement and Evaluation, Case Study of The Cable Industries Foundation in Baskra, Master's Thesis, Faculty of Law and Economics, Mohamed Kheder University, Biskra- Algeria.
- Hindi, Munir Ibrahim (2006), Modern Thought in Risk Management, Financial Engineering using Securitization and Derivatives, Part II, Knowledge Distribution Facility, Alexandria-Egypt.
- Al-Khatib, Mahmoud, Financial Performance and Impact on Corporate Equity Returns, First Edition, Dar al-Hamid, Amman, 2010.
- Zubaidi, Hamza Mahmoud, (2008), Advanced Financial Management, Al-Warraq Publishing and Distribution Corporation, Amman, Jordan.
- Al-Samarrai, Adnan Hashem, (2013), Financial Management - Quantitative Entrance, First Edition, Zahran Publishing and Distribution House, Amman - Jordan.
- Al Ameri, Mohammed Ali, (2015), "Financial Management", Al-Muharq al-Muharqat Publishing and Distribution House, Amman, Jordan.
- Mutawa, Saad Abdel Hamid, (2010), "Financial Management - Modern Entrance", Modern Library, Beirut- Lebanon
- Student, Omar, Goofy, Abdel Meguid(2007), mortgage refinancing and its impact on algeria's financial and banking system, Arab Open Academic Journal, Denmark, issue 2.
- Boumediene, Noreen, (2013), Financial Engineering Products as an entry point for the activation of the stock market, Journal of Administrative Studies, Volume 1, Issue 40 Basra University- Iraq.
References
Mohsen, Samira, (2006), derivatives and their role in covering financial market risks: Bank Case Study, BNP-PARLBAS), Master's Thesis, University of Matouri, Constantinople, Algeria.
Shams al-Haq, Mahmoud al-Hassan Mawlana( 2011), The Derivation of Ibn Adel al-Damascene in his interpretation of "Al-Labab in Book Science", doctoral research in the Language, Grammar and Drainage Branch, Um al-Qura University, Saudi Arabia.
Al-Zarfi, Mohammed Abdul Amir Atiyah Hassouni, 2013, "The implications of banking liberalization in strategic financial performance, an application study of a sample of Iraqi private sector banks for the period 1998-2011, an unpublished master's letter in financial and banking sciences, University of Karbala.
Ashi, Adel , (2002), "Financial Performance of Economic Institutions - Measurement and Evaluation, Case Study of The Cable Industries Foundation in Baskra, Master's Thesis, Faculty of Law and Economics, Mohamed Kheder University, Biskra- Algeria.
Hindi, Munir Ibrahim (2006), Modern Thought in Risk Management, Financial Engineering using Securitization and Derivatives, Part II, Knowledge Distribution Facility, Alexandria-Egypt.
Al-Khatib, Mahmoud, Financial Performance and Impact on Corporate Equity Returns, First Edition, Dar al-Hamid, Amman, 2010.
Zubaidi, Hamza Mahmoud, (2008), Advanced Financial Management, Al-Warraq Publishing and Distribution Corporation, Amman, Jordan.
Al-Samarrai, Adnan Hashem, (2013), Financial Management - Quantitative Entrance, First Edition, Zahran Publishing and Distribution House, Amman - Jordan.
Al Ameri, Mohammed Ali, (2015), "Financial Management", Al-Muharq al-Muharqat Publishing and Distribution House, Amman, Jordan.
Mutawa, Saad Abdel Hamid, (2010), "Financial Management - Modern Entrance", Modern Library, Beirut- Lebanon
Student, Omar, Goofy, Abdel Meguid(2007), mortgage refinancing and its impact on algeria's financial and banking system, Arab Open Academic Journal, Denmark, issue 2.
Boumediene, Noreen, (2013), Financial Engineering Products as an entry point for the activation of the stock market, Journal of Administrative Studies, Volume 1, Issue 40 Basra University- Iraq.