The impact of sustainable financing on improving investment efficiency / An analytical study of a sample of industrial companies listed on the Iraq Stock Exchange during the period (2013-2023)

Abstract

This study aims to examine the impact of sustainable finance on improving the investment efficiency of industrial joint-stock companies listed on the Iraq Stock Exchange. The study utilized data from a sample of ten industrial companies covering the period from 2013 to 2023, analyzing the data through financial and statistical metrics using Excel and EViews 9 software. The results demonstrated a statistically significant positive impact of sustainable finance on enhancing investment efficiency, as well as asset and accounts receivable turnover rates. The findings also revealed variations in the management of short-term components (working capital and inventory). Consequently, the study recommended that industrial companies integrate sustainable finance standards into their long-term strategies, direct cash flows toward upgrading production lines and minimizing waste, and revise loan and inventory policies to achieve a better balance between liquidity and profitability.