Abstract
This study explores whether an information gap exists for six types
of corporate disclosure in Egypt, where International Accounting Standards
(IAS) apply but penalties for non-compliance are limited. It also investigates
whether low compliance with mandatory disclosure can be explained by low
levels of demand for this type of information among local financial analysts.
The results identify a significant gap between actual disclosure practices of
companies for various types of disclosure and market perceptions of this
practice. Our findings also suggest that low compliance with disclosure
requirements in Egypt is not driven by low levels of demand from local
financial analysts, because these items of information are perceived as useful
for investment decision making.
of corporate disclosure in Egypt, where International Accounting Standards
(IAS) apply but penalties for non-compliance are limited. It also investigates
whether low compliance with mandatory disclosure can be explained by low
levels of demand for this type of information among local financial analysts.
The results identify a significant gap between actual disclosure practices of
companies for various types of disclosure and market perceptions of this
practice. Our findings also suggest that low compliance with disclosure
requirements in Egypt is not driven by low levels of demand from local
financial analysts, because these items of information are perceived as useful
for investment decision making.
| Original language | English |
|---|---|
| Pages (from-to) | 338-358 |
| Number of pages | 21 |
| Journal | African Journal of Accounting, Auditing and Finance |
| Volume | 1 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2012 |
Keywords
- information gap; disclosure; financial reporting; emerging market; Egypt