Browsing by Author "Hussainey, Khaled"

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    Compliance with investment account holders’ transparency and disclosure requirement: evidence from the Middle East and North Africa region
    (Emerald Group Publishing Ltd., 2023-03) Boujelbene, Rahma Tahri and Mouna; Hussainey, Khaled; El-Halaby, Sherif
    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.
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    Corporate Cash Holdings and National Culture: Evidence from the Middle East and North Africa Region
    (MDPI, 08/10/2021) El-Halaby, Sherif; Abdelrasheed, Hosam; Hussainey, Khaled
    This paper investigates to what extent cultural dimensions, based on Hofstede’s model, can clarify differences in cash holding levels. The sample includes 395 banks across 19 countries in the Middle East and North Africa region over a period of 16 years (1999–2014). The findings indicate that when uncertainty avoidance and masculinity decrease, cash holdings increase, whereas when power distance, long-term orientation, and individualism increase, the cash holdings increase correspondingly. Based on robustness analysis, the results remain unaffected even after controlling corporate and macroeconomic characteristics related to inflation, corruption, and the exchange rate system. Further analysis shows insignificant differences between Islamic and non-Islamic banks regarding the influence of culture over cash holdings. This study contributes to the literature regarding the impact of culture on corporate cash holdings based on a unique and different context, through examining this relationship in financial institutions located in the Middle East and North Africa region.