Ellabbar, K and Havard, T (2005) The accounting disclosure in developing countries: A comparative study of Libyan & Egyptian construction companies. In: Khosrowshahi, F (ed.) Proceedings of 21st Annual ARCOM Conference, 7-9 September 2005, London, UK.
Abstract
Information is the lifeblood of capital markets, and the efficiency of any market depends on the availability of accounting information to all investors at low costs. These disclosures have a great impact on the behaviour of investors with respect to the buying and selling of stocks in the financial markets. This research sets out to examine the level of disclosure in two developing countries, Libya and Egypt, both of which form part of the Arab world. These countries have many similarities but one important difference in that a stock market exists in Egypt. The difference in disclosure requirement was analysed using information disclosed in the annual reports of sample companies from two countries. It reveals that the level of disclosure of Libyan companies is at a low level compared to Egyptian companies. The establishing of domestic standards or complying with the international accounting standards will help Libyan companies to make the disclosures more effectively.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | accounting information; construction companies; disclosure index; Egypt and Libya |
| Index terms: | comparative study, Libya, Egypt, markets, accounting, low level, developing country, efficiency, investor, construction company, annual report, low cost |
| Subjects: | measurement and scaling, sociology, performance management, Geography, development economics, bidding, economic analysis, business, organization, research design and methodology |
| Topics: | International Construction, Quality Management, Stakeholder Management, Governance, Procurement, Business Strategy, Geographical Context, Research Practice |
| Descriptive scope: | 3 PCA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here