The Impact of CEO Attributes on Financial Reporting Quality in Egypt: The Moderating Role of Board Ownership | ||
| مجلة البحوث المحاسبية | ||
| Article 15, Volume 10, Issue 4, December 2023, Pages 39-73 PDF (811.94 K) | ||
| DOI: 10.21608/abj.2023.321323 | ||
| Author | ||
| Hossam Hassan Mahmoud Sharawi | ||
| Higher Institute of Computer- King Marriott | ||
| Abstract | ||
| This study investigates how CEO attributes, such as gender, duality, expertise, and age, affect the quality of financial reporting (FRQ) in the Egyptian context. The study uses a sample of 84 nonfinancial Egyptian firms from 2014 to 2022 and employs multiple regression analysis to test the hypotheses. The study finds that female CEOs, CEOs with accounting or finance expertise, and older CEOs enhance FRQ, while CEOs who hold both the CEO and board chair positions impair FRQ. The study also examines the moderating role of board ownership on the relationship between CEO attributes and FRQ. The results show that high board ownership mitigates the negative effect of CEO duality on FRQ but does not influence the positive effects of other CEO attributes. In addition, the study controls for firm size and auditor type and finds that they significantly impact FRQ. Larger firms tend to have higher FRQs than smaller firms, and firms audited by Big Four audit firms tend to have higher FRQs than firms audited by non-Big Four audit firms. The study contributes to the literature on FRQ by shedding light on the role of CEO attributes in an emerging market with distinctive institutional characteristics. The study also provides insights for regulators, investors, and other users of financial information who are interested in the quality of financial reporting. | ||
| Keywords | ||
| CEO attributes; financial reporting quality; gender; duality; expertise; age; board ownership; Egypt | ||
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