اثر سياسة التمويل على مردودية المشاريع الاستثمارية

Abstract

This study attempts to find out the impact of the financing policy on the rationality of investment projects, so that we have clarified the various financing policies that the institution can adopt in order to finance its investment activity. The funding function is central to the continued development of the institution. There are many policies available to the institution to finance its activities. This is due to the multiplicity of sources of funding. The sources of funding were not available to the institution. It was required to choose the appropriate financing mix that fits its financial structure and achieve its objectives at the lowest cost and maximum return. To achieve this objective, we conducted a field study on a sample from the Wilayat of Adrar through a study of the impact of the financing policy on the financial resources of the investment projects. The study concluded that there is an impact between the financing policy and the friendly financial system. The maximization of the value of the institution is the objective of any institution with the choice of the appropriate financing mix.