Document Type : Reasearch paper
Abstract
The study aims to determine the nature and direction of fluctuations in stock returns and measure the size of those fluctuations during, before, and after a financial crisis, and to determine if there are a significant difference between stock returns and their fluctuations during, before, and after the financial crises. to achieve the goal of the study, we relied on the monthly reports of (15) companies in the Iraq stock exchange and (15) companies in the saudi stock exchange for the periods (2007-2009) and (2013-2015). we use (MAAN-WITNY) test in order to test the study's hypotheses. the study reached a set of conclusions, the most prominent of which is that the returns and risks of shares of Iraqi companies were least affected by the financial crises of the years 2008 and 2014 compared to shares of the Saudi companies.
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