The association between impression management and financial performance in the boards of directors' annual reports for Egyptian listed companies : the moderating effect of the ceo's power
Author
Source
Issue
Vol. 23, Issue 3 (31 Oct. 2019), pp.1-48, 48 p.
Publisher
Ain Shams University Faculty of Commerce
Publication Date
2019-10-31
Country of Publication
Egypt
No. of Pages
48
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
This study extends the previous study about the disclosure narrative field through examining the bidirectional association between Disclosure Tone (DP) and Financial Performance (FP) in respect of the Egyptian EGX 100 listed companies during the period from 2013 to 2017.
Further, this study seeks to explore the expected effect of the CEO's power on the association between DT and FP in the Egyptian context.
This study ran twelve Ordinary Least Square (OLS) models to test the research hypotheses.
Further, it calculated the number of the statements, related to the disclosure tone in the board of directors' annual reports, through manual analysis of their content.
In addition, this study used Tobin's Q method to measure FP.
CEO power was captured by using an aggregated index which included six CEO power variables in the Egyptian environment.
The findings reveal that there is a bidirectional relationship between DT and FP.
Moreover, CEO power has a significant effect on the association between DT and FP.
Due to few studies having examined the bidirectional between DT and FP in the developing countries, this study contributes to the accounting field by examining such a construct in the Egyptian context.
American Psychological Association (APA)
Izat, Amr Nazih. 2019. The association between impression management and financial performance in the boards of directors' annual reports for Egyptian listed companies : the moderating effect of the ceo's power. Accounting Thought،Vol. 23, no. 3, pp.1-48.
https://search.emarefa.net/detail/BIM-1223907
Modern Language Association (MLA)
Izat, Amr Nazih. The association between impression management and financial performance in the boards of directors' annual reports for Egyptian listed companies : the moderating effect of the ceo's power. Accounting Thought Vol. 23, no. 3 (2019), pp.1-48.
https://search.emarefa.net/detail/BIM-1223907
American Medical Association (AMA)
Izat, Amr Nazih. The association between impression management and financial performance in the boards of directors' annual reports for Egyptian listed companies : the moderating effect of the ceo's power. Accounting Thought. 2019. Vol. 23, no. 3, pp.1-48.
https://search.emarefa.net/detail/BIM-1223907
Data Type
Journal Articles
Language
English
Notes
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Record ID
BIM-1223907