The role of technology in disclosing future information: an applied study in a sample of banks listed on the Iraqi Stock Exchange

Abstract

This study aims to demonstrate how technology contributes to the disclosure of future information to Iraqi banks based on data for the years (2020-2022). This is due to the ability of these technologies to process and analyze data quickly and accurately. They also have the ability to classify financial data and search for unusual patterns other than traditional methods. The traditional method, which does not include automatic attempts to process data to reach the best results. With regard to the practical aspect, the researchers used the applied analytical approach based on some financial indicators, to answer the proposed research question. Technology depends on the accuracy of information that can help investors make economic decisions. The researchers Applying one of the components of artificial intelligence technology (neural networks) in measuring future information, as it contributed to the process of measuring and disclosing future information together. It measured the financial indicators by giving them the least mean square error and a percentage of closeness to the actual value. Low and high correlation coefficient. It contributed to the disclosure process by presenting the indicators. Finance in a predictive manner. The most important findings of the research are:

1. The application of artificial intelligence technology (neural network) contributes to making the profits announced by management realistic and honestly expressing the real profits of the banks in the research sample.


2. The results predicted by technology (neural network) are results that are accurate, objective, unshaded, and close to the actual values of the variables in the research sample.

Based on the previous results, the researchers recommend:

1.The banks in the research sample should adopt neural network technology as an approved approach and method when carrying out the forecasting process

2.Bank management should include future information in their financial reports within the management analysis section, as this enhances users’ confidence regarding their economic decisions towards these banks...