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Volume :46 Issue : 178 2020      Add To Cart                                                                    Download

Freedom of Access to Economic Information for Kuwaiti Sovereign Wealth Funds and Enhance Disclosure Transparency of Media " A Field Study on Journalists Working in the Kuwaiti Media ''.

Auther : Dr. Anwar A. M. Al-Jazaf

Aim of the Paper: The study aimed to identify the level of access to financial information and data of the Sovereign Wealth Fund, the media from which journalists inquire about this information, and the reasons for the poor publication and disclosure regarding the information related to the Sovereign Wealth Fund, as well as the impact of free access to information in establishing the values of transparency in the data related to the Sovereign Wealth Fund. The study also aimed to identify the relation between the difficulty of the media access to data and information of the Sovereign Wealth Fund and the role of this information in establishing the values of transparency.
Study Methodology: The study used the descriptive survey method.
Study Design: The study used the descriptive survey method.
Sample and Data of the Study: The sample consisted of (150) journalists working in newspapers and journalists working in the media field in Kuwait.
Study Results: The results showed that the reasons behind the poor publication and disclosure regarding the information related to the Sovereign Wealth Fund were legal reasons (48.7%), the government strategy (23.3%). The study also showed that Kuwaiti local media were the most important source from which the sample individuals obtain their information regarding the data of the Sovereign Wealth Fund by (41.4%), while foreign media came next with (40.0%). It was also found that freedom difficulty of the media access to the data and information of the Sovereign Wealth Fund was (94.7%), and that the ability to obtain information and financial data of the Sovereign Wealth Fund in the State of Kuwait was of a small percent.
Study Conclusion: The study showed the necessity of discussing the financial statements of the financial condition of the Sovereign Fund in an open session under the dome of the National Assembly rather as the case now in a secret session. The study also recommended that the General Investment Authority should adopt a policy of disclosure and transparency.

Keywords: Sovereign Wealth Funds, Media, Transparency, Free Access to Information.

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Dec 26, 2021

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