Measuring the level of sustainable disclosure and its reflection on corporate values in light of integrated reports

Abstract

The research aims to measure the level of sustainable disclosure and its reflection on the value of companies in light of integrated reports. In addition to the statement of the function of integrated reports and its impact on enhancing the value of companies, as well as the benefits of integrated reporting and improving the information environment. Stakeholders, especially investors, can know the extent of the company\'s wealth, performance and success rate through the level of sustainable disclosure in light of the published integrated reports and the sustainability information they contain. Therefore, the higher the level of sustainable disclosure made by the company through its integrated reports, the more investors\' interest in the value of the company is expected, and thus reflected in the increase in the value of its shares.To achieve this goal, the Iraqi banks listed in the Iraq Stock Exchange were selected as a research community, represented by a sample of five banks that were selected from among the Iraqi banks listed in the Iraq Stock Exchange (North Bank for Finance & Investment, United Investment Bank, Khaleeji Commercial Bank, National Islamic Bank, Mansour Bank for Investment) .In order to enrich the theoretical aspect of this research, the researcher relied on many Arab and foreign sources such as books, periodicals, articles and published accounting research, as well as previous studies and other documents related to the topic and its merits, as well as the use of the international information network (INTERNET). As for obtaining data on the practical side, it relied on the financial reports of the banks, the research sample published in the Iraqi Stock Exchange, as well as the Iraqi Securities Commission, for the purposes of study and analysis to reach indicators through which the theoretical framework can be linked to the practical side and to reach conclusions and recommendations related to the topic of research .The researcher reached several conclusions, the most important of which are: There is a direct relationship between the level of disclosure of sustainability axes according to ESG indicators in application of GRI standards and the value of Iraqi banks listed on the Iraqi Stock Exchange according to Tobıns Q, especially the sustainability axis related to the governance aspect. Therefore, the most important recommendations made by the research is the need to pay sufficient attention to the indicators of sustainability, especially those that suffer from weak levels of disclosure.