The Role of Capital Structure on Profitability during Financial Crisis: An Empirical Evidence of Financial- Firms listed in the Iraq Stock Exchange

The purpose of this study is to analyze the role capital structure (CS) on profitability for a sample consisting 27 financial firms listed Iraq Stock Exchange (ISE) period (2012-2020). Square Fully Modified Ordinary Least Squares model (FMOLS), and Auto Regressive Distributed Lag Model (ARDL) were resorted estimate parameters regression model. results reveal that CS current has negative relationship with in light crisis. Additionally, presence inverse between mediating variables (firm size, asset structure, growth liquidity) structure. Managers shareholders may find these findings significant, particularly when they place high priority their decision about company's during