Browsing by Author "Hussainey K."

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The non-economic consequences of disclosure in Islamic banks
(Emerald Group Publishing Ltd., 2018) El-Halaby S.; Hussainey K.; Abou-El-Sood H.; MSA University; Cairo; Egypt; Portsmouth Business School; Faculty of Business and Law; University of Portsmouth; Portsmouth; United Kingdom; Cairo University; Giza; Egypt
Purpose: The purpose of this paper is to examine the effect of sharia, social and financial disclosure on stakeholders� loyalty towards Islamic banks (IBs). The paper also aims to examine the extent to which trust and satisfaction mediate this effect. Design/methodology/approach: It uses data collected from 600 respondents to survey questionnaires disseminated to stakeholders from 15 countries dealing with IBs. Structural equation modelling is adopted with a partial least square approach. Findings: The results indicate that there is a significant impact of disclosure on stakeholders� trust, satisfaction, and loyalty. The results also indicate that there is a partial mediating effect of trust and satisfaction in the relationship between disclosure and loyalty. This paper is one of the first studies examining the effect of disclosure on stakeholders� loyalty. The authors provide novel findings, which have theoretical and practical implications for disclosure in IBs and their relationship with stakeholders. Originality/value: The analysis offers a novel contribution to the Islamic banking literature by offering the first evidence on the impact of disclosure on stakeholders trust, satisfaction, and loyalty. 2018, Emerald Publishing Limited.
Tone disclosure and financial performance: evidence from Egypt
(Emerald Group Publishing Ltd., 2018) Aly D.; El-Halaby S.; Hussainey K.; Department of Accounting; University of Gloucestershire; Cheltenham; United Kingdom; MSA University; Cairo; Egypt; Arab Open University; Kuwait City; Kuwait; Portsmouth Business School; University of Portsmouth; Portsmouth; United Kingdom
Purpose: This paper aims to examine the extent to which financial performance (FP) represents one of the main determinants for tone disclosure (TD) in Egyptian annual reports. The authors also measure the bidirectional relationship between TD and FP. Design/methodology/approach: The manual content analysis is used to measure the levels of TD in annual reports for a sample of 105 firms listed on the Egyptian stock market. The sample covers a three-year period (2011-2013). Findings: The descriptive analysis in this paper shows that Egyptian firms disclose more good news than bad news. Therefore, the net news disclosure, or net variances, between good/bad is positive. The empirical analysis shows a positive association between the narrative disclosure of good/bad news and FP based on return on assets. The authors also find a highly significant association between the auditor, profitability, leverage, firm growth and financial reporting of good/bad news information. Finally, the results of the ordinary least squares regression show that the causality between the two endogenous variables runs from FP to TD. Thus, TD is determined by FP. Originality/value: This study offers a novel contribution to disclosure studies by being the first study to examine TD in one of the developing countries. 2018, Emerald Publishing Limited.