The extent of financial disclosure and its determinants in an emerging capital market: the case of Egypt

By Omaima A. G. Hassan, G. Giorgioni, P. Romilly. 2006

131 citations recorded by the source corpus.

This paper uses panel data analysis to investigate the extent and determinants of disclosure levels of non-financial companies quoted on the Egyptian Stock Exchange. It distinguishes between private sector companies and public business sector companies in terms of company characteristics and disclosure practice. Results show gradual increases in disclosure levels, with a high compliance for mandatory disclosure, although the voluntary disclosure level was rather limited. Public business sector companies appear generally to disclose less information than private sector companies. Furthermore, more profitable companies disclose more information than less profitable ones. Results for firm size, gearing and stock activity are mixed.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/da52249f8cb251a50bb0f20d42353480cc64f251

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Citations in the corpus

Board composition and corporate social responsibility in an emerging market (2016, background): “Furthermore, larger companies may employ more knowledgeable and experienced NEDs, as they have the resources to do so (Hassan et al., 2006).”
Determinants of corporate internet reporting: evidence from Egypt (2010, unknown): “These include Hassan et al. (2006); AbdelFattah et al. (2008) and Iskander et al. (2008).”
Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country (2018, unknown): “This finding is supported by the evidence of Hassan et al. (2006) suggesting that FS has a negative influence on MD but a positive impact on VD. On the other hand, this contradicts with the findings of Meek et al. (1995) and Ntim et al. (2012a). For firm age (FA), the coefficient estimate is found t”
Transition to IFRS and compliance with mandatory disclosure requirements: What is the signal? (2011, background): “These studies are classified according to the chronological order of the financial year examined (i.e. not year of publication).”
Factors affecting corporate social responsibility disclosure in Egypt (2011, background): “…context, prior research on the association between leverage and corporate voluntary disclosure finds no association between general voluntary disclosure and leverage (see for example, Aly et al., 2010; Ezat and El-Masry, 2008; Hassan et al., 2006; Samaha and Dahawy, 2010; Samaha et al., 2011).”
Determinants of compliance with AAOIFI standards by Islamic banks (2016, background): “Auditors play an important role in the credibility of firms’ financial information (Healy and Palepu, 2001). Chalmers and Godfrey (2004) stated that to maintain their reputation and avoid reputation costs, high-profile auditing companies are more likely to demand high levels of disclosure.”
Determinants of narrative risk disclosures in UK interim reports (2012, background): “Prior disclosure studies found a positive relationship exists between a ﬁrm size and its level of disclosures (Hossain et al. , 1995; Mangena and Pike, 2005; Hassan et al. , 2006).”