The impact of corporate governance on narrative disclosure and its reflection on firm value: An empirical study on a sample of Iraqi banks

Abstract

The research aims to examine corporate governance and it is impact on narrative disclosure and its reflection on firm value in the banking sector. The study reviewed the concept of corporate governance, its importance, mechanisms, as well as the concept of narrative disclosure, its significance, elements, and determinants. It also addressed the concept of firm value and its determinants, along with the relationship between its variables. The research utilized data from five banks over several years from 2012 to 2021 as an empirical sample. Content analysis was employed as the method of data analysis, while a descriptive-analytical approach was used in preparing the research. Two statistical programs, namely SPSS Ver. 22 and AMOS Ver. 20, were utilized. A variety of statistical methods were employed to describe the variables, while hypotheses were tested using regression equations based on least squares and structural equations. The research findings indicate a significant and meaningful corporate governance and it is impact on narrative disclosure, as well as the significant impact of corporate governance on the value of the bank. There is an important impact of narrative disclosure on the value of the bank. Corporate governance has a different effect on the value of the bank, especially when narrative disclosure is made for the sample of banks included in the study.