تأُثير الابعاد الثقافية في جودة التقارير المتكاملة وانعكاسها على قيمة الوحدة الاقتصادية

The Impact of Cultural Dimensions on the Quality of Integrated Reports and their Reflection on the Value of economic Entity

Abstract:
The research aims to shed light on the role of the cultural dimensions of (Hofstede) in the decisions of the board of directors and to identify disclosure mechanisms to achieve the quality of integrated reports, as a result of the change in the business environment and its economic complexities; Which created a kind of shortcoming in financial reports to meet the renewed needs of information from stakeholders, and as a result the inability to keep pace with developments in the business environment; This led to the emergence of integrated reporting as a result of the need for integrated information, and since the economic unit is part of a social environment; It affects and is affected by the values of that society or what is known as cultural dimensions, which can be of a sensitive nature, in integrated reporting practices and as a result its reflection on the value of the economic unit, assuming that cultural dimensions have a significant impact relationship with achieving the quality of integrated reporting, and that the quality of integrated reports is reflected on the value of the economic unit.
The private data consisting of two main parts, the first for the research sample companies amounting to (20) companies, was collected by analyzing the data contained in their annual reports published within the Iraqi Stock Exchange, and the second part was designed to find out the opinions of the beneficiaries mentioned in the conceptual framework of the integrated reports ( IIRC-2013) and subjected to statistical analysis within the program (SPSS-25).
The most important findings of the research state that cultural dimensions have a role in enhancing the quality of integrated reports, resulting from the social responsibility of managing economic units, including organizational culture and administrative practices. In light of the different cultural dimensions between the different business environments, whether national or international, and the necessity of interaction with the environment and the societies in which the economic unit operates; For the purpose of enabling it to provide environmental, social or ethical information, along with financial, strategic and governance information in an annual report, as well as obligating Iraqi economic units to disclose the effects of the social and environmental environment in their reports for their importance in generating future value, the research recommends the adoption of integrated reports in the economic and listed units In the Iraqi Stock Exchange, setting specific dates for their publication, including the application of the governance system and its mandatory for economic units and the formation of compliance and internal audit committees, to enhance transparency and reliability in the data disclosed within the reports of economic units, and the issuance of national guidelines for implementing the concept of integrated reporting in accordance with the conceptual framework of integrated reports (IR), to enhance the reporting process in economic units and to address the self-interpretation of departments.