قياس المخاطر المالية وأثرها على العوائد التشغيلية للمشروعات الصغيرة(دراسة تطبيقية على المشروعات الصغيرة بمنطقة الجبل الأخضر خلال الفترة 2012-2018)

المؤلفون

  • عبدالواحد سعيد عمران قسم التمويل والمصارف، جامعة عمر المختار، ليبيا. مؤلف
  • احميدين رمضان احميدين الجازوي موظف، مصرف الوحدة، فرع درنة مؤلف

DOI:

https://doi.org/10.54172/p6ww1f61

الكلمات المفتاحية:

المخاطر، المشروعات الصغيرة، العوائد التشغيلية

الملخص

سعت هذه الدراسة إلى تحديد وقياس أبرز المخاطر المالية وتأثيرها على العوائد التشغيلية للمشروعات الصغيرة في منطقة الجبل الأخضر بليبيا، ولتحقيق هذا الهدف، تم اتباع المنهج الوصفي التحليلي، حيث جُمعت البيانات عبر استبانة وُزعت على عينة عشوائية بسيطة مكونة من 170 مشروعاً، ومن ثم حُللت النتائج إحصائياً باستخدام برنامج. (Stata)

أظهرت النتائج أن مخاطر السيولة ورأس المال والتشغيل هي أبرز المخاطر المالية التي تواجهها المشروعات الصغيرة، مع وجود علاقة موجبة ذات دلالة إحصائية بين هذه المخاطر وعوائدها التشغيلية، حيث يؤدي إهمال قياسها إلى الإفلاس. وبناءً عليه، توصي الدراسة بتكثيف الأبحاث في هذا المجال، وتقديم الدعم الحكومي عبر برامج تمويل مناسبة، مع ضرورة توعية أصحاب المشروعات بأهمية قياس المخاطر، وإلزامهم بتبني نظم محاسبية متطورة تُمكّنهم من ذلك.

المراجع

References:

• Al-Barani, Suleiman Ahmed, and Al-Waridi, Abdul Rahman Ahmed. (2019). Obstacles to Financing Small Projects in Libya: A Survey of Commercial Bank Employees, Misrata University.

• Belkheir, Laroussi. (2015). Estimating Return and Risk of Investment According to the MEDAF Model with GARCH-M Error. The Case of the Saudi Stock Exchange. Faculty of Economic and Commercial Sciences, Kasdi Merbah University.

• Al-Jajawi, Talal, and Al-Rawi, Abdul Khaliq. (2007). Analyzing the Relationship Between Operating Returns and the Behavioral Patterns of Company Leaders: An Exploratory Study in a Sample of Jordanian Companies, Iraqi Journal of Administrative Sciences, Al-Isra Private University.

• Jumaan, Najat Muhammad. (2017). A Model for Measuring the Relationship Between Risk and Return in Financial Institutions: An Application to Yemeni Banks. Sana'a University, Faculty of Commerce, Issue (17), pp. 182-183-193.

• Jamila, Wali, and Mahad, Ariwa. (2014). Credit risk management in commercial banks according to Basel Committee requirements: A field study. Mohamed Boudiaf University, M'sila, Faculty of Economic, Commercial and Management Sciences.

• Hammoud, Qassem Mohamed, Fares, Ali Ahmed. (2019). Analysis of the concentration and diversification of the loan portfolio using the Hirschman-Hirfendale model and its impact on bank returns and risks: An applied study on a sample of Iraqi commercial banks for the period (2006-2017). University of Karbala, College of Administration and Economics.

• Khaled, Bouafia, Jaber, Momen, Boubaker, Taghia. (2017). Bank liquidity and its impact on returns and risks: A comparative study between two banks. Commercial-Islamic. University of Shahid Hamma Lakhdar. Faculty of Economic, Commercial and Management Sciences.

• Rashwan, Abdul Rahman Muhammad. (2019). The role of accounting records in providing useful information for decision-making in small and medium-sized entrepreneurial projects. Misrata University.

• Al-Rifai, Ahmed Hashem. (2017). Predicting corporate default using the Altman model: A study on industrial companies listed on the Amman Stock Exchange. Middle East University.

• Al-Sultan, Hassan, Al-Hussein, Muhammad. (2009). Financial investment risk management. Faculty of Economics. University of Damascus.

• Al-Sunaih, Suha Nabil. (2017). Forming Investment Portfolios for Corporate Social Responsibility and Islamic Companies: A Case Study of the Saudi Stock Market. Damascus University, Faculty of Economics.

• Safia, Bazam. (2014). Using Financial Indicators to Predict Financial Distress: An Applied Study of a Sample of Small and Medium Enterprises in Ouargla Province, Algeria.

• Tabakh, Ilham. (2015). The Role of Financial Ratios in Predicting Financial Distress: An Applied Study of a Sample of Small and Medium Enterprises during the Period (2009-2014), Algeria.

• Tashatoush, Hayel Abdelmoula. (2012). Small Projects and Their Role in Development. Dar Al-Hamid Publishing and Distribution.

• Al-Titi, Khader Misbah. (2010). Fundamentals of Project Management and Information Technology. Dar Al-Hamid Publishing.

• Adel, Salmani. (2013). Studying the Relationship Between Return and Risk on Investment Instruments in the Islamic Capital Market: A Case Study of Malaysia. Mohamed Khider University, Faculty of Economic, Commercial and Management Sciences.

• Al-Fartas, Ahmed Fathi. (2018). The Impact of Financial Risk Measurement on Improving the Financial Performance of Small Projects: An Applied Study on Small Projects in Derna. Afaq Iqtisadiyya Journal. 3.

• Fayyad, Mahmoud, Mazaher, Ayman, Suleiman, Awda, Nashwat, Laila. (2009). Small Project Management. First Edition. Dar Al-Shorouk. Amman.

• Al-Qawasmeh, Maysoun Muhammad. (2010). The Reality of Business Incubators and Their Role in Supporting Small Projects in the West Bank. Hebron University. Faculty of Graduate Studies and Scientific Research, p. (10).

• Qushji, Ibrahim Nafeh. (2014). Financial Markets (Their Concept, Components, Types, and Indicators) and Their Fundamental and Technical Analysis. Hama University. Faculty of Economics.

• Krousha, Fatima Al-Zahra. (2015). Using Financial Ratios to Predict Corporate Failure: A Field Study. Djillali Elias University, Sidi Bel Abbes. Department of Economic Sciences.

• Mahsoul, Naaman, Mahrez, Nour El-Din. (2018). Evaluating Investment in Securities Under Portfolio Theory. Journal of Studies. University of Laghouat. Issue (2), 54-55.

• Mahmoud, Muhammad Khalil. (2018). Small Projects: An Approach to Sustainable Development. Hamithra Publishing House.

• Mufleh, Hazza. (2018). Investment and Portfolio Management. University of Hama. Faculty of Economics.

• Milad, Abdul Rahman Bashir, and Aqil, Jumaa Farhat (2017). The Role of the Deposit Guarantee System in Achieving Banking System Stability and Enhancing Banking Confidence. Al-Marqab University. Faculty of Economics and Commerce.

• Nazir, Hanadi. (2018). Small Project Management. Al-Nafis Publishing and Distribution House.

Foreign References:

• Altman, Edward I., (1968), "Financial Ratios Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, Vol. 23, No. 4, pp. 589-609.

• Chieng, J.R., (2013), “Verifying the Validity of Altman’s Z” Score as a Predictor of Bank Failures in the Case of the Eurozone”, National College of Ireland, Master thesesi

• Nur Adiana hiau Abdullah and Abd Halim, Hamilton Ahmad, Rohani MD. Rus, (2008), "Pre-dicting Corporate Failure of Malaysia's Listed Companies: Comparing Multiple Analysis, Logistic Regression and the Hazard Model", International Research Journal of Finance and Economics, is-sue15, pp. 201-217.

التنزيلات

منشور

2025-12-31

إصدار

القسم

Articles

كيفية الاقتباس

قياس المخاطر المالية وأثرها على العوائد التشغيلية للمشروعات الصغيرة(دراسة تطبيقية على المشروعات الصغيرة بمنطقة الجبل الأخضر خلال الفترة 2012-2018). (2025). مجلة المختار للعلوم الاقتصادية, 12(2), 297-316. https://doi.org/10.54172/p6ww1f61

المؤلفات المشابهة

يمكنك أيضاً إبدأ بحثاً متقدماً عن المشابهات لهذا المؤلَّف.