دور الأداء المالي للمؤسسات الجزائرية في جلب الإستثمارات الأجنبية خلال الفترة 2003-2017

Abstract

ABSTRACT This study aims to examine the role of the financial performance of Algerian economic institutions in attracting FDI during the period 2003- 2017. A sample of 33 economic institutions distributed between the industrial and service sectors was drawn from data provided by the Algerian Ministry of Finance at the level of the Directorate of Major Enterprises. To examine the relationship between FDI and the financial performance of Algerian enterprises, Algeria's share of FDI flows as a percentage was relied upon as a separate variable, while six separate variables were used: {Return on investment, return on private funds, financial independence, self-financing, public liquidity and short liquidity}, reflecting the financial performance of Algerian institutions, divided by the nature of the financial ratios into three models. Using The {ARDL} Model and we found a negative impact for each of the return on investment and Financial independence on Algeria’s share of global foreign direct investment flows, while the results showed a positive impact of the return on private funds and self-financing, as well as the absence of a significant effect of the indicators of general liquidity and short liquidity on the proportion of foreign direct investment incoming to Algeria as a percentage of the volume of flows Globalism. Keywords: investment, foreign direct investment, financial performance, financial performance of Algerian institutions, ARDL Model.