A doctoral thesis at the College of Administration and Economics at the University of Karbala discussed the integration between the application of international financial reporting standards and financial standards for sustainability accounting and their impact on the value of the company, “Applied research in commercial and investment banks listed in the Iraq Stock Exchange.”
The study presented by the student Haider Jamil Ahmed Al-Jubouri came with the aim of measuring the impact on the value of the company in light of the integration of the application between the international financial reporting standards IFRS and the financial standards for sustainability accounting SASB, as well as measuring the financial performance indicators of the research sample banks through the impact and correlation model.
The thesis approved the impact of applying international financial reporting standards (IFRS) through financial performance indicators, return on assets – (return on equity – financial leverage – company size (total assets) – earnings per share) before and after the application year (2016) until 2021. The percentage of disclosure of sustainability accounting information for commercial and investment banks in relation to the variable of financial sustainability accounting standards according to the standards of commercial banks FN-CB (14 indicators) and the standard of investment banks FN-IB (18 indicators), while the dependent variable (the value of the company) was measured using a measurement model ( Tobin’s Q) for the research sample companies.
The research concluded that there is an impact and correlation between the integration of international financial reporting standards and accounting standards for financial sustainability and the value of the company, and this correlation varies between direct and inverse, strong and medium.
The study recommended the management of the bank that has sustainable practices and its value or its share price is low, to review its reporting policies and work to issue a report on sustainability at least or move towards integrated reports while enhancing its practices more and reporting them better if it wants to maximize the value of the bank.
