Compliance with investment account holders’ transparency and disclosure requirement: evidence from the Middle East and North Africa region

IF 2.8 3区 经济学 Q2 BUSINESS, FINANCE
Rahma Tahri, M. Boujelbene, K. Hussainey, Sherif El-halaby
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引用次数: 0

Abstract

Purpose The purpose of this paper is to construct an investment account holders' transparency and disclosure (IAH-T&D) index based on the new and revised accounting standard for investment accounts of the Accounting and Auditing Organization for Islamic Financial Institutions Standards (AAOIFI) (2020). It also aims to measure and compare the compliance level with IAH-T&D over years and between countries. Design/methodology/approach This study uses the content analysis method to analyze the content of 270 annual reports across 30 Islamic banks (IBs) in 10 Middle East and North Africa countries during the period from 2010 to 2019. Findings This study introduces a new IAH-T&D index which consists of 27 items representing four categories: investment accounts disclosure (11 items), incentive earnings disclosure (1 item), allocations and reserve disclosure (4 items) and general requirements for disclosure (11 items). The analysis shows that the level of IAH-T&D is 51%. The level of compliance varies over the years and across countries. Originality/value To the best of the authors’ knowledge, this is the first study that offers an original self-constructed-T&D index that could enhance future research related to determinants and consequences of IAH-T&D practice in IBs.
符合投资账户持有人的透明度和披露要求:来自中东和北非地区的证据
目的本文旨在根据伊斯兰金融机构会计和审计组织标准(AAOIFI)(2020)新修订的投资账户会计准则,构建投资账户持有人透明度和披露(IAH-T&D)指数。它还旨在衡量和比较多年来以及各国与IAH-T&D的合规水平。设计/方法/方法本研究采用内容分析法对2010年至2019年期间10个中东和北非国家的30家伊斯兰银行的270份年度报告的内容进行了分析,激励收益披露(1项)、分配和准备金披露(4项)以及披露的一般要求(11项)。分析表明,IAH-T&D水平为51%。不同年份和不同国家的合规程度各不相同。独创性/价值据作者所知,这是第一项提供独创的自我结构化T&D指数的研究,该指数可以加强未来与IB IAH-T&D实践的决定因素和后果相关的研究。
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来源期刊
CiteScore
5.40
自引率
10.00%
发文量
45
期刊介绍: The International Journal of Islamic and Middle Eastern Finance and Management (IMEFM) publishes quality and in-depth analysis on current issues within Islamic and Middle Eastern finance and management. The journal welcomes strong evidence-based empirical studies and results-focused case studies that share research in product development and clarify best practices. The title is also keen to consider work from emerging authors. IMEFM has just also accepted into Clarivate''s SSCI in 2018, and its IF will be available in summer 2019, with citations dating from 2016. The coverage includes but is not limited to: -Islamic finance: Fundamentals, trends and opportunities in Islamic Finance, Islamic banking and financial markets, Risk management, Corporate finance, Investment strategy, Islamic social finance, Financial planning, Housing finance, Legal and regulatory issues, -Islamic management: Corporate governance, Customer relationship management and service quality, Business ethics and corporate social responsibility, Management styles and strategies in Shariah environments, Labour and welfare economics, Political economy. The journal is the only title aiming to give an interdisciplinary and holistic view on Islamic finance and business management practices in order to inform these two intertwined communities.
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