The Impact of Free Cash Flows on Financial Performance of a Sample of the Banks Listed in Iraqi Stock Exchange

The purpose of this study is to demonstrate the concept of free cash flows and the concept of financial performance, and the impact of free cash flows on financial performance for a sample of banks listed on the Iraq Stock Exchange. The study sample consisted of 13 banks "listed" in the Iraq Stock Exchange from 2007 to 2019. Lehn et al. (1993) and Jutami et al. (2011) are used to measure free cash flows. In addition. financial performance is measured through Return on Assets Ratio, Return on Equity Ratio, and Tobin's Q scale. This study concluded: Free cash flows have a statistically negative effect on financial performance. The researcher also recommends that boards of directors form committees to monitor and assess the commitment to achieving the inefficient investment fields of free cash flow investment strategies