Corporate Disclosure of Sustainability Reports and Its Impact on Financial Performance: An Analytical Study in Light of International Standards

The research aims at examining the significance of corporate disclosure of sustainability reports and its impact on financial performance in private Iraqi companies in the light of the international standards. The descriptive analytical approach was used to complete the study, and a questionnaire was used as the study tool. The questionnaire was distributed to a study sample of 409 individuals working in private Iraqi companies. The data was then analysed the SPSS 25 statistical software. The researcher gained the following results: There is an impact of disclosing the sustainability reports by the Iraqi corporations on the corporate financial performance in the light of the international standards. There were no significant differences between the average of responses regarding the impact of disclosing the sustainability reports by Iraqi corporations on the corporate financial performance in the light of the international standards, depending on the experience variable of the research sample. The researcher proposed a set of recommendations, the most important of which are: ensuring the accuracy of disclosure and organizing it according to realistic and factual principles, choosing the appropriate timing for disclosure, and making disclosure understandable to all stakeholders.