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Firm characteristics and forward-looking disclosure: the moderating role of gender diversity

Samir Ibrahim Abdelazim (Department of Accounting, Faculty of Commerce, Beni Suef University, Beni Suef, Egypt) (Department of Accounting, College of Business Administration, Majmaah University, Al Majma'ah, Saudi Arabia)
Abdelmoneim Bahyeldin Mohamed Metwally (Department of Accounting, Faculty of Commerce, Assiut University, Assiut, Egypt)
Saleh Aly Saleh Aly (Department of Accounting, Faculty of Commerce, Beni Suef University, Beni Suef, Egypt)

Journal of Accounting in Emerging Economies

ISSN: 2042-1168

Article publication date: 1 November 2022

Issue publication date: 23 October 2023

482

Abstract

Purpose

The purpose of this study is to examine the impact of firm financial and operational characteristics on the level of forward-looking information disclosure (FLID) by Egyptian-listed non-financial companies. The present research also aims to investigate the moderating role of gender diversity on the board of directors.

Design/methodology/approach

The sample incorporates the non-financial companies included in the EGX 100 of the Egyptian Stock Exchange (ESE), whose reports were available during the study period from 2013 to 2018. The final sample comprises 49 companies with 294 observations. Statistical analysis is performed using multiple regression analysis.

Findings

This study found a significant positive impact of return on assets, leverage, company size and age on the level FLID, while external audit firm type and industry were found to impact the level of FLID negatively. Further, the board gender diversity (BGD) is found to have a moderating impact as it strengthens the effect of financial and operational characteristics on the level of FLID.

Practical implications

The present study has some implications for Egyptian companies, investors in the Egyptian market and regulators in emerging economies, which include paying more attention to BGD when selecting the board members by companies as well as following up the female representation in all the listed companies by regulators.

Originality/value

To the best of the authors’ knowledge, this is the first study to investigate the moderating role of BGD and its impact on the level of FLID in emerging markets. This extends the disclosure literature as the present study brings new evidence from an emerging market regarding BGD moderating role as early research concentrated on the direct impact of BGD on the level of FLID.

Keywords

Citation

Abdelazim, S.I., Metwally, A.B.M. and Aly, S.A.S. (2023), "Firm characteristics and forward-looking disclosure: the moderating role of gender diversity", Journal of Accounting in Emerging Economies, Vol. 13 No. 5, pp. 947-973. https://doi.org/10.1108/JAEE-04-2022-0115

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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