http://www.iaeme.com/IJM/index.asp 337 editor@iaeme.com
International Journal of Management (IJM)
Volume 11, Issue 11, November 2020, pp. 337-349. Article ID: IJM_11_11_033
Available online at http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=11
Journal Impact Factor (2020): 10.1471 (Calculated by GISI) www.jifactor.com
ISSN Print: 0976-6502 and ISSN Online: 0976-6510
DOI: 10.34218/IJM.11.11.2020.033
© IAEME Publication Scopus Indexed
THE ROLE OF DISCLOSURE OF FUTURE
FINANCIAL INFORMATION IN MAXIMIZING
THE VALUE OF COMPANY IN IRAQI
INDUSTRIAL COMPANIES
Khaled Abdel Sabour Mohamed
Department of Accounting, Mazaya University College, Iraq,
The Higher Institute for Advanced Studies, Egypt.
Abbas Jumaah Al-Waeli
Department of Accounting, Faculty of Management and Economics,
University Pendidikan Sultan Idris, Malaysia
Hasanain Salim Rasheed
Department of Office Management, Technical institute for Administration,
Middle Technical University-Iraq
ABSTRACT
This study aims to measure the compliance of listed industrial companies with all
future financial disclosure items according to the Iraqi laws and regulations and its
impact in maximizing the value of companies. This study employs content analysis to
measure the financial disclosure level of the Iraqi stock exchange (ISX) listed industrial
companies. The study sample included 10 ISX-listed industrial firms for the fiscal years
between 2013 and 2017. It was found that disclosure significantly affects (0.000)
company value with a moderate correlation (0.781). The average level of disclosure for
the 10 industrial companies is 0.5314. The major conclusion reached by this study is
that any increase in the disclosure that leads to increased company value and expanded
information disclosure can strengthen capital market and facilitate investors in making
the most apt decisions. In addition, the research contribution in solving the problem of
the impact of financial disclosure on the value of the company in order to obtain a
higher market value, that lead to contributes to attracting external parties through the
application of financial indicators used in this study. This study recommends that to
increase in the level of financial disclosure items in annual reports of all sectors in ISX.
Keywords: Financial Disclosure, Financial Reporting, Company Value, Financial
Information and Iraqi Industrial Companies.