THE IMPACT OF DISCLOSURE ON SUSTAINABLE DEVELOPMENT ON QUALITY OF FINANCIAL REPORTS A FIELD STUDY ON INDUSTRIAL COMPANIES IN THE 10TH RAMADAN CITY | ||
| Journal of Environmental Science | ||
| Article 20, Volume 48, Issue 3, December 2019, Pages 553-578 PDF (896.68 K) | ||
| Document Type: Review Article | ||
| DOI: 10.21608/jes.2019.163914 | ||
| Authors | ||
| Waad A. I. Abd el Mageed1; Nagwa A. El Sisi2; Mahmoud H. Abd el Aal2 | ||
| 1Post Grad.Institute of Environmental Studies & Research, Ain Shams University | ||
| 2Faculty of Commerce, Ain Shams University | ||
| Abstract | ||
| The objective of this study is to investigate the impact of disclosing elements of sustainable development (Environmental Performance, Social, Economic,) on the quality of financial reports of industrial companies in the 10th of Ramadan city.To achieve this goal, a descriptive approach was adopted to investigate the research problem, examine the hypothesis and reach a final conclusion. The current study also builds on previous academic research through which secondary data were used to develop its conceptual framework. Additionally, the analytical approach utilized in this study relied on a questionnaire based survey.The questionnaire included 44 questions distributed to the financial officers of 137 companies in 10th of Ramadan City with a response rate of 100%. The data was then analyzed using the SPSS statistical package. The results showed the following: the existence of a positive positive relationship between the disclosure of sustainable development dimensions (environmental - socio-economic) and the quality of financial reports in both dimensions (relevance - Reilability), that the disclosure of sustainable . Disclosure of sustainable development helps risk managemen . There is no official reference that regulates the disclosure of sustainable development and establishes laws that require companies to disclose it in the published financial statements. Industrial companies are having difficulty measuring certain cost and benefit items of sustainability accounting because they do not have their own accounting standards. The study also suggested some of the most important recommendations: Need to find a reference Official regulation governing the disclosure of sustainable development and the development of laws and legislations that oblige companies to disclose them in the published financial statements. The need to activate legislation and laws that impose sanctions on companies that refrain from disclosing sustainable development. | ||
| Keywords | ||
| Keywords: Sustainable Development; Financial Reporting Quality; Sustainability Reports | ||
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