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

Hassan, Omaima A.G.; Giorgioni, Gianluigi; Romilly, Peter

Authors

Gianluigi Giorgioni

Peter Romilly



Abstract

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.

Citation

HASSAN, O.A.G., GIORGIONI, G. and ROMILLY, P. 2006. The extent of financial disclosure and its determinants in an emerging capital market: the case of Egypt. International journal of accounting, auditing and performance evaluation [online], 3(1), pages 41-67. Available from: https://doi.org/10.1504/ijaape.2006.010102

Journal Article Type Article
Acceptance Date Mar 31, 2006
Online Publication Date Jun 16, 2006
Publication Date Mar 31, 2006
Deposit Date Dec 11, 2019
Publicly Available Date Feb 14, 2020
Journal International journal of accounting, auditing and performance evaluation
Print ISSN 1740-8008
Electronic ISSN 1740-8016
Publisher Inderscience
Peer Reviewed Peer Reviewed
Volume 3
Issue 1
Pages 41-67
DOI https://doi.org/10.1504/ijaape.2006.010102
Keywords Financial disclosure; Mandatory disclosure; Voluntary disclosure; Emerging markets; Egypt
Public URL https://rgu-repository.worktribe.com/output/810749

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