Perceived Trust of Stakeholders: Predicting the Use of COBIT 2019 to Reduce Information Asymmetry

The objective of this study is to ascertain the impact of perceived trust and COBIT on information asymmetry. However, the problem statement of this study could be framed as how the trust of stakeholders was influenced by the adoption of COBIT 2019 to mitigate IA within the context of Iraq. Survey data were collected from stakeholders of the Commercial Bank of Iraq (CBIQ) who possessed knowledge about COBIT 2019. A total of 122 valid questionnaires were completed and utilized for data collection. To establish both reliability and validity, as well as to assess the proposed hypotheses, a combined measurement and structural analysis were conducted using the smart-PLS technique on the valid dataset. The findings reveal that the adoption of COBIT 2019 to mitigate information asymmetry (IA) exerts a positive and significant influence on perceived trust (PT). Trust did not significantly affect IA, whereas IA was negatively affected by the implementation of COBIT. In addition to providing bank stakeholders with a comprehensive understanding of the factors influencing IA, this research can aid them in making informed judgments regarding the assessment of accounting information quality.