The Impact of Financial Reporting Opacity on Firm Value: An Empirical Study of Listed Banks in the Iraq Stock Exchange
DOI:
https://doi.org/10.61704/pr.462Keywords:
Financial Reporting Opacity, Firm Value, Iraq Stock ExchangeAbstract
The aim of this study is to examine the impact of financial reporting opacity on firm value in a sample of Iraqi banks. The research analyzed the annual financial reports of a sample of ten banks for the period 2023–2014. Financial reporting opacity was measured following the approach of Dechow et al. (1995), while firm value was assessed using Tobin’s Q. The findings indicate a significant effect of financial reporting opacity on the value of the banks in the sample. The study recommends that regulatory and supervisory authorities in Iraq, as well as other relevant institutions, conduct training programs, workshops, and seminars to define and enhance disclosure requirements, thereby reducing financial reporting opacity and improving the transparency of reports for the benefit of all stakeholders.
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Copyright (c) 2026 Mustafa M. Hussein, Muthana R. Jasim
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