ٍسياسة الاستثمار في رأس المال العامل وأثرها على العائد والمخاطرة

Investment Policies in Working Capital and Their Impact on the Return and Risk

Abstract :

The study aimed to analyze the relationship between investment policies in working capital and the impact of these policies on both return and risk, and through the financial statements that include a balance sheet and income analysis revealed. It was through the statements of the budget to identify the type of the approved investment policy in current assets that make up the whole of working capital which is of great interest by the managements of its importance and composition of a large proportion in some installations, according to the type of economic activity, particularly commercial companies. Were selected (15) Company of the total (21) is a company from the industrial sector companies for a period of 8 years from 2006 to 2013 and is listed companies in the Iraq Stock Exchange since divided the fifteen companies to (10) companies follow the policy conservative and (3 ) tracking moderate politics and two companies are following the policy of risk, have been adopted fiscal scientific method and statistical analysis of these policies. where they were to reach a set of conclusions that the most important risk is inversely proportional to current assets size as the more current assets reduced risk, while the relationship between risk and return whenever a positive risk increased increased yield, and that the economic and security conditions. the impact is obvious in influencing the management of businesses, and the most important recommendation is to choose the efficient management of working capital management through the balancing of assets and funding policies.