The impact of environmental factors on accounting development: an Egyptian longitudinal study

Hassabelnaby, Hassan R.; Epps, Ruth W.; Said, Amal A.

doi:10.1006/cpac.2002.0530

Cited by 60 publications

(46 citation statements)

References 29 publications

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“…Transforming an economy from a centrally planned one to another that is market-based is a long term process that requires several changes in a society's philosophy as well as its economic sectors (HassabElnaby et al, 2003). During the British colonialism until 1952 Egypt witnessed a capitalist economy.…”

Section: Economy and Accountingmentioning

confidence: 99%

“…Coping with the abovementioned economic developments; moving towards a market-based economy and a liberal one; the Egyptian government issued in 1981 a Company Act Law that allowed the establishment of different kinds of private companies; joint stock companies, limited liability and limited by shares partnerships (Hassan, 2008). For the first time, the Company Law required auditing of the private sector companies' financial statements (HassabElnaby et al, 2003).…”

Section: Economy and Accountingmentioning

confidence: 99%

“…Justification beyond that is due to the fact that accounting and reporting practices are primarily affected by the economic conditions (Choi and Mueller, 1992). HassabElnaby et al (2003) argue that the implementation of the Company Law portrayed the significance of the International Accounting Standards. As a result, companies voluntarily used the International Accounting Standards until the EAS became enacted in 1997, and implemented by listed companies (Ragab and Omran, 2006).…”

Section: Economy and Accountingmentioning

confidence: 99%

“…The rapid development phase that has occurred in Egypt since 1991 and the shift towards developing a market economy requires accounting development as well. Development of accounting standards echoes that shift, helping investors in financial performance analysis as it provides relevant information based on maintained reliable financial reporting (HassabElnaby et al, 2003). Moreover, since Egypt is heavily dependent upon foreign investments after increased privatisation trends, accounting information plays a more important role in the economy.…”

Section: Economy and Accountingmentioning

confidence: 99%

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Disclosure practices in Egypt: what are factors beyond the low level?

Ismail

Shehata

2012

IJEA

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In Egypt, as one of the emerging markets, mandatory disclosure of financial information on annual reports has attracted the attention of many researchers. Results of prior studies analysing disclosure level concluded that mandatory financial disclosure in annual reports is low. The purpose of this paper is to shed the light and analyse those factors affecting disclosure level in the Egyptian environment including political and economic conditions, legal system and regulatory framework, nature of the capital market, prevailing culture, and accounting practices. Our analysis suggests that secretive culture is the major reason behind the low disclosure practices found in Egypt overcoming the efforts exerted by regulators. Additionally, the paper provides the reasons that lead to the low disclosure level as follows:1 presence of uniform, secretive, and conservative accounting practices, 2 absence of a unified law governing Egyptian companies' activities and transactions 3 lack of strict enforcements imposed by the Egyptian Capital Market Authority on non-complying companies to comply with the mandatory requirements of the Egyptian accounting standards.

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Section: Economy and Accountingmentioning

confidence: 99%

Section: Economy and Accountingmentioning

confidence: 99%

Section: Economy and Accountingmentioning

confidence: 99%

Section: Economy and Accountingmentioning

confidence: 99%

See 2 more Smart Citations

Disclosure practices in Egypt: what are factors beyond the low level?

Ismail

Shehata

2012

IJEA

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“…In the last few decades, Egypt has grown dramatically in terms of foreign investments (HassabElnaby et al, 2003). The low labour cost in Egypt has attracted foreign buyers to extend their GPNs to the Egyptian market.…”

Section: Introductionmentioning

confidence: 99%

A Qualitiative Research Approach Adopted in an Egyptian Management Control Study

Ganna

2017

NSBM J. Mgt

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This paper shows the details of how I adopted a qualitative research methodology to study the role of management control practices in global production networks (GPNs). The case study is of an Egyptian garment factory that acts as a supplier for a French retailer of sports clothes. The methodology adopted enabled me to trace the supplier-customer relationship, the customer's requirements in terms of the product specification, quality and time of delivery, and the development of the factory along the production network as well as improving the visibility of the factory's operations to achieve instant and continuous control. The paper highlights my reflections on the experience through which I realised an intellectual value of doing a case study.

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Tunisia. IFRS for SMEs and Tunisian Accounting

Damak-Ayadi

2016

IFRS in a Global World

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The impact of environmental factors on accounting development: an Egyptian longitudinal study

Cited by 60 publications

References 29 publications

Disclosure practices in Egypt: what are factors beyond the low level?

Disclosure practices in Egypt: what are factors beyond the low level?

A Qualitiative Research Approach Adopted in an Egyptian Management Control Study

Tunisia. IFRS for SMEs and Tunisian Accounting

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