تأثير تطبيق النظام المحاسبي لمالي على كفاءة بورصة الجزائر (2010-2024)

Abstract

This study seeks to examine the impact of implementing the financial accounting system, inspired by international financial reporting standards (IAS/IFRS), on the efficiency of the Algiers Stock Exchange over the period 2010–2024. It is assumed that providing high-quality financial information, i.e. characterized by its qualitative attributes, influence market efficiency, which is typically reflected in the following key indicators: market breadth, trading value, and market capitalization. The findings reveal that the adoption of the financial accounting system did not translate into a positive or significant improvement in the efficiency of the Algiers stock exchange. No positive increase or progress was observed in the number of firms listed in the financial market, the trading value, or the market capitalization