FAMILY BUSINESSES IN IRAQ: AN ECONOMIC AND ACCOUNTING STUDY ANALYZING PERFORMANCE AND FINANCE

Abstract

This study investigates the development and performance of family businesses in Iraq, focusing on both internal and external factors that influence their sustainability and growth. Using a descriptive-analytical approach, data were collected from 100 family-run businesses through questionnaires evaluating demographics, capital availability, family support, ambition, educational attainment, political and social influences, and access to information. The findings indicate that capital and family support are the most significant determinants of business success, while gender differences influence perceptions of demographic and social factors. Moreover, the role of commercial banks is limited but crucial for providing financing, training, and institutional support to enhance operational efficiency and sustainability. The study offers practical recommendations for policymakers, financial institutions, and families to strengthen family business performance and contribute to economic development in Iraq.