the impact of corporate governance structure on the readability of board of directors' report in Egyptian environment | ||
| مجلة البحوث المحاسبية | ||
| Article 13, Volume 6, Issue 2, December 2019, Pages 37-72 PDF (810.55 K) | ||
| DOI: 10.21608/abj.2019.126565 | ||
| Author | ||
| Amr Nazih Ezzat | ||
| Faculty of Commerce, Mansoura University | ||
| Abstract | ||
| The main purpose of this study is to investigate the impact of corporate governance structure on the readability of Egyptian board of directors’ reports. The sample includes all EGX100 companies listed from 2013 to 2015, and the study uses multiple regression analysis to test the main hypotheses. Readability level is measured by applying the LIX formula, which suits the Egyptian context. The results demonstrate that board reports for EGX100 companies are complex and hard to read. In addition, four corporate governance variables, namely separation between CEO and chairman roles, number of board of directors’ meetings, foreign board members. and number of audit committee meetings have an impact on the readability level of board reports for EGX100 companies. Further, all control variables except company performance are significantly associated with readability. Greater awareness of the complex style of disclosure reports is crucial for emerging markets to easily convey the required information and enhance communication with stakeholders. Based on the limited literature addressing readability, the current study contributes by investigating the impact of corporate governance structure on readability of corporate board of directors’ reports in an emerging market. | ||
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