Explore the vast range of titles available.

PurposeThe study explores the relationship between information overloading and the complexity of reporting. In particular, it investigates whether voluntary information in a firm annual report is associated with its readability. Likewise, it examines how a firm's profitability and earnings management practices impact the nexus of voluntary disclosure and readability.Design/methodology/approachIt uses the annual reports of the Egyptian nonfinancial firms listed in the EGX 100 index from 2010 to 2018. The readability of the annual report is measured automatically using the LIX index, and a predeveloped voluntary disclosure index is used to measure the level of voluntary disclosure in the annual reports.FindingsThe results reveal that the readability of annual reports is a negative function of voluntary disclosure, suggesting that Egyptian firms with more voluntary disclosure are likely to have more complex (i.e. less readable) annual reports. Likewise, less profitable firms and firms with earning management practices increase voluntary information in their annual reports, resulting in an adverse impact on their reporting readability.Research limitations/implicationsIt focuses only on the annual reports of Egyptian firms and considers a firm’s overall voluntary information rather than a particular area of voluntary disclosure. It introduces a code to measure the readability of Arabic-written texts, which can be applied to different areas of disclosure.Practical implicationsPolicymakers in Egypt are encouraged to develop enforceable regulations to control voluntary disclosure in annual reports. Egyptian investors should view the practice of higher voluntary disclosure skeptically as its aim may be to divert attention from a firm's poor performance and earnings management practice.Originality/valueThe study is the first evidence from Egypt on the effect of information overloading, proxied by voluntary disclosure, on the readability of reporting. Likewise, it contributes to methodological development in measuring the readability of Arabic-written annual reports.

This study examines the impact of climate change disclosure on firm value and stock price crash risk using panel data from 30 companies listed on the Egyptian Exchange (EGX) from 2020 to 2023 (120 firm-year observations). The research employs panel regression models to analyze the relationship between climate disclosure (measured using TCFD-based criteria) and financial outcomes, controlling for firm size, leverage, liquidity, and ROA. Results indicate that climate disclosure significantly enhances firm value and reduces stock price crash risk, aligning with signaling theory and information asymmetry reduction. The findings highlight the financial benefits of transparency in climate-related risks and opportunities, particularly in emerging markets like Egypt. The results suggest that mandatory disclosure frameworks (e.g., IFRS S2 and TCFD) can improve market efficiency and investor confidence.

Purpose - This study aims to investigate the impact of corporate social responsibility performance on the relationship between cash holdings and enterprise risk. Using 30 Egyptian companies listed on the S&P/ EGX ESG Index through the period from 2008 to 2018, an empirical study is conducted to reach decisive evidence regarding the nature and direction of the research variables. Design/methodology/ approach - An applied study is carried out by the researcher to test the validity of the research hypotheses. To examine the relationship between enterprise risk and value of cash holdings, two different channels are employed: systematic risk and idiosyncratic risk. CSR performance (measured by S&P/ EGX ESG Index listed on the Egyptian Stock Exchange) is introduced to the equation to assess its impact on the previous relationship for the time spanning 2008-2018. Data analyses are prepared using E-Views 12. Findings - Findings based on multiple regression analysis indicate that there is a significant negative relationship between enterprise risk and corporate cash holdings. The researcher also finds strong evidence that systematic risk channel is useful in linking corporate social responsibility performance (CSRP) and corporate cash holding. Originality/ value - Our findings are robust to a variety of econometric approaches and alternative specifications of cash holdings, corporate social responsibility, and enterprise risk. Thus, they provide strong support for the importance of corporate social responsibility in determining corporate cash holdings.

Purpose - This study investigates the relationship between corporate social responsibility practice and enterprise risk. The aim is to find the nature and direction of the relationship between corporate social performance and enterprise risk - decomposed into systematic risk and idiosyncratic risk. Design/methodology/ approach - CSR performance is measured using S & P/ ESG EGX 30 index listed on the Egyptian Stock Exchange for the time spanning 2008-2018. As proxies of enterprise risk two different channels are employed: systematic risk and idiosyncratic risk. An empirical study is applied using Multiple regression analysis on the sample of the study using E-Views 12. Findings - Based on the empirical study implemented in this research, it turned out that there is a significant relationship between corporate social performance and enterprise risk, this is evident through the systematic risk factor, while no clear evidence is detected of the existence of a relationship between corporate social performance and idiosyncratic risk. Originality/ value - The findings of this research are robust to a variety of econometric approaches and alternative specifications of corporate social responsibility, and enterprise risk models.

This study aims to investigate the impact of managerial and institutional ownership on the profitability performance of Egyptian listed firms. The research uses data from a sample of 59 companies listed on the Egyptian Stock Exchange, specifically (EGX 100) from 12 main sectors (real estate, food and beverages, construction materials, travel, textile and durables, energy and support services, health care, media, shipping and transportation services, industrial goods and services, and automobiles) for 5 years period from 2017 to 2021. The study uses a panel regression model to test the research hypotheses. The findings revealed that institutional ownership has an insignificant impact on return on equity (ROE). While Managerial ownership has a significant positive impact on return on equity (ROE) Moreover, the main findings of the study showed that a high level of managerial ownership may inspire managers to work in the best interests of shareholders as well as serve as a positive monitoring replacement to eliminate agency conflicts.

The research discusses the potential impact of smart contracts on financial reporting quality, with a focus on cultural and legal factors. It reviews the literature on smart contracts and their impact on financial reporting quality, highlighting the benefits and challenges of using this technology. The study aims to investigate the impact of cultural differences on the adoption of smart contracts and their effect on financial reporting quality in the Egyptian Stock Market. The results of the study suggest that smart contracts can enhance financial reporting quality, but cultural and legal factors need to be considered when implementing this technology. The study found a strong positive relationship between smart contract implementation and financial reporting quality, as well as a negative impact of cultural dimensions, particularly uncertainty avoidance, on financial reporting quality. Legal liabilities were found to have a strong positive relationship with financial reporting quality. The study concludes that further investigation is needed to better understand the impact of cultural differences on the use and adoption of smart contracts in different countries and industries.

This study investigates the role of cultural aspects in the dual relationship between the cost of capital (COC) and firm's performance. The researcher formulated five main hypotheses and tested them using a sample of 483 observations from 69 companies listed in EGX 100 from year 2014 to 2020. The results indicate that cultural aspects play a significant role in the relationship between COC and firm performance. The study also found a significant positive relationship between the P/E ratio and firm performance, and a significant negative relationship between the WACC and firm's performance. Overall, this research provides insights into how cultural differences and communication styles can impact financial decision-making and ultimately firm outcomes.

The study aims to investigate the impact of dividend policy including dividend pay-out and dividend yield on stock price volatility (SPV) for Egyptian listed firms. The study used data from companies listed on the Egyptian Stock Exchange, specifically the EGX 100. The researcher used a sample of 64 companies, for seven-year period from 2017 to 2023. The study utilized a quantitative approach, drawing on secondary data and employing feasible generalized least square model to test the hypotheses using the Stata 17- software. The results of the study revealed that both Dividend payout and Dividend yield have a significant impact on Stock price volatility.

This paper investigates the relationship between board of directors' diversity and Environmental, Social, and Governance (ESG) firm performance within the context of Egypt. With an increasing emphasis on corporate responsibility and sustainable practices, understanding how board diversity influences ESG performance is key for firms seeking to enhance their long-term sustainability and value creation. Utilizing a comprehensive dataset compiled from Egyptian firms, this research employs multiple regression analysis to explore the impact of board diversity, including gender, educational background, and cultural diversity, on ESG performance metrics. This study aims to provide a nuanced understanding of the dynamics between board diversity and ESG outcomes in the Egyptian corporate landscape. Firstly, the outcomes of this research on the firm performance is that (1) the researcher will accept the first hypothesis which means that there is significant impact from board of directors' characteristics diversity on firms' performance (ROA), (2) the researcher will accept the second hypothesis which means that there is significant impact from board of directors' characteristics diversity on firms' performance (ROE), lastly (3) the researcher will reject the third hypothesis which means that there is no significant impact from board of directors' characteristics diversity on firms' performance (EPS). Secondly, the outcomes of this research on the firm performance moderated by ESG firms' performance is that (1) the researcher will accept the fourth hypothesis which means that there is significant impact from board of directors' characteristics diversity on firms' performance (ROA) moderated by ESG firms' performance, (2) the researcher will accept the fifth hypothesis which means that there is significant impact from board of directors' characteristics diversity on firms' performance (ROE) moderated by ESG firms' performance, finally (3) the researcher will reject the sixth hypothesis which means that there is no significant impact from board of directors' characteristics diversity on firms' performance (EPS) moderated by ESG firms' performance.

The study aims to investigate the impact of board Characteristics on firm's performance for Egyptian listed firms. The study used data from companies listed on the Egyptian Stock Exchange, specifically the EGX 100. The researcher used a sample of 59 companies, representing 12 major sectors over a continuous five-year period from 2017 to 2021. The study used a pooled panel linear regression model to test the research hypotheses. The results of the study revealed that both board Size and CEO Duality have a significant impact on Egyptian firm's performance.