Assessing the relationship between information transparency through social media disclosure and firm value / Abdalmuttaleb M.A Musleh Al-Sartawi

M.A Musleh Al-Sartawi, Abdalmuttaleb (2019) Assessing the relationship between information transparency through social media disclosure and firm value / Abdalmuttaleb M.A Musleh Al-Sartawi. Management & Accounting Review (MAR), 18 (2): 1. pp. 1-20. ISSN 2550-1895

Official URL: https://mar.uitm.edu.my/

Abstract

The aim of this paper is to show the relationship between social media financial disclosure and firm value of the GCC listed firms. To answer the research questions, the researchers collected cross-sectional data from a sample of 241 firms listed in the financial stock markets of the GCC for the year 2017. An Index was used to calculate the total level of social media financial disclosure where the SMFD for each firm was calculated by dividing the total earned scores of the firm by the total maximum possible scores appropriate for the firm. The findings show that the 84% of firms in the GCC countries use social media, while 70% of these firms use the SM for financial disclosure. The results also confirm the hypothesis that enhanced disclosure levels through various social media channels of GCC listed firms significantly influence the firm value of these firms. These results have implications for both the social media disclosure literature and value relevance literature in the GCC countries.

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Item Type: Article
Creators:
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M.A Musleh Al-Sartawi, Abdalmuttaleb
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Management & Accounting Review (MAR)
UiTM Journal Collections: UiTM Journal > Management & Accounting Review (MAR)
ISSN: 2550-1895
Volume: 18
Number: 2
Page Range: pp. 1-20
Keywords: Social Media Disclosure; Social Media Usage; Tobin’s Q; GCC Countries
Date: August 2019
URI: https://ir.uitm.edu.my/id/eprint/30958
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30958

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