企业特征与前瞻性披露:性别多样性的调节作用

IF 3.2 Q1 BUSINESS, FINANCE
S. I. Abdelazim, A. Metwally, S. A. S. Aly
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引用次数: 3

摘要

目的本研究的目的是检验企业财务和运营特征对埃及上市非金融公司前瞻性信息披露水平的影响。本研究还旨在调查性别多样性在董事会中的调节作用。设计/方法/方法样本包括埃及证券交易所(ESE)EGX 100中的非金融公司,其报告在2013年至2018年的研究期间可用。最终样本包括49家公司,共294项观察结果。使用多元回归分析进行统计分析。发现本研究发现,资产回报率、杠杆率、公司规模和年龄对FLID水平有显著的正向影响,而外部审计公司类型和行业对FLID的水平有负面影响。此外,董事会性别多样性(BGD)被发现具有调节作用,因为它加强了财务和运营特征对FLID水平的影响。实际意义本研究对埃及公司、埃及市场的投资者和新兴经济体的监管机构具有一些意义,其中包括在公司选择董事会成员时更加关注BGD,以及监管机构对所有上市公司中女性代表的跟进。原创性/价值据作者所知,这是第一项调查BGD的调节作用及其对新兴市场FLID水平影响的研究。这扩展了披露文献,因为本研究从新兴市场带来了关于BGD调节作用的新证据,因为早期研究集中在BGD对FLID水平的直接影响上。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Firm characteristics and forward-looking disclosure: the moderating role of gender diversity
PurposeThe purpose of this study is to examine the impact of firm financial and operational characteristics on the level of forward-looking information disclosure (FLID) by Egyptian-listed non-financial companies. The present research also aims to investigate the moderating role of gender diversity on the board of directors.Design/methodology/approachThe sample incorporates the non-financial companies included in the EGX 100 of the Egyptian Stock Exchange (ESE), whose reports were available during the study period from 2013 to 2018. The final sample comprises 49 companies with 294 observations. Statistical analysis is performed using multiple regression analysis.FindingsThis study found a significant positive impact of return on assets, leverage, company size and age on the level FLID, while external audit firm type and industry were found to impact the level of FLID negatively. Further, the board gender diversity (BGD) is found to have a moderating impact as it strengthens the effect of financial and operational characteristics on the level of FLID.Practical implicationsThe present study has some implications for Egyptian companies, investors in the Egyptian market and regulators in emerging economies, which include paying more attention to BGD when selecting the board members by companies as well as following up the female representation in all the listed companies by regulators.Originality/valueTo the best of the authors’ knowledge, this is the first study to investigate the moderating role of BGD and its impact on the level of FLID in emerging markets. This extends the disclosure literature as the present study brings new evidence from an emerging market regarding BGD moderating role as early research concentrated on the direct impact of BGD on the level of FLID.
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来源期刊
CiteScore
5.80
自引率
13.00%
发文量
38
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