Political Uncertainty and Risk Reporting: Evidence from Egypt - Brossura

Marzouk, Dr Mahmoud

 
9786139936359: Political Uncertainty and Risk Reporting: Evidence from Egypt

Sinossi

Corporate risk disclosure (CRD) has recently gained considerable attention particularly after the corporate failures and accounting scandals in the US in 2000 and the global financial crisis of 2007-09. This study seeks to explore the nature of risk information provided by Egyptian listed companies within their annual reports. The study also investigates the determinants of risk disclosure through examining the relationship between the level of CRD and company-specific characteristics, namely company size, industry type, profitability, cross-listing and amount of reserves. A content analysis of the annual reports of 31 non-financial listed companies was done to answer the research questions by reading the annual reports and coding sentences that reveal risk information. The study found that companies tend to disclose more monetary, future and good information on the risks they are exposed to. The results also show a positive and significant relationship between company size and the level of CRD. On the other hand, the findings demonstrate that there is a positive but insignificant relationship between the extent of CRD and the industry type, profitability and cross-listing.

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9786139955794: Political Uncertainty and Risk Reporting: Evidence from Egypt

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ISBN 10:  6139955793 ISBN 13:  9786139955794
Casa editrice: LAP LAMBERT Academic Publishing, 2018
Brossura