Value Relevance of Sustainability Reporting under an Accounting Information System: Evidence from the Tourism Industry
الباحث الأول:
Maithm Khaghaany
الباحثين الآخرين:
Akeel Almagtome
Sarah Kbelah
المجلة:
African Journal of Hospitality, Tourism and Leisure, Volume 8, Special Edition
تاريخ النشر:
None
مختصر البحث:
The work aimed to explore the value relevance of sustainability reporting practices within the annual reports of the Iraqi tourism companies using a sample of Iraqi tourism companies listed in Iraq Stock Exchange. The research investigates whether s…
The work aimed to explore the value relevance of sustainability reporting practices within the annual reports of the Iraqi tourism companies using a sample of Iraqi tourism companies listed in Iraq Stock Exchange. The research investigates whether sustainability information disclosed by the tourism companies add to the value of annual reports data. This research utilized a quantitative method using a sample of Iraqi tourism companies consist of 52 year-firm observations for the period between 2013-2018. To determine the value relevance of sustainability reporting, two market indicators were used are share price and traded shares. The findings indicate that the sustainability reporting is value relevant for the change in share price of the sample tourism companies, and there a significant positive correlation between sustainability reporting and share price. However, when we examined the value relevance with the traded shares, the results show insignificant correlation between sustainability reporting and traded shares. Thus, the results imply that the sustainability reporting is sensitive only to the share price and it is not reflected the size of the traded share of the companies.
