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Title:
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ASSESSING THE RELATIONSHIP BETWEEN
INFORMATION TRANSPARENCY THROUGH SOCIAL
MEDIA DISCLOSURE AND FIRM VALUE |
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Author(s):
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Abdalmuttaleb M. A. Musleh Al-Sartawi |
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ISBN:
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978-989-8533-90-6 |
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Editors:
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Piet Kommers and Guo Chao Peng |
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Year:
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2019 |
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Edition:
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Single |
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Keywords:
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Social Media Disclosure, Social Media Usage, Tobins Q, GCC Countries |
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Type:
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Full Paper |
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First Page:
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325 |
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Last Page:
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332 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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The aim of this paper is to investigate the relationship between social media financial disclosure and firm value of the
GCC listed firms. To answer to 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 scours 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 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 social media disclosure literatures and
value relevance literatures in the GCC countries. |
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