The Impact of Corporate Governance on the Timeliness of Corporate Internet Reporting by Egyptian Listed Companies

Ezat, A. and El-Masry, A.A. (2008), The impact of corporate governance on the timeliness of corporate internet reporting by Egyptian listed companies, Managerial Finance, Vol. 34 No. 12, pp. 848-867

Posted: 16 Nov 2018

See all articles by Amr Ezat

Amr Ezat

University of Plymouth - Plymouth Business School

Ahmed A El-Masry

Coventry University Centre for Financial and Corporate Integrity ; Mansoura University, EGYPT

Date Written: December 1, 2008

Abstract

Purpose – This study seeks to examine the key factors that affect the timeliness of corporate internet reporting (CIR) by the Egyptian listed corporations on the Cairo and Alexandria Stock Exchange.

Design/methodology/approach – The authors use firm characteristics and corporate governance variables to investigate the influence on the timeliness of CIR. They also develop a disclosure index to measure the timeliness of CIR for the listed Egyptian corporations.

Findings – The primary analysis finds a significant relationship between the timeliness of CIR and firm size, type of industry, liquidity, ownership structure, board composition and board size. The results indicate that firms typically in the service sector, that are large and have a high rate of liquidity, a high proportion of independent directors, a large number of board directors and a high free float disclose more timely information on their web sites. Furthermore, a significant association between the entire independent variables and some items of timeliness of CIR is found.

Originality/value – This study is one of the first empirical studies to investigate the relationship between the corporate governance and the timeliness of CIR in an emerging market

Keywords: Corporate Governance, Egypt, Financial Reporting, Stock Exchanges, Online Operations

JEL Classification: D21, D22, G34, O16

Suggested Citation

Ezat, Amr and El-Masry, Dr. Ahmed A, The Impact of Corporate Governance on the Timeliness of Corporate Internet Reporting by Egyptian Listed Companies (December 1, 2008). Ezat, A. and El-Masry, A.A. (2008), The impact of corporate governance on the timeliness of corporate internet reporting by Egyptian listed companies, Managerial Finance, Vol. 34 No. 12, pp. 848-867, Available at SSRN: https://ssrn.com/abstract=3257116

Amr Ezat

University of Plymouth - Plymouth Business School ( email )

Mast House
Plymouth, Devon PL4 8AA
United Kingdom

Dr. Ahmed A El-Masry (Contact Author)

Coventry University Centre for Financial and Corporate Integrity ( email )

William Morris Building
Gosford Street
Coventry, CV1 5FB
United Kingdom

Mansoura University, EGYPT ( email )

Mansoura University
Faculty of Commerce
Mansoura, Egypt
Egypt

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