أثر الآليات الداخلية لحوكمة الشركات على العلاقة بين الإفصاح عن المخاطر غير المالية و تكلفة رأس المال : دراسة تطبيقية

Abstract EN

This research investigates the relationship between the level of disclosure of non-financial risk and the cost of capital, in addition to the impact of the internal mechanisms of corporate governance (Board of Directors, Audit committee, risk management committee), on the relationship.

In order to achieve the objective of the research, An empirical study was conducted on a sample non-financial companies from the EGX100, during the period from 2017- 2019.

The study found a low level of disclosure of non-financial risk in the financial reports of EGX100 companies, It also concluded that there is a direct and significant effect of the level of disclosure of non-financial risk on the cost of capital, an inverse effect of statistical significance for each of the independence of the Board of Directors, the size of the Audit committee, the number of audit committee meetings, and the risk management committee, on the relationship between The level of non-financial risk disclosure and the cost of capital.

While there is no significant effect of the size of the board, and the independence of the CEO, on the relationship.