Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/10434
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dc.contributor.authorSamaha, Khaleden_UK
dc.contributor.authorDahawy, Khaleden_UK
dc.contributor.authorHussainey, Khaleden_UK
dc.contributor.authorStapleton, Pamelaen_UK
dc.date.accessioned2013-01-09T14:17:05Z-
dc.date.available2013-01-09T14:17:05Z-
dc.date.issued2012-06en_UK
dc.identifier.urihttp://hdl.handle.net/1893/10434-
dc.description.abstractThis paper assesses the extent of corporate governance voluntary disclosure and the impact of a comprehensive set of corporate governance (CG) attributes (board composition, board size, CEO duality, director ownership, blockholder ownership and the existence of audit committee) on the extent of corporate governance voluntary disclosure in Egypt. The measurement of disclosure is based on published data created from a checklist developed by the United Nations, which was gathered from a manual review of financial statements and websites of a sample of Egyptian companies listed on Egyptian Stock Exchange (EGX). Although the levels of CG disclosure are found to be minimal, disclosure is high for items that are mandatory under the Egyptian Accounting Standards (EASs). The failure of companies to disclose such information clearly shows some ineffectiveness and inadequacy in the regulatory framework in Egypt. Moreover, the phenomenon of non-compliance may also be attributed to socio-economic factors in Egypt. Therefore, it is expected that Egyptian firms will take a long time to appraise the payback of increased CG disclosure. The findings indicate that that—ceteris paribus—the extent of CG disclosure is (1) lower for companies with duality in position and higher ownership concentration as measured by blockholder ownership; and (2) increases with the proportion of independent directors on the board and firm size. The results of the study support theoretical arguments that companies disclose corporate governance information in order to reduce information asymmetry and agency costs and to improve investor confidence in the reported accounting information. The empirical evidence from this study enhances the understanding of the corporate governance disclosure environment in Egypt as one of the emerging markets in the Middle East.en_UK
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.relationSamaha K, Dahawy K, Hussainey K & Stapleton P (2012) The extent of corporate governance disclosure and its determinants in a developing market: The case of Egypt. Advances in Accounting, 28 (1), pp. 168-178. https://doi.org/10.1016/j.adiac.2011.12.001en_UK
dc.rightsPublished in Advances in Accounting by Elsevier; Elsevier believes that individual authors should be able to distribute their accepted author manuscripts for their personal voluntary needs and interests, e.g. posting to their websites or their institution’s repository, e-mailing to colleagues. The Elsevier Policy is as follows: Authors retain the right to use the accepted author manuscript for personal use, internal institutional use and for permitted scholarly posting provided that these are not for purposes of commercial use or systematic distribution. An "accepted author manuscript" is the author’s version of the manuscript of an article that has been accepted for publication and which may include any author-incorporated changes suggested through the processes of submission processing, peer review, and editor-author communications.en_UK
dc.subjectCorporate governance disclosureen_UK
dc.subjectEgypten_UK
dc.subjectEgyptian Stock Exchangeen_UK
dc.subjectDeveloping countriesen_UK
dc.subjectBoard characteristicsen_UK
dc.subjectAudit committeeen_UK
dc.titleThe extent of corporate governance disclosure and its determinants in a developing market: The case of Egypten_UK
dc.typeJournal Articleen_UK
dc.identifier.doi10.1016/j.adiac.2011.12.001en_UK
dc.citation.jtitleAdvances in accountingen_UK
dc.citation.issn0882-6110en_UK
dc.citation.volume28en_UK
dc.citation.issue1en_UK
dc.citation.spage168en_UK
dc.citation.epage178en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emailkhaled.hussainey@stir.ac.uken_UK
dc.contributor.affiliationThe American University in Cairoen_UK
dc.contributor.affiliationThe American University in Cairoen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationUniversity of Manchesteren_UK
dc.identifier.scopusid2-s2.0-84861865624en_UK
dc.identifier.wtid745746en_UK
dcterms.dateAccepted2012-06-30en_UK
dc.date.filedepositdate2013-01-07en_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorSamaha, Khaled|en_UK
local.rioxx.authorDahawy, Khaled|en_UK
local.rioxx.authorHussainey, Khaled|en_UK
local.rioxx.authorStapleton, Pamela|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2013-01-07en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/all-rights-reserved|2013-01-07|en_UK
local.rioxx.filenameTHE EXTENT OF CORPORATE GOVERNANCE DISCLOSURE AND ITS DETERMINANTS IN A DEVELOPING MARKET THE CASE OF EGYPT.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source0882-6110en_UK
Appears in Collections:Accounting and Finance Journal Articles

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