تأثير الافصاح التنبؤي علي قرارات المستثمرين : دراسة تطبيقية لعينه من الشركات المدرجة في سوق العراق للأوراق المالية

Abstract EN

Often the investor needs to know the result of the activity of the joint stock company invested in or in which he intends to invest, because the profit or loss of the company affects positively or negatively on the company’s stock prices.

External accounts, from here came the idea of research that shows to the direct stakeholders’ predictive financial statements that show actual numbers for previous stages, lists of which have been prepared and lists planned by the administration for its activity for the remaining stage of the year, such as (half a year or a semester) to be submitted at the end of the financial year It is viewed by all investors, shareholders and stock speculators in the stock market.

The study aims to show that the process of predictive disclosure carried out by companies through financial reports affects the decisions of investors.

The problem of the study is, will predictive disclosure contribute to affecting the quality of financial reports? Also, will predictive disclosure provide financial information that improves the quality of financial reports, and what is the impact of this information on investors' decisions? The study was based on two basic hypotheses that "predictive disclosure positively affects the improvement of the media content of financial reports.

The financial statements that include predictive disclosure positively affect investors' decisions.

The study reached several conclusions, the most prominent of which was that the process of predictive disclosure of information contributes to influencing investors' decisions." Where this paragraph achieved an arithmetic mean of (3.91), a standard deviation of (0.733), and an answer intensity of 0.79)) and an ordinal significance of (7)).

Based on the results, the study recommends that it is necessary to rely on predictive disclosure to fill the void that occurred at the end of the financial period immediately because this time is free of any financial reports that show the company's results of profit or loss.

Keywords: Traditional disclosure, predictive disclosure, planning budgets, investment decisions.