The relationship of the efficiency of the stock market with accounting information in the light of corporate governance

Abstract

Abstract: Information is the mainstay of financial market efficiency through themarketcredibility. This credibility is achieved through the disclosure of all information related to the corporations on the securities traded in a timely manner.This is in order to identify the returns and risks and try to avoid the latter.Therefore, accounting information plays a significant role in raising the financial market efficiency, and the commitment to the principles of corporate governance contributes to the financial marketefficiency.

The objective of corporate governance is to restore confidence in accounting information. Moreover, this information has a direct or indirect impact on the efficiency of the stock market.