COVID-19 Disclosure: A Novel Measurement and Annual Report Uncertainty

Elmarzouky, Mahmoud; Albitar, Khaldoon; Karim, Atm Enayet; Moussa, Ahmed Saber

doi:10.3390/jrfm14120616

Cited by 25 publications

(55 citation statements)

References 31 publications

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“…COV (Covid-19 disclosure) : Based on the wordlist developed by Elmarzouky et al (2021a, 2021b) (see Appendix).…”

Section: Methodsmentioning

confidence: 99%

“…COV (Covid-19 disclosure): Based on the wordlist developed by Elmarzouky et al (2021aElmarzouky et al ( , 2021b (see Appendix). OC: Measured by the largest shareholder ratio or summing the first few large shareholders (first three or five or ten, etc.)…”

Section: Research Design 31 Sample and Data Collectionmentioning

confidence: 99%

“…Covid-19 pandemic is considered the toughest challenge since the great depression, and it has had substantial economic and financial impacts all over the world (Goodell, 2020;He and Harris, 2020;Albitar et al, 2020a;Elmarzouky et al, 2021aElmarzouky et al, , 2021bAlbitar et al, 2021). Under this pandemic, many initiatives have been seen by the UK governments, professional bodies and Financial Reporting Council (FRC) to guide firms to deal with the pandemic and report more Covid-19-related information (Albitar et al, 2020a).…”

Section: Introductionmentioning

confidence: 99%

“…To measure the level of COVID-19 voluntary disclosure in annual reports, this paper follows previous literature by constructing a bag of words in the domain of narrative disclosure(Abraham and Cox, 2007: Linsley andShrives, 2006;Karim et al, 2021). This study uses the wordlist developed byElmarzouky et al (2021aElmarzouky et al ( , 2021b, constructed based on the Covid-19 Secure Guidelines published by the UK Government (GOV.UK, 2020). It uses CFIE 2019 for scoring the level of COVID-19 disclosure in annual reports.…”

mentioning

confidence: 99%

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Ownership concentration and Covid-19 disclosure: the mediating role of corporate leverage

Albitar

Elmarzouky²,

Hussainey

2022

IJAIM

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Purpose This paper aims to examine the impact of ownership concentration on Covid-19 disclosure in the narrative sections of corporate annual reports. It also explores the mediating role of corporate leverage on the ownership concentration–Covid-19 disclosure relationship. Design/methodology/approach This paper uses automated textual analysis to measure Covid-19 disclosure in annual reports. It also applies different regression models to test the research hypotheses and to address the endogeneity problem. It uses univariate and multivariate analyses through correlations and ordinary least squares. Findings The analysis shows that ownership concentration has a negative impact on Covid-19 disclosure. It also shows that corporate leverage negatively affects Covid-19 disclosure, and it has a partial mediating effect on the ownership concentration–Covid-19 disclosure relationship. Practical implications The results offer important practical implications for the government, management, shareholders and policymakers. For example, corporate managers are encouraged to consider small shareholders’ interests and provide a sufficient level of Covid-19 disclosure to avoid violating their rights. Also, the government may consider forming a mechanism for balancing the ownership structure to protect small investors and weaken large shareholders’ tunnelling behaviours. Originality/value This paper offers two important contributions to governance and disclosure literature. First, it provides new empirical evidence on the relationship between ownership concentration and Covid-19 disclosure. Second, it provides new evidence on the mediating role of the leverage ratio on the ownership concentration–Covid-19 disclosure relationship.

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“…COV (Covid-19 disclosure) : Based on the wordlist developed by Elmarzouky et al (2021a, 2021b) (see Appendix).…”

Section: Methodsmentioning

confidence: 99%

Section: Research Design 31 Sample and Data Collectionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

See 2 more Smart Citations

Ownership concentration and Covid-19 disclosure: the mediating role of corporate leverage

Albitar

Elmarzouky²,

Hussainey

2022

IJAIM

Self Cite

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“…The independent board of directors has been claimed to be an important part of CG, and the level of independence of the non-executive directors positively increases the effectiveness of the board (Allini et al, 2016;Elmarzouky et al, 2021b). The number of independent non-executive directors increases the transparency in the annual reports (Srinidhi et al, 2011).…”

Section: Board Independence and Diversity Management Disclosurementioning

confidence: 99%

Corporate governance and diversity management: evidence from a disclosure perspective

Shohaieb

Elmarzouky

Albitar

2022

IJAIM

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Purpose Using textual analysis, this paper aims to measure diversity management disclosure; it also explore the relationship between corporate governance and diversity management disclosure. Design/methodology/approach The study is based on a sample of the UK FTSE all-share non-financial organisations over the period from 2013 to 2019. We used a computer-aided textual analysis, and we used a bag of words to score the sample annual reports. Findings The results show that the mean of the diversity management disclosure level is very low. Also, there is a positive relationship between the board size, women on board and board independence and the level of diversity management disclosure. The relationship is higher with more board members, women on board and more independent directors, aligning with previous literature. Practical implications The implications of this research affect stakeholders and organisations which reflects the importance of communicating diversity practices and researchers by facilitating measuring objectively firms’ diversity management practices that have not been applied previously in the field of diversity. Originality/value With different incidents taking place around the globe, such as the incident of George Floyd and the increased attention to diversity, organisations are under increasing social and political pressure to reflect on their diversity management practices. Previous literature has examined firms’ diversity practises from different perspectives, but to the best of the authors’ knowledge, this is the first paper to measure diversity management disclosure.

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Economic policy uncertainty, renewable energy and environmental degradation: Evidence from Egypt

Selmey

Elamer

2023

Environ Sci Pollut Res

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This study contributes to the growing but still limited body of literature on the impact of economic policy uncertainty, renewable energy usage, and economic growth on environmental degradation in Egypt. Using the autoregressive distributed lag (ARDL) bound test, we examine the existence of cointegration relationships in Egypt over the period 1990–2018. Our results indicate that economic policy uncertainty is positively associated with environmental degradation in both the short and long run. Additionally, we find that economic growth exacerbates environmental degradation in both the short and long term. Finally, renewable energy consumption has a significant negative effect on environmental degradation in the long run. Therefore, ensuring economic policy stability is crucial for maintaining environmental quality. To this end, Egyptian policymakers should prioritize low-carbon research and development techniques, as well as the adoption of renewable energy sources to mitigate environmental degradation.

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COVID-19 Disclosure: A Novel Measurement and Annual Report Uncertainty

Cited by 25 publications

References 31 publications

Ownership concentration and Covid-19 disclosure: the mediating role of corporate leverage

Ownership concentration and Covid-19 disclosure: the mediating role of corporate leverage

Corporate governance and diversity management: evidence from a disclosure perspective

Economic policy uncertainty, renewable energy and environmental degradation: Evidence from Egypt

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