Tone disclosure and financial performance: evidence from Egypt

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dc.AffiliationOctober University for modern sciences and Arts (MSA)
dc.contributor.authorAly D.
dc.contributor.authorEl-Halaby S.
dc.contributor.authorHussainey K.
dc.contributor.otherDepartment of Accounting
dc.contributor.otherUniversity of Gloucestershire
dc.contributor.otherCheltenham
dc.contributor.otherUnited Kingdom; MSA University
dc.contributor.otherCairo
dc.contributor.otherEgypt; Arab Open University
dc.contributor.otherKuwait City
dc.contributor.otherKuwait; Portsmouth Business School
dc.contributor.otherUniversity of Portsmouth
dc.contributor.otherPortsmouth
dc.contributor.otherUnited Kingdom
dc.date.accessioned2020-01-09T20:41:09Z
dc.date.available2020-01-09T20:41:09Z
dc.date.issued2018
dc.descriptionScopus
dc.description.abstractPurpose: 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.en_US
dc.description.urihttps://www.scimagojr.com/journalsearch.php?q=19600162139&tip=sid&clean=0
dc.identifier.doihttps://doi.org/10.1108/ARJ-09-2016-0123
dc.identifier.doiPubMed ID :
dc.identifier.issn10309616
dc.identifier.otherhttps://doi.org/10.1108/ARJ-09-2016-0123
dc.identifier.otherPubMed ID :
dc.identifier.urihttps://t.ly/r8jE0
dc.language.isoEnglishen_US
dc.publisherEmerald Group Publishing Ltd.en_US
dc.relation.ispartofseriesAccounting Research Journal
dc.relation.ispartofseries31
dc.subjectContent analysisen_US
dc.subjectFirm performanceen_US
dc.subjectTone disclosureen_US
dc.titleTone disclosure and financial performance: evidence from Egypten_US
dc.typeArticleen_US
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