The College of Administration and Economics at the University of Baghdad discussed, a PhD dissertation in field of Business Administration by the student (Mohammed Abd Ahmed ) and tagged with (Analysis Of Stock Market Performance Under Of Inflation And Its Reflection On The Market Value Added / Empirical Research At Iraq Stock Exchange) , Under supervision of (Prof. Dr. Abd Al Salam L. Saeed )
Depending on its size and worth, the financial market’s expansion in terms of its financial indicators forms the basis for stock trading. This is so that investors may really profit from their investments, as these trades are important indications for measuring market success. It is challenging to reach this goal unless the market’s performance and the shares traded within it have surpassed their nominal worth after overcoming inflation rates. This unquestionably illustrates attaining positive real returns that offset the decline in the share prices’ buying power. With a number of Iraqi industrial and service companies listed on the Iraq Stock Exchange, this study seeks to identify the type of expected relationship between inflation as the explanatory variable and the variation and shareholder value expressed by the measure of market value added. Without attempting to examine the impact of financial market performance on shareholder value, the majority of research focuses on analyzing the reciprocal relationship between inflation and market performance as well as the impact of inflation on shareholder value. In accordance with each of the consumer price indexes (CPI and the Iraq Stock Exchange Index), the data released and published by the Central Bank of Iraq and the Iraq Stock Exchange were used for a sample made up of ten (10) industrial and service companies. These companies were chosen through the intentional sampling method for the period spanning from January 2010 to March 2023. The quantity of traded shares and market capital shares to determine the market turnover rate, as well as the market performance of the firm and its invested capital to determine the MVA that was added throughout the study period. Consequently, the relationships between the variables were examined and tested in accordance with the study’s specifications. The study suggests the need to investigate these relationships because it statistically confirmed the impact of inflation on MVA through the market index, which means that MVA varies fully depending on the interpretation of the variation, inflation, and the market index, and in the direct positive direction of the studied variables.
