The Impact of Accounting Disclosure through Social Media on Reducing Information Gap: A Field Study in Companies on the Iraqi Stock Exchange

Abstract

The study aimed to investigate the impact of accounting disclosure through social media on reducing the information gap between investors. The study adopted a descriptive-analytical approach, and the population of the study consisted of 47 companies listed on the Iraqi stock exchange. The study sample consisted of 161 employees working in these companies. The study found that accounting disclosure through social media is important and plays a role in reducing the information gap for users. The field study showed that there is a significant relationship between accounting disclosure through social media and the reduction of the information gap in the Iraqi stock market. The study recommended the disclosure of future expectations regarding opportunities or risks resulting from positive or negative trends in financial and market performance indicators through social media platforms. This is important in providing stakeholders with clearer and more impactful information than that provided through mandatory disclosure. The study also recommended improving the credibility of financial reports in line with market expectations, especially when negative predictions arise regarding the company's future performance.