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دراسة في مصداقية العائد على الاستثمار كمؤشر مالي لأسهم الشركات المدرجة في أسواق البورصة
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لطالما تُبنى قرارات الاستثمار في أسهم الشركات المدرجة في أسواق البورصة على خلفية المؤشرات المالية لها والتي عادةً مايتم إصدارها في نشرات سنوية معتمدة من قبل تلك الاسواق، إذ غالباً مايقوم المحللون الماليون بالاستعانه بها لتوجيه المستثمرين لإتخاذ القرارات المتعلقة بشراء أو بيع أسهم هذه الشركات.

لكنه على الرغم من ذلك تحدث إنهيارات كبيرة في أسواق البورصة بين فترة وآخرى وخير مثال على ذلك ما أصاب بعض شركات البورصة الأمريكية بداية القرن الحالي نتيجة التلاعب الذي حصل في البيانات المحاسبية لبعض هذه الشركات وماصاحبها من تغطية من قبل شركات التدقيق المتواطئه مع إدارات تلك الشركات.

كانت شركات التكنولوجية الأمريكية أهم الشركات المعنية بذلك إذ أدى الإنخفاض الملحوظ في قيمة أسهمها إلى هبوط إقتصادي مفاجئ، حيث شكلت خسائر أسهمها لعام 2001 مانسبته
60 % من القيمة السوقية الإجمالية للأسهم التي تمتلكها 280 شركة تعمل في هذا المجال([1]).

وتجلت الفضائح المحاسبية بعد إفلاس شركة كيوويست للإتصالات وانرون وتايكو وغلوبال ترومسينغ وورد كوم. والشركة الأخيرة تعتبر من كبريات الشركات الرائدة في قطاع الإتصالات الإمريكية ولديها حوالي 50 مليون عميل.

ومن بين تلك الفضائح إكتشاف مخالفات حسابية قدرت بحوالي 3.85 مليار دولار لعام 2001 والفصل الأول من عام 2002 متضمنه تحويل بين حسابات داخلية بلغت 3.055 مليار دولار لعام 2001 و797مليون دولار لعام 2002، الأمر الذي تطلب محاسبة شركات التدقيق في حينه والتوصية بالإعتماد على المعايير الدولية.

لم تتوقف إنهيارات أسواق رأس المال وأهمها ماحدث في أسواق بورصة الخليج كسوق السعودية ودبي عام 2006 ولم يكن السبب هذه المرة مخالفات أو فضائح محاسبية كما حدث في الشركات الأمريكية السالفة الذكر، مما يستدعي وقفه لدراسة أسباب ذلك والتي من أهمها حسب رأينا البحث في مصداقية المؤشرات المالية التي تعتمد من قبل المستثمرين في إتخاذ قراراتهم.

 

 

 

(1)  يوسف عبد الله الزيدي، ومحمد بركه العتبي، المحاسبة ودوامة آنرون، جامعة الملك سعود     

www. Ksuqassem.org

                                      

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Publication Date
Wed Mar 29 2023
Journal Name
Journal Of The College Of Education For Women
A Cognitive Linguistic Study of the Present Simple: An Experimental Study in the University of Baghdad
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Some research reports that cognitive grammar (CG) theory has good contributions to teaching English as a foreign language. In this research, the researchers seek to apply this theory and its principles when teaching the simple present tense to Iraqi students who face difficulties in differentiating between the multiple usages of this tense. To achieve this objective, the researchers have conducted an experimental study on a group of 60 Iraqi students in the University of Baghdad, College of Education for Women. Langacker’s (2003) theory has been adopted in the analysis of the cognitive relations to understand the common and different connections of these usages of the simple present. The study has concluded that the cognitive grammar t

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Fri Jun 20 1930
Journal Name
College Of Islamic Sciences
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The name of God the Merciful
Praise be to Allah, Lord of the Worlds, and prayers and peace be upon the prophets and messengers Prophet Muhammad and his family
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The degree of happiness in religion and the other, as it develops all aspects of his personality, and supports the love of goodness for himself
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Publication Date
Thu Feb 13 2020
Journal Name
College Of Islamic Sciences
سيا Contextual study of faces and isotopes
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The nature of the research required that it be divided into three sections:
The first topic: I singled it out to show the types of contextual connotations.
- The second topic: I singled it out to define the word bad and its meaning.
- The third topic: I devoted it to the study of the word bad and explaining the significance of the Quranic context on the additional meaning and the original meaning.
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Publication Date
Mon Sep 25 2023
Journal Name
Arab Science Heritage Journal
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Publication Date
Wed Oct 04 2023
Journal Name
Arab Science Heritage Journal
البهائيون في بغداد (دراسة تاريخية)
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Publication Date
Thu Dec 31 2020
Journal Name
College Of Islamic Sciences
The most important and important rule in the Quranic perspective "An applied study"
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Wed Apr 01 2009
Journal Name
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Publication Date
Fri Jan 04 2019
Journal Name
Journal Of Planner And Development
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Publication Date
Wed Jan 29 2020
Journal Name
Journal Of Accounting And Financial Studies ( Jafs )
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Publication Date
Fri Feb 01 2019
Journal Name
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Adopting IPSASs and its impact on the quality of financial reporting and performance evaluation in Iraqi government units
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