This study examines the impact of corporate governance structures on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the Amman Stock Exchange (ASE) as a leading Arab stock exchange. Using a disclosure index derived from mandatory IFRSs disclosure requirements for the fiscal year 2007, this study measures the levels of compliance by a sample of 75 non-financial companies listed on the ASE. This study extends the financial reporting literature and the emerging markets disclosure literature by being one of the first to investigate the influence of corporate governance requirements for best practices on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the ASE. Results provide evidence of the lack of influence of corporate governance best practices on the levels of compliance with mandatory IFRSs disclosure requirements as it is not yet part of the cultural values within the Jordanian context. These findings are consistent with the notions of the theoretical foundation employed in this study.

This study aims to investigate the influence of the introduction of a corporate governance code in 2005 on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the Egyptian Exchange (EGX) as a leading stock exchange in the Middle East. Using a disclosure index derived from mandatory IFRSs disclosure requirements for the fiscal year 2007, this study measures the levels of compliance by a sample of 75 non-financial companies listed on the focus stock exchange. This study extends the financial reporting literature and the emerging markets disclosure literature by being the first to investigate the influence of corporate governance requirements for best practices on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the EGX. Results provide evidence of the lack of influence of corporate governance best practices on the levels of compliance with mandatory IFRSs disclosure requirements as it is not yet part of the cultural values within the Egyptian context. These findings are consistent with the notions of the proposed theoretical foundation.

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This study aims to respond to the recent call for more research, investigating the applicability of management accounting practices (MAPs), in small and medium sized enterprises (SMEs), particularly those operating in developing economies. Accordingly, stemming from escalating importance of SMEs in the development of the Egyptian economy, this study employs a questionnaire, to collect information about the extent of usage of five MAPs (namely, cost accounting systems, budgeting systems, financial and non-financial performance evaluation tools, decision support systems, and strategic management accounting systems), by SMEs that are listed on the Nile Exchange (NILEX), and those operating in Gamasa Industrial Zone, at Dakahlia Governorate. Additionally, the study questionnaire investigates the main determinants of usage of MAPs by SMEs operating in Egypt. The study results suggest that MAPs are employed by Egyptian SMEs at varying degrees. The reliance on advanced MAPs is not as common as traditional ones. However, employing advanced MAPs by some SMEs is a good sign that there is an awareness among accountants and owners in such SMEs about the types and uses of different MAPs. On the other hand, results generated through regression analysis, indicate that the extent of usage of MAPs is significantly and positively influenced by owner/manager belief in the importance of MAPs, listing status, company size, SME industry, and employment of technology within the firm. These results lend support to the contingency theory. Accordingly, the study made a number of recommendations including increasing awareness about the advantages of using MAPs among owners of SMEs and the need to provide training to inform them about management accounting different practices and uses of each, as well as the necessity of reviewing and developing management accounting modules that are taught by Accounting professors at Egyptian universities. On the other hand, the findings of this study could be considered as a starting point for further future research, targeting a greater number of Egyptian SMEs, as well as other MENA developing economies.

This chapter provides insights on some issues associated with the development of sustainability reporting in Egypt as a transitional economy that recently developed the S&P/EGX ESG index. In a dynamic world, and faced with a scientific proof that relates dangerous climatic changes to corporate activity, corporate financial reporting needs to be placed in perspective. Hence, as a social science, accounting should play a vital role in integrating corporate financial and non-financial measures. Semi-structured interviews were employed to investigate the extent to which sustainability reporting is appreciated in the Egyptian market by both business enterprises and the investors. Results indicate that sustainability information is of limited interest to markets except when it is identified as relevant in terms of risk or governance. On the investors' side, returns were seen as the main driver of portfolio selection. However, sustainability issues would be seriously considered when comparing among alternatives with similar returns.