تأثير التكامل بين اَليات الحوكمة الداخلية وجودة التقارير المالية في الاداء المالي لشركات الاعمال المسجلة في سوق العراق للاوراق المالية للفترة من 2001 ولغاية 2010

Abstract

 The aim of this study is to examine the impact of the integration between internal governance mechanisms and financial reporting quality on the financial performance of the publicly firms listed in the Iraqi stock exchange between 2001 and 2010. The Ordinary Least Squares - OLS was adopted to test the study model, which includes three independent variables comprising; internal governance mechanisms, which is a unified measure developed depending on Six characteristics of board director, financial reporting quality measured by timely loss recognition, and the interaction term between the internal governance mechanisms and the financial reporting quality. While the dependent variable, financial performance, measured using Return on Assets. The results indicate that there is a positive and significant effect on the integration between the performance of the Board of Directors and the quality of the financial reports in improving the financial performance of the sample firms. The contribution of the study is reflected in the increasing awareness of the Iraqi legislator of the importance of achieving this complementarity between Board performance and financial reporting quality, as complementary pillars complementing each other in enhancing the monitoring role of investors on the manager's performance on the one hand, and the firm's performance on the other. Depending on the previous results the study recommended the need of increasing the quality of financial reporting by obligating Iraqi capital market Authority for all listed firm to adopt IFRS in addition to issuing corporate governance guideline as a listing requirement like other developed capital markets. &nbsp