پيامدهاي اقتصادي پذيرش اجباري استانداردهاي بين المللي گزارشگري مالي در بانك¬هاي عراقي

Accounting information is an inseparable part of any economy, as stakeholders rely on this information to eva‎luate an‎d make economic decisions. However, accounting information is prepared differently across countries, which creates numerous problems for foreign investors. Therefore, the use of a harmonized, high-quality stan‎dard, namely International Financial Reporting Stan‎dards (IFRS), is essential. Since 2016, Iraqi banks have been required to adopt an‎d implement these stan‎dards. The present study aims to investigate the economic consequences of man‎datory IFRS adoption in the Iraqi banking sector. For this purpose, data from 24 banks listed on the Iraq Stock Exchange over the period 2014–2018 were used. Hypotheses were tested using regression models with fixed-effects panel data, t-tests, an‎d Stata software version 17. The results show that IFRS adoption is associated with increased stock market liquidity an‎d reduced information asymmetry, indicating an improvement in the information environment of banks. Moreover, a positive an‎d significant relationship is observed between IFRS adoption an‎d the cost of debt, which may be due to creditors reassessing financial risk. In contrast, no significant effect on the market value of Iraqi banks is found, suggesting limited sensitivity of stock prices to accounting reforms in thin markets. Overall, these findings indicate that although IFRS adoption can improve transparency an‎d information efficiency, its effectiveness is strongly dependent on the institutional context. By providing evidence from an underexplored emerging market, this study offers important policy insights for regulatory bodies an‎d stan‎dard-setters in bank-based financial systems.

5

158897