A study of the impact of accounting disclosure on improving the efficiency of financial markets and enhancing their market value – An analytical study in Iraqi industrial companies.

Saeed Aidi, Iman

doi:10.33916/qjae.2025.042739

	A study of the impact of accounting disclosure on improving the efficiency of financial markets and enhancing their market value – An analytical study in Iraqi industrial companies.
AL-Qadisiyah Journal For Administrative and Economic sciences
Volume 26, Issue 4, February 2026, Pages 27-39 PDF (692.33 K)
DOI: 10.33916/qjae.2025.042739
Author
Iman Saeed Aidi^*
Technical institute of Amara
Abstract
The study aims to demonstrate the impact of the relationship between accounting disclosure on improving the efficiency of financial markets and enhancing the value of industrial companies in Iraq, highlighting the importance of accounting disclosure in financial reports and its role in improving them. The study population consists of a sample of Iraqi industrial companies listed exclusively on the Iraq Stock Exchange, namely (Baghdad Soft Drinks Company - Iraqi Engineering Works Company - Ready-Made Garments Production Company) within the scope of the study for the years 2022 and 2023. The study concluded that there is a positive and statistically significant relationship between accounting disclosure and the value of industrial companies at a statistical significance level of 0.05, as increasing accounting disclosure and the value of industrial companies by one unit leads to an improvement of (0.760). The results also indicated the significance of the impact relationship with a value of (T) of (14.222), and the stability of the regression coefficients with a value of (F) of (102.444), which contributed to explaining (0.230) of the permissible variance in accounting disclosure and the value of industrial companies at a significance level of 0.05. The study recommended improving the level of accounting disclosure in financial reports through concerted efforts by participating companies, auditors, and the Securities Commission. It also recommended developing legislation to keep pace with new developments and improve the information disclosure process to meet investor needs and simplify their decisions, as well as addressing the causes of the lack of information disclosure by companies listed on the Iraq Stock Exchange.
Keywords
accounting disclosure; financial markets; market efficiency; company value

Statistics Article View: 44 PDF Download: 57