Zeitschrift der Academy of Entrepreneurship

1528-2686

Abstrakt

Disclosure of Confidential Financial Information Committed By Management and Its Impact on Stock Returns

Doaa Noman Mohammed Al Husseini, Laila Adbulkarem Mohammed ALhashmi

 Research focused on the divulgation principle, on the transparency of information and on an equal basis between all market dealers, be they shareholders, investors or the public, and its aim was to explain the signal and its meaning, and its features, the confidential or banned information contained in the Iraqi banking environment. This may result in a lack of faith between investors, shareholders and the public between investors, equities and the public. The most significant research leads to recommendations including the drafting of frequent reports on the degree of adherence with internal policy and methodologies for confidentiality and the promotion of employee culture and awareness. The aim of this study is to show that the trade volume and ISX return are dynamic (Iraq Stock Exchange). The daily performance of the ISX and the daily trading volume details was analyzed for this reason between 22.03.1993 and 22.03.2019. The research has developed a long-term relationship between volume and return, and a single-way causality has been achieved between volume and return. In the analysis used to more detail the relationship between the sequence, impulses and techniques for variance decomposition were studied and the shift in index price was concluded to be efficient for the transaction volume.

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