The joint effect of the inflation rate and floatation of exchange rate on the accounting reporting complexity of non-financial firms listed on the Egyptian Stock Exchange | ||
| المجلة العلمية للدراسات والبحوث المالية والإدارية | ||
| Article 12, Volume 16, Issue 3, September 2024, Pages 264-288 PDF (1.17 M) | ||
| Document Type: المقالة الأصلية | ||
| DOI: 10.21608/masf.2024.374395 | ||
| Authors | ||
| Hoda M. A Khalil1; Abd Elwahab N Ali* 2 | ||
| 1Teaching assistant, Department of Accounting and Auditing, Faculty of Commerce, Alexandria University | ||
| 2Professor, Department of Accounting and Auditing, Faculty of Commerce, Alexandria University | ||
| Abstract | ||
| Financial reports are considered a tool to deliver accounting information to different parties, and to fulfill this information quality, financial reports should reflect the changes in the business environment, especially the macroeconomics one. So the objective of this research is to study and test the joint effect of the inflation rate and floatation of the exchange rate on the accounting reporting complexity of non-financial firms listed on the Egyptian Stock Exchange (EGX). Based on a sample of 600 firm-year observations during the period from 2016 to 2021. The researchers found empirical evidence that the joint effect of the inflation rate and floatation of the exchange rate has a negative but insignificant effect on the accounting reporting complexity. Concerning the control variables, we found that both (firm size and firm age) have a significant effect on the accounting reporting complexity, in addition to the insignificant effect of financial leverage on the accounting reporting complexity. In accordance with the empirical evidence of other analyses, the inflation rate has a significant effect on the accounting reporting complexity compared with the flotation of the exchange rate. Also, we found evidence that the degree of the accounting reporting complexity differs by the difference of the industry sector. | ||
| Keywords | ||
| The inflation rate; The flotation of the exchange rate; Accounting reporting complexity | ||
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