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

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