The Effect of Cash Flow on the Market Value of Iraqi companies listed at Iraq Stock Exchange
AL-Qadisiyah Journal For Administrative and Economic sciences,
2014, Volume 15, Issue 1, Pages 137-148
AbstractThis study aims to investigate the effect of cash flow on market value for listed Iraqi companies at Iraqi Stock Exchange. The study use Panel Data techniques for sample of 63 companies for 5 years during the period 2006 - 2010. The fixed-effect (within) regression model was used to examine this sample.
The study has concluded that there is no significant statistic relationship between cash flow of Iraqi companies and their market value, which means that the investors not consider the cash flow statement when the take their investment decision.
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