IMPACT OF INTERNAL RATE OF RETURN CRITERION (IRR) AND MODIFIED INTERNAL RATE OF RETURN CRITERION (MIRR) ON INVESTMENT DECISIONS: EVIDENCE FROM FOREIGN COMPANIES INVESTING IN THE IRAQI ENVIRONMENT
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Abstract
The purpose of this study is to investigate the possibility of reaching international capital budgeting criteria (IRR and MIRR), to be more suitable for international companies in making investment decisions, and to indicate the equations for measuring the results of international capital budgeting criteria that contribute to reaching future cash flows and predicting them. The research sample consisted of analysts, investors, academics, financial managers, and those interested in the field of foreign investments and financial data analysis for all service contract fields. The researcher distributed (343) valid ques- tionnaire forms for analysis, and the form included a set of paragraphs and questions whose data were collected and classified using the statistical program (SPSS vr. 24). The study concluded that the international capital budgeting criteria (IRR and MIRR) prepared on the basis of discounted cash flows (DCF) are preferred measures in reaching the best investment decisions in the Iraqi environment.
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