تأثير الإفصاح عن رأس المال الفكري في تعظيم قيمة الأسهم وانعكاسه على ثقة المتعاملين في السوق المالي

The impact of intellectual capital disclosure on maximizing the value of shares and its reflection on the confidence of dealers in the financial market

ِAbstract

Although disclosure in general and disclosure of intellectual capital in particular is the main pillar and mirror of financial and accounting activities and the level of their achievement and the extent of their exploitation of their available resources, local institutions suffer from lack of clarity, whether with regard to the disclosure of their intellectual capital, which is difficult to disclose About him, especially when thinking about reaching the confidence of dealers in the financial market, and in a precise manner, the research problem is represented by several questions, including: Is it possible to accurately measure the disclosure of intellectual capital? Is there a statistically significant relationship between the disclosure of intellectual capital and the value of the stock? What is the effect of measuring intellectual capital disclosure on the confidence of dealers in the financial markets?
In order to test the hypotheses of the study, the study population was selected from the two industrial sectors, represented by the Iraqi Company for Carpets and Furniture, the Modern Sewing Company, and the Baghdad Company for Soft Drinks, and the banking sector, represented by the Spectrum Islamic Bank, the Commercial Bank of Iraq and the Bank of Baghdad. Deductive in enriching the theoretical side of the study through books, research, letters, university theses, articles and periodicals, both Arab and foreign, and relied on the inductive approach in proving the hypotheses of the study through the questionnaire distributed to workers in some economic units in the sample of the study.
The researcher reached many conclusions, the most important of which is that the disclosure of intellectual capital in the financial statements of economic units has a clear impact on maximizing the value of the shares of these units, in addition to its reflection in enhancing the confidence of dealers in the financial market, in addition to that, the researcher also concluded weak disclosure About the intellectual capital in the financial statements of the Iraqi economic units, due to the lack of awareness and awareness among the administrative leaders of the importance of this disclosure on the value of shares in addition to enhancing the confidence of dealers in the financial market.