أثر مستوى الإفصاح الاختياري على قيمة الشركة : دراسة تطبيقية على الشركات المقيدة بالبورصة المصرية

Abstract EN

The objective of this study is to study and examine the impact of the level of voluntary disclosure on firm value.

To achieve this objective, the study relies on building a voluntary disclosure index and using the method of content analysis for 130 observations of a sample including 23 companies listed in the Egyptian Stock Exchange from 2004 to 2017 compared to the proposed voluntary disclosure index and measuring the level of actual voluntary disclosure for these companies.

The firm value for the same sample of companies is also measured by Tobins'Q measurement.

The researcher also uses Panel data regression model to test that impact.

The study concluded that there is a material impact on the level of voluntary disclosure on the firm value (measured by the Tobins''Q).