THE ROLE OF DISCLOSURE OF FUTURE FINANCIAL INFORMATION IN MAXIMIZING THE VALUE OF COMPANY IN IRAQI INDUSTRIAL COMPANIES

This study aims to measure the compliance of listed industrial companies with all future financial disclosure items according to the Iraqi laws and regulations and its impact in maximizing the value of companies. This study employs content analysis to measure the financial disclosure level of the Iraqi stock exchange (ISX) listed industrial companies. The study sample included 10 ISX-listed industrial firms for the fiscal years between 2013 and 2017. It was found that disclosure significantly affects (0.000) company value with a moderate correlation (0.781). The average level of disclosure for the 10 industrial companies is 0.5314. The major conclusion reached by this study is that any increase in the disclosure that leads to increased company value and expanded information disclosure can strengthen capital market and facilitate investors in making the most apt decisions. In addition, the research contribution in solving the problem of the impact of financial disclosure on the value of the company in order to obtain a higher market value, that lead to contributes to attracting external parties through the application of financial indicators used in this study. This study recommends that to increase in the level of financial disclosure items in annual reports of all sectors in ISX