The dynamic and increasing evolution of economic conditions emphasizes the potential deficiencies of historical information of listed companies because it cannot satisfy investors", diversified information needs along with economic development. In some cases, historical information is unable to provide stakeholders with sufficient insight regarding critical success factors, opportunities, risks and management plans more integrated perspective. A new reporting framework called integrated reporting had been raised during the last decade. The United States Securities and Exchange Commission (SEC) initiated the concept of the integrated reporting in 1970s. It calls for a single report that integrate the financial and the non-financial information. The new reporting framework tries to improve the ability of the investors for assessing the future prospects of the firm and to remedy the shortcomings of the traditional reporting model of accounting. the International Integrated Reporting Council (IIRC) is the main body behind the spread of the integrated reporting idea. The council issued a framework that included the main components of the integrated report components and requirements of implementation. The components of the integrated report included six forms of capital (natural capital, social and relationship, human, intellectual, manufactures and financial) that help in creating a future value for the firm using the business model and organization"s strategy. The purpose of this paper is to identify key challenges, opportunities, strengths and weaknesses to be experienced by companies listed in the stock exchange market (EGX30) within the integrated reporting (IR) implementation process. The research also, test the link between the level of compliance to IR and the firm performance and value. The researcher used the profitability (ROE) and leverage level (Debt Dr.Mohamed Samy El-Deeb The Impact of Integrated Reporting on Firm Value …… Key performance indicators (KPIs) and organization Strategy Key performance indicators (KPIs) provide different amounts of information when compared to the performance measure benchmarks. The information theory relying on information measures that are examined to find out if they are valuable for determining a practical subdivision of KPIs that will help in assessing the sustainable information usefulness for users with minimum information loss (Talluri and Sarkis, 2002).
Purpose -The paper aims to empirically test the impact of the corporate governance mechanisms related to the board characteristics on the forward-looking disclosures of companies listed in the Egyptian stock market.Design/methodology/approach-This study used Board size, Board independence, Board CEO duality, and gender diversity as measures for corporate governance mechanism in relation to the board characteristics. Forward looking disclosures were investigated using a checklist that included 24 items distributed over 4 categories of disclosure (1-environment around the company, 2-Goals, strategies and business policies, 3-organization, management and corporate structure and 4-Financial issues) through a content analysis where a score was calculated by adding the sum of disclosed items in the company"s annual report and then divide them by the total number of items. Two control variables were used: firm size which was measured by the natural logarithm of total assets and auditor type which is a dummy variable taking a value of 0 for non-Big 4 audit firms and 1 for Big 4). The sample included the most active 30 companies (EGX30) in the Egyptian stock exchange market covering the period from 2010 till 2017. Data were analyzed using regression analysis.The Impact of Board …….… 2 FindingsThe research findings showed a positive significant correlation between that CEO duality and the forward-looking disclosure, and a negative significant correlation between Board gender diversity and the disclosure of forward-looking information. The content analysis results for the company"s annual reports indicated that management is disclosing more qualitative forward-looking disclosures than the quantitative forward-looking disclosures. In addition, results showed that the auditor type and board company size have a positive impact on the disclosure of the forward-looking information. In contrast, the results did not show a significant correlation between board independence and the board size with the disclosure of the forward-looking information. Research QuestionsThis research aims to provide answers to the following main question: Q1. Is there a significant correlation between the board characteristics and disclosure of forward-looking information?The main question can be divided into the following sub-questions:Q1a. Is there a significant correlation between the board size and disclosure of forward-looking information?Q1b. Is there a significant correlation between board independence and disclosure of the forward looking information?Q1c. Is there a significant correlation between duality of CEO and disclosure of the forward looking information?Q1d. Is there a significant correlation between gender diversity of the board and disclosure of the forward looking information?
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