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Predicting the financial distress of companies using logistic regression and its impact on earnings per share in companies listed on the Iraqi Stock Exchange: Predicting the financial distress of companies using logistic regression and its impact on earnings per share in companies listed on the Iraqi Stock Exchange
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Abstract

The prevention of bankruptcy not only prolongs the economic life of the company and increases its financial performance, but also helps to improve the general economic well-being of the country. Therefore, forecasting the financial shortfall can affect various factors and affect different aspects of the company, including dividends. In this regard, this study examines the prediction of the financial deficit of companies that use the logistic regression method and its impact on the earnings per share of companies listed on the Iraqi Stock Exchange. The time period of the research is from 2015 to 2020, where 33 companies that were accepted in the Iraqi Stock Exchange were selected as a sample, and the research hypotheses were tested using normal least squares regression and logistic regression. The results of testing the first hypothesis of the research indicated that the results of the unidirectional logistic regression from Baytree indicated the confirmation of this hypothesis and it can be said with confidence that by combining accounting and market information, a suitable model can be used to predict the financial distress of accepted companies offered on the Iraqi Stock Exchange. The results of the second hypothesis of the research also showed that earnings per share is a predictor of financial deficit. Firms that predict fiscal deficit try to show lower earnings per share and try to be honest and by accurate prediction of earnings per share according to signal theory, they gain the trust of shareholders and creditors and assure that the company is trying to find a suitable solution for the current issue and other issues that may take place in the future.

Keywords: Predicting financial distress, logistic regression, earnings per share

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Publication Date
Tue Dec 05 2023
Journal Name
Baghdad Science Journal
Application of Sulfur-2,4-dinitrophenylhydrazine as Modifier for Producing an Advantageous Concrete
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In this investigative endeavor, a novel concrete variety incorporating sulfur-2,4-dinitrophenylhydrazine modification was developed, and its diverse attributes were explored. This innovative concrete was produced using sulfur-2,4-dinitrophenylhydrazine modification and an array of components. The newly created sulfur-2,4-dinitrophenylhydrazine modifier was synthesized. The surface texture resulting from this modifier was examined using SEM and EDS techniques. The component ratios within concrete, chemical and physical traits derived from the sulfur-2,4-dinitrophenylhydrazine modifier, chemical and corrosion resistance of concrete, concrete stability against water absorption, concrete resilience against freezing, physical and mechanical p

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Wed Nov 01 2023
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Solar Energy
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Tue May 01 2018
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Journal Of Ecological Engineering
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Publication Date
Mon Jan 30 2023
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Iraqi Journal Of Science
Texture Features of Grey Level Size Zone Matrix for Breast Cancer Detection
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    The texture analysis of cancer cells leads to a procedure to distinguish spatial differences within an image and extract essential information. This study used two test tumours images to determine cancer type, location, and geometric characteristics (area, size, dimensions, radius, etc.). The suggested algorithm was designed to detect and distinguish breast cancer using the segmentation-based threshold technique. The method of texture analysis Grey Level Size Zone method was used to extract 11 features: Small Zone Emphasis, Large Zone Emphasis, Low Grey Level Zone Emphasis, High Grey Level Zone Emphasis, Small Zone Low Grey Level Emphasis, Small Zone High Grey Level Emphasis, Large Zone Low Grey Level Emphasis, Large Zone High Gre

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Publication Date
Sat Aug 31 2019
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Publication Date
Tue Oct 30 2018
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Optical properties of ZnO/MgF2 bilayer thin films prepared by PVD technique
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Zinc Oxide (ZnO) is considered as one of the best materials already used as a window layer in solar cells due to its antireflective capability. The ZnO/MgF2 bilayer thin film is more efficient as antireflective coating. In this work, ZnO and ZnO/MgF2 thin films were deposited on glass substrate using pulsed laser deposition and thermal evaporation deposition methods. The optical measurements indicated that ZnO thin layer has an energy gap of (3.02 eV) while ZnO/MgF2 bilayer gives rise to an increase in the energy gap. ZnO/MgF2 bilayer shows a high energy gap (3.77 eV) with low reflectance (1.1-10 %) and refractive index (1.9) leading to high transmittance, this bilayer could be a good candidate optical material to improve the performance

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Publication Date
Fri Mar 31 2017
Journal Name
Journal Of Engineering
Free Vibration Analysis of Laminated Composite plates with General Elastic Boundary Supports
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In this investigation, Rayleigh–Ritz method is used to calculate the natural frequencies of rectangular isotropic and laminated symmetric and anti-symmetric cross and angle ply composite plate with general elastic supports along its edges. Each of the admissible functions here is composed of a trigonometric function and an arbitrary continuous function that is introduced to ensure the sufficient smoothness of the so-called residual displacement function at the edges. Perhaps more importantly, this study has developed a general approach for deriving a complete set of admissible functions that can be applied to various boundary conditions. Several numerical examples are studied to demonstrate the accuracy and convergence of the current s

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Publication Date
Thu Jun 30 2022
Journal Name
Iraqi Journal Of Science
Hydrochemical Assessment of water resources at Baquba City, Diyala Governorate, Eastern Iraq
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     For hydrochemical assessment of water resources at Baquba City, Diyala Governorate, four surface water samples were collected from the Diyala River and eight groundwater samples inside the city of Baquba. The samples were collected in the two periods, the dry period in October 2018 and the wet period in February 2019. The pH, EC, TH, turbidity, the major ions and trace elements (Fe, Cu, Co, Cd, Pb, Zn and Ni) were investigated. The results showed that the surface and groundwater are turbid, very hard and slightly brackish to moderately saltine in the groundwater, while it is hard to very hard and fresh in surface water. Heavy element analyzes revealed contamination of surface water samples and groundwater with the elements Cadmi

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