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Relationship between Financial Engineering and Financial Performance in Iraq Commercial Banks


Iman Muayad Merie Al_Khero, Sharul Effendy Bin Janudin and Azam Abdelhakeem Khalid Ahmed
Abstract

Purpose of this paper to examine the relationship between financial engineering and financial performance in Iraq commercial banks. Design/Methodology/Approach: Data were collected from Iraq commercial banks, 130 employees working in Iraq commercial banks. The data were analyzed using structural equation method via Smart PLS 3.0 to examine relationship between financial engineering and financial performance in Iraq commercial banks. Findings: P value shows that there is positive significant relationship between investment strategies and financial performance. In addition, the result shows the direct effects between strategic investment and financial performance. The findings of the study discovered that technological innovation is not significant. Moreover, there is positive relationship between technological innovation and financial performance in Iraq commercial banks. In addition, P value shows that 0.000. The result shows the positive relationship between investment strategies and financial performance. The results of statistical analysis shows that the positive significant relationship between product innovation on financial performance in Iraq commercial banks. Originality/Value: From the research perspective, this is the first study that examines the relationship between financial engineering and financial performance in Iraq commercial banks.

Volume 11 | 04-Special Issue

Pages: 2282-2290