Effect of Strategic Transparency in the Financial Reporting Quality for a Sample of banks Listed on the Iraqi Stock Exchange

Abstract

The economic units' pursuit to keep pace with developments in the business environment drives them to search for the best and latest methods and concepts emerging in business management literature، in order to maintain their market share and work to increase this share. One of the most modern topics in business literature is the concept of strategic transparency، and what it carries of deep content in its five dimensions(containing beneficiaries، sharing information، strategic response، organizational accountability، disclosure) helps the economic unit to confront the intensity of competition in the market، which is reflected in increasing financial reporting quality، and thus increasing the market value of the economic unit. Hence، the aim of the research was to shed light on the latest developments in business management literature، and to demonstrate its importance and effect on improving the quality of financial reporting. The research reached a set of conclusions، the most important of which are the following: 1- There is a positive moral effect of strategic transparency on improving the quality of financial reporting. 2- The results of the statistical analysis showed that all the relationships between the dimensions of strategic transparency and improving the quality of financial reporting are positive statistically significant relationships. The research also reached several recommendations، the most important of which are the following: 1- The necessity for economic units to apply the concept of strategic transparency in all its dimensions due to its great importance in improving the quality of financial reporting. 2- The necessity for economic units to open training courses and hold scientific seminars and workshops to define the concept of strategic transparency to enhance this concept in the business environment.