Political Uncertainty and Risk Reporting: Evidence from Egypt

ISBN-13: 9786139936359 / Angielski / Miękka / 2018 / 100 str.

Mahmoud Marzouk

Opis

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.

O autorze

Marzouk, Dr Mahmoud
Dr Mahmoud is a lecturer in accounting and finance at the University of Leicester School of Business. He completed his master's and PhD degrees at the University of York in 2013 and 2017 respectively. Mahmoud has extensive research and teaching experience. His research interests lie primarily in risk reporting and narrative disclosure practices.