The Implications of Ownership Structure and Audit Quality on Financial Reporting Quality: Evidence from Egypt
Journal Title: MSA-Management Sciences Journal (MSA-MSJ) - Year 2024, Vol 3, Issue 2
Abstract
The financial reporting reliability and accuracy are very crucial to evaluating the management's stewardship and making wise financial decisions, high audit quality supports the financial reporting quality (FRQ) and is an indicator for its accuracy. The ownership structure plays an important role in firm performance, offers regulators insights into how to enhance corporate governance, and helps firms become more efficient. This study explains how the audit quality and ownership structure can enhance FRQ and depict the business's financial position. The research sample is 40 non-financial firms listed in the Egyptian stock market (EGX) from 2018 to the year 2022. Results find an insignificant relationship between audit quality and FRQ. Results find that blockholder ownership has a significant positive impact, managerial ownership has an insignificant impact, and institutional ownership has a significant negative impact on financial statement quality. The model finds that board size has a positive significant relationship and firm size has a negative significant relationship with FRQ. This study contributes to the corporate governance and financial reporting literature and enlightens policymakers on the current situation regarding audit quality and current business pressures for profit maximization.
Authors and Affiliations
Zakia Abdelmoneim
Keywords
Related Articles
- EP ID EP731432
- DOI 10.21608/MSAMSJ.2024.266273.1055
- Views 51
- Downloads 0
CAUSAL LINKS BETWEEN ICT, HDI, AND ECONOMIC GROWTH: EVIDENCE FROM MENA
This paper examines the causal links between ICT, HDI, and economic growth in the MENA region's high-income, middle-income, and low-income countries from 2002 to 2019. These panel data will be studied by using several te...
DRIVING MARKET FORCES FOR COVID-19 VACCINES INDUSTRY: THE CASE OF THE COMIRNATY VACCINE
In order to identify the fundamental economic reasons for market behaviour, this study offers a market analysis that serves as a diagnostic process.Comirnaty, a COVID-19 vaccine developed by BioNTech and Pfizer, ha...
THE IMPACT OF NETFLIX’S CONTROVERSIAL AND ILLICIT CONTENT ON CHANGING USERS ’ ATTITUDES IN EGYPT
the paper aims to study the relationship between the impact of Netflix’s controversial and illicit content on changing users ’attitudes in Egypt. The researchers used the non-probability sampling technique. Based on surv...
The Role Of Work-Life Balance In Enhancing Career Development: An Empirical Study On Private Universities In Egypt
This research aims to explore the relationship between work-life balance (WLB), career development (CD), organizational support, and gender within private universities in Egypt. While previous studies have mainly focused...
Nexus Among Augmented Reality, Customer Purchase Intention, Customer Experience And Customer Brand Relationship: Application on Vichy Brand
The paper aims to investigate the relationship between augmented reality, customer purchase intention, customer brand relationship and customer experience using survey data from 320 respondents. The researchers provided...