The role of electronic accounting disclosure in changing stock prices in light of the Covid-19 pandemic and its impact on the value of Iraqi economic unit

Abstract

This study aims to demonstrate the role of electronic accounting disclosure in neutralizing the impact of economic and political crises on the Iraqi financial markets in light of the COVID-19 pandemic and its impact on changing the stock prices of private Iraqi banks. To achieve the goal of the study, the researcher adopted the descriptive analytical approach in analyzing financial and statistical data through the use of a questionnaire form that is consistent with the target research community for Iraqi companies listed on the Iraq Stock Exchange, which number (25) banks, according to the Central Bank of Iraq in 2022, and that completed their final accounts in light of the pandemic. Among the results of the study is that the COVID-19 pandemic crisis had a major impact on the collapse of the stock prices of Iraqi banks listed on the Iraqi Stock Exchange, reducing returns and decreasing the market value of assets in banks, which made this the main reason for banks facing difficulty in fulfilling their obligations as a result of the fluctuation of asset prices and their fair value.