أثر تطبيق معيار الأدوات المالية IFRS9 في الحد من عدم تماثل المعلومات : دراسة كمية على عينة من المصارف المحلية و العربية

Abstract EN

This research paper deals with the effect of implementation of the International Financial Reporting Standard-Financial Instruments-IFRS9 in reducing information asymmetry in the financial statements published for local and Arab banks, and the research aims to test the effect of applying IFRS9 on information asymmetry.

In order to achieve this goal the research hypothesis that the implementation of IFRS9 Financial Instruments affect in reducing information asymmetry.

By formulate an index to measure the level of information asymmetry in the annual reports of a sample of (120) Arab banks registered in the Arab financial markets for the period (2018 & 2019) according to the classification report by Union of Arab Banks.

It was excluded 20 banks that do not have sufficient data in their annual financial reports regarding the application of the IFRS9, The regression model was used to measure the effect of implementing IFRS9 on the level of information asymmetry.

The results of the research show a significant impact on some of the IFRS9 items while the most items have no significant effect in reducing information asymmetry that shows relatively weak impact on the application of IFRS9 in the context of information asymmetry due to the attributed in contrast of the published financial statement of Arab banks.

The research recommends directing the intention of local and Arab banks by expanding and rationalizing the implementation mechanisms of Standard 9 by making use of the experiences of advanced countries.

The research may also add to the Arab financial and banking literature in the areas of governance, transparency, risk management, hedging, and the development of modern banking technologies to enable achieve information asymmetry in the local and Arab banking environment.