The contribution of innovative information systems and their role in enhancing the effectiveness of working capital management in Iraqi banks: An analytical study of a sample of Iraqi banks listed on the Iraq Stock Exchange
- Post by: Muthanna mjdes
- November 7, 2024
- Comments off
Abstract
The research aims to identify the role played by innovative information systems in activating and developing working capital policies in Iraqi banks. This was achieved by analyzing spending operations on innovative information systems tools from electronic devices and information networks and conducting an analysis to measure working capital policies applied in a sample of Iraqi banks listed on the stock market for the financial period (2018-2019-2020). Through this analysis, the research hypothesis was tested and its objectives were achieved. The most important findings of the research are that the application of innovative information systems in Iraqi banks contributes to providing the appropriate accuracy to complete work on time, which reduces future financial risks. In addition, there is a discrepancy in the application of innovative parameter systems mechanisms in Iraqi banks due to the different capabilities enjoyed by Iraqi banks. The most important recommendation of the research is the need for Iraqi banks to use innovative systems by forming a governance committee in which several entities from ministries and regulatory bodies participate. In addition to involving the Auditing and Control Profession Council for the purpose of regulating the work of banks. In addition to the necessity of making amendments to some laws, regulations and instructions in a manner consistent with innovative systems and their tools, such as the Banking Law, the Financial Markets Law, the Unified Accounting System, and the instructions attached to it.
Muthanna Journal of Administrative and Economic Sciences, 2024,Volume 14, Issue 3, Pages 130-137
DOI:10.52113/6/2024-14-3/130-137
