أثر المخاطرة القطرية في محفظة االسهم المثلى ) دراسة تطبيقية في سوق العراق لألوراق المالية للمدة 5002-5002

The impact of country risk on the Optimal Stock portfolio

Abstract
As a result of the financial and economic shocks and
repeated crises experienced by the global economy in the
last decades of the twentieth century and the beginning of
the twentieth century atheist and, Faced and facing most
countries with a foreign debt of many problems in the
debt service and the owner of a big find at the domestic
level on the one hand and the outside on the other hand,
pushing for more attention to variables and terms very
important Consistent with these data, Among the most
important of these variables are the country risk and
which summarizes the country’s commitments to
creditors, and therefore the risk of longer-Faisal on the
side of domestic and foreign investment is the main
determinant in attracting or avoid those investments
based on that variable or indicator (country risk).
The advantage of the financial sector are generally
higher risks and the large size and number of securities
and financial aspects of the investment, which is
characterized as an uncertainty in the side returns, so the
problem of any investor-centric nature of the securities
that it is possible to form through the investor portfolio
among a large number of possible investment portfolios
and so came the drafting of the study the problem as
follows:
1. What are the stocks that make up the optimum
investment portfolio in the Iraq Stock Exchange during
the years 2005-2015?
2. Does the return and risk of the investment portfolio is
characterized by relative stability, optimal in every year
for the period 2005 to 2015?
3. Is there a correlation between the country and the
impact of the risk of Iraq and between return and risk of
2
the investment portfolio during the optimum period of
study?
Depending on the study, the problem of the main
hypotheses of the study were as follows:
1. similar stocks within the optimal portfolio for each
year in the Iraq Stock Exchange.
2. The return and risk in the investment portfolio
optimum Iraq Stock Exchange of stability during the
period (2005-2015)
3. There is a correlation and significant effect between
country risk for Iraq and between return and risk of the
investment portfolio during the optimum period of study.
This study aims to build an optimal portfolio in the
Iraq Stock Exchange for each year of the study identified
from 2005 until 2015, and analysis of data each portfolio
separately and stocks involved in building the optimal
portfolio in a manner simple arrangement. And thus
measure the impact based on the evidence of country risk
country risk (ICGR) in the optimal investment portfolio
expressed as a yield and risk investment portfolio on an
annual basis.
In order to achieve the main goals of the study, the
study was divided into four chapters, which included the
first chapter of country risk investment portfolio and the
ideal: a knowledge. As part of the second chapter came
under some previous systematic study of cognitive efforts
address. The third chapter singled side applied to the
study, including measuring the impact of country risk in
the investment portfolio optimal, came by three
Investigation boss, the study concluded that a set of
conclusions that emerged from the study and in the light
of which were drafted a number of recommendations
were formulating it all in the fourth quarter