The Role of Contemporary Performance Measures in Enhancing Growth Opportunities: An Applied Study on the Rasheed Commercial Bank of Iraq (2014-2020)
Keywords:
IraqAbstract
The study aimed to determine the role of contemporary performance measures in enhancing growth for the Rasheed Commercial Bank of Iraq by uncovering the relationship between financial performance, which helps assess the bank's ability to create value and its future growth reflected in revenue strength and credit utilization rate, and growth opportunities measured by deposit growth and cash credit growth indicators. This study focused on the use of these indicators to evaluate the bank's financial performance. To achieve the study's objectives and hypothesis, the Rasheed Commercial Bank was selected as the sample for the study, and financial data from the bank were utilized. Financial equations and statistical methods were employed to process the data, and the results were extracted using the SPSS software version 24. By relying on the multiple regression method to test the study's hypotheses, the results of the first hypothesis indicated a correlation of about 78% between financial performance indicators (revenue strength and capital utilization rate) and growth indicators (deposit growth rate). The results of the second hypothesis showed a correlation of approximately 62% between financial performance indicators (revenue strength and capital utilization rate) and growth indicators (cash credit growth rate). However, both the first and second hypotheses were rejected due to the significance level being greater than 0.05, as assumed by the researcher for both hypotheses. The study concluded that there is no statistically significant relationship despite a moderate association between financial performance indicators and growth indicators. The researcher recommended that the management of the Rasheed Commercial Bank expand its activities to play a more significant role in the financial sector.
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