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The objective of the research was to investigate and evaluate the impact of organizational culture on voluntary disclosure in firms that are listed on the Iraq Stock Exchange. This was done by analyzing the organizational culture model developed by Cameron and Quinn in 1999, which has four dimensions: Clan, Adhocracy, Market, and Hierarchy. The study utilized content analysis of annual financial reports to assess the disclosure index of a sample of 92 firms across different economic sectors listed on the Iraqi Stock Exchange for the fiscal year 2021. The study employed statistical techniques such as Pearson correlation coefficient, simple linear regression, and multiple regression analysis to investigate the association and influence of the research variables. The findings indicated a noteworthy inverse relationship between the Clan, Market, and Hierarchy dimensions and voluntary disclosure. However, no significant link was seen between the Adhocracy component and voluntary disclosure. Furthermore, the dimensions of Clan, Market, and Hierarchy had a notable impact on voluntary disclosure, however the Adhocracy dimension did not have a significant influence on voluntary disclosure. Moreover, the organizational culture dimensions had a notable impact on the control variables (debt ratio, industry type, firm size) in relation to voluntary disclosure.
Mohammed et al. (Mon,) studied this question.