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The Association between the Level of Risk Disclosure and Corporation Characteristics in the Annual Reports of Egyptian Companies
Current Issue
Volume 2, 2014
Issue 1 (February)
Pages: 9-16   |   Vol. 2, No. 1, February 2014   |   Follow on         
Paper in PDF Downloads: 182   Since Aug. 28, 2015 Views: 2167   Since Aug. 28, 2015
Authors
[1]
Bassam Baroma , Department of Accounting, Faculty of commerce, Tanta University, Tanta, Egypt.
Abstract
The main objective of this study is to test and examine the relationship between specific firm characteristics in Egypt and the level of risk disclosure in the annual reports of Egyptian firms listed on the Egyptian Stock Exchange. This study uses a list of risk keywords to determine the differences in the level of risk disclosure between firms in different sectors. The sample includes 49 non-financial firms listed on the Egyptian Stock Exchange for the years 2008, 2009 and 2010. Statistical analysis is implemented using a multiple linear regression analysis. The results show that firm size is significantly positive (in all the three years) with the level of risk disclosure. Industry type variable (which divided to: industries, cement, construction, petrochemicals and services), is found being insignificantly associated with the level of risk information disclosed in the annual reports for all the three years. However, leverage is found being insignificantly associated with the level of risk information disclosed in the annual reports for all the three years.
Keywords
Risk Disclosure, Firm Characteristics, Annual Reports, Egyptian Stock Exchange
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