The Impact of Accounting Disclosure in the Financial Statements on Investment Efficiency, An Analytical Study of Commercial Banks Listed in the Iraq Stock Exchange

Abstract

This study aimed to identify the relationship between the accounting disclosure of the financial statements and its impact on investment efficiency and rationalization of the investment decision of investors with commercial banks listed in the Iraqi Stock Exchange. In the first stage, the researcher used the deductive approach, which is based mainly on information obtained from books, periodicals, publications and previous studies that dealt with accounting disclosure and financial reports for joint stock companies, the study sample. The study population consisted of (50) questionnaires, of which (40) were recovered, i.e. with a recovery rate of (80%). The study community consists of commercial bank departments, financial managers, investors in the Iraqi Stock Exchange and auditors outside those banks listed in the Iraqi market, and the data was analyzed to test the hypothesis The study using the statistical program (SPSS) and the results of the study showed that there is a statistically significant relationship between the accounting disclosure in the financial statements issued by those banks and the investment efficiency, and that there is a strong impact of the content of the disclosure of financial forecasts on the investment decision of the investor. Thestudy recommended a set of recommendations the most important of which is working on increasing the quality of accounting disclosure in the financial statements and raising investor awareness Reign of the importance of financial forecasts disclosed by commercial banks and how to use them in rationalizing their investment decisions through holding seminars and issuing awareness bulletins.