THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL REPORTING TIMELINESS FOR COMPANIES LISTED ON EGYPTIAN STOCK EXCHANGE “AN EMPIRICAL STUDY”
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Authors:
• PhD Younes H. AKLE, Afiliation: Associate Professor of Accounting Faculty of Commerce and Business Administration, The University of Helwan, Ain Helwan, CairoPages:
• 85|94 -
Keywords: Corporate Governance, financial reporting, accounting standards
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Abstract:
This study empirically investigates the relationship between the timeliness of corporate financial reporting and Corporate Governance for companies listed on Egyptian stock exchange during the period from 1998 to 2007. It investigates the role of corporate governance level on the timeliness of corporate financial reporting; it also investigates the relationship between industry type, company size, gearing, leverage, earnings quality, earnings management, electronic disclosure, audit opinion and the timeliness of corporate financial reporting. The results show that Egyptian publicly listed firms have taken less timeliness to publish their annual financial reporting since application corporate governance principals, the average of days lag between the end of the financial year and the publication of annual reporting has decreased from 134 days in 1998 to 72 days in 2007.
