IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021)
The study objective was to examine the impact of financial engineering innovation on the profitability of commercial banks in Iraq (Trade Bank of Iraq). For this purpose, quantitative data was collected from the annual reports of the Trade Bank of Iraq for the period of 2012 to 2021. The data cover...
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Regional Association for Security and crisis management, Belgrade, Serbia
2024-12-01
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| Series: | Operational Research in Engineering Sciences: Theory and Applications |
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| Online Access: | https://oresta.org/menu-script/index.php/oresta/article/view/789 |
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| author | Ksma Saber Awdh |
| author_facet | Ksma Saber Awdh |
| author_sort | Ksma Saber Awdh |
| collection | DOAJ |
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The study objective was to examine the impact of financial engineering innovation on the profitability of commercial banks in Iraq (Trade Bank of Iraq). For this purpose, quantitative data was collected from the annual reports of the Trade Bank of Iraq for the period of 2012 to 2021. The data covered a total of five years before the bank approved the services for the years (2012-2016) and a period of (5) years after the adoption of the bank's new financial innovations (2017-2020) as contemporary sources of financing aimed at achieving efficiency in current financial products and developing them in a way that enhances renewable and diversified financial needs. Various profitability indicators were used namely return on assets, return on equity, earning per share, and gross income profit. The independent sample T-test results show that commercial banks' profitability in Iraq commercial bank after the adoption of financial engineering has a statistical difference. These findings contributed that there is a statistically significant effect of these innovations on the profitability of the bank for all indicators measuring the profitability of the Trade Bank of Iraq for the period before and after the use of financial innovations. The study limitations and future directions were also discussed after the conclusion of the study.
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| format | Article |
| id | doaj-art-9d094ff239c74507a59237cf648ab515 |
| institution | Kabale University |
| issn | 2620-1607 2620-1747 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Regional Association for Security and crisis management, Belgrade, Serbia |
| record_format | Article |
| series | Operational Research in Engineering Sciences: Theory and Applications |
| spelling | doaj-art-9d094ff239c74507a59237cf648ab5152025-02-11T19:31:30ZengRegional Association for Security and crisis management, Belgrade, SerbiaOperational Research in Engineering Sciences: Theory and Applications2620-16072620-17472024-12-0173IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021)Ksma Saber Awdh0University of Al-Qadisiyah y, College of Administration and Economics, Department of Business Administration, Al-Diwaniyah, Qadisiyah Province, Iraq. The study objective was to examine the impact of financial engineering innovation on the profitability of commercial banks in Iraq (Trade Bank of Iraq). For this purpose, quantitative data was collected from the annual reports of the Trade Bank of Iraq for the period of 2012 to 2021. The data covered a total of five years before the bank approved the services for the years (2012-2016) and a period of (5) years after the adoption of the bank's new financial innovations (2017-2020) as contemporary sources of financing aimed at achieving efficiency in current financial products and developing them in a way that enhances renewable and diversified financial needs. Various profitability indicators were used namely return on assets, return on equity, earning per share, and gross income profit. The independent sample T-test results show that commercial banks' profitability in Iraq commercial bank after the adoption of financial engineering has a statistical difference. These findings contributed that there is a statistically significant effect of these innovations on the profitability of the bank for all indicators measuring the profitability of the Trade Bank of Iraq for the period before and after the use of financial innovations. The study limitations and future directions were also discussed after the conclusion of the study. https://oresta.org/menu-script/index.php/oresta/article/view/789Financial engineering innovationsTraditional financial toolsProfitabilityDecision Making |
| spellingShingle | Ksma Saber Awdh IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021) Operational Research in Engineering Sciences: Theory and Applications Financial engineering innovations Traditional financial tools Profitability Decision Making |
| title | IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021) |
| title_full | IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021) |
| title_fullStr | IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021) |
| title_full_unstemmed | IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021) |
| title_short | IMPACT OF FINANCIAL ENGINEERING INNOVATIONS ON PROFITABILITY: A CASE STUDY ON THE COMMERCIAL BANK OF IRAQ (TBI) FOR THE PERIOD (2012-2021) |
| title_sort | impact of financial engineering innovations on profitability a case study on the commercial bank of iraq tbi for the period 2012 2021 |
| topic | Financial engineering innovations Traditional financial tools Profitability Decision Making |
| url | https://oresta.org/menu-script/index.php/oresta/article/view/789 |
| work_keys_str_mv | AT ksmasaberawdh impactoffinancialengineeringinnovationsonprofitabilityacasestudyonthecommercialbankofiraqtbifortheperiod20122021 |