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Prof. Khaled Hussainey
University of Portsmouth

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0 Auditing
0 Finance
0 Governance
0 Financial Management

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Short Biography

Khaled Hussainey is a Professor of Accounting at The University of Portsmouth. He has a growing research reputation in accounting, auditing, and financial management. He is a co-editor-in-chief of JFRA, a senior editor (finance and accounting) of IJEM, and an associate editor of IJAAPE and JAAR.

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Journal article
Published: 18 August 2021 in Corporate Ownership and Control
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The study investigates whether corporate board characteristics influence dividends policy in Omani listed firms. It also examines whether this relationship is determined by the recent global oil crisis. Using a sample of 109 listed firms in Muscat Securities Exchange between 2009 and 2019, we find that dividends payout is positively associated with board independence, board activity, and board nationality diversity. Though, no evidence is found that board size and gender diversity have an impact on dividends payout. Interestingly, when controlling for the global oil crisis, none of the corporate board attributes influence dividends payout. This study presents new evidence on the influence of board structure on dividends policy. The findings suggest that the impact of corporate board characteristics on dividends policy is contingent on the surrounding institutional environment (i.e., the recent global oil crisis).

ACS Style

Badar Alshabibi; Shanmuga Pria; Khaled Hussainey. Does board structure drive dividends payout? Evidence from the Sultanate of Oman. Corporate Ownership and Control 2021, 18, 218 -230.

AMA Style

Badar Alshabibi, Shanmuga Pria, Khaled Hussainey. Does board structure drive dividends payout? Evidence from the Sultanate of Oman. Corporate Ownership and Control. 2021; 18 (4):218-230.

Chicago/Turabian Style

Badar Alshabibi; Shanmuga Pria; Khaled Hussainey. 2021. "Does board structure drive dividends payout? Evidence from the Sultanate of Oman." Corporate Ownership and Control 18, no. 4: 218-230.

Journal article
Published: 15 July 2021 in Journal of Sustainable Finance & Investment
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This study explores Islamic banks’ role in Social Responsibility (SR) in developing countries by focusing on the Faisal Islamic Bank of Egypt (FIBE) as a case study. The paper provides a brief overview of the concept, dimensions, and areas of SR, nature of Islamic banks, the concept of Corporate Social Responsibility (CSR) in Islamic banks, also outlines how the Islamic banks support the social enterprises with some examples of such enterprises that supported by FIBE. The analysis shows that Islamic banks in general and FIBE, in particular, play an effective role in SR and enhance the development of social enterprises. The study concluded that FIBE has allocated huge funds for SR through participating in several social initiatives and activities, besides Qard-Hasan for needy citizens and its Zakat Fund.

ACS Style

Elhassan Kotb Abdelrahman Radwan; Nada Omar; Khaled Hussainey. Social responsibility of Islamic banks in developing countries: empirical evidence from Egypt. Journal of Sustainable Finance & Investment 2021, 1 -20.

AMA Style

Elhassan Kotb Abdelrahman Radwan, Nada Omar, Khaled Hussainey. Social responsibility of Islamic banks in developing countries: empirical evidence from Egypt. Journal of Sustainable Finance & Investment. 2021; ():1-20.

Chicago/Turabian Style

Elhassan Kotb Abdelrahman Radwan; Nada Omar; Khaled Hussainey. 2021. "Social responsibility of Islamic banks in developing countries: empirical evidence from Egypt." Journal of Sustainable Finance & Investment , no. : 1-20.

Journal article
Published: 15 July 2021 in Journal of Risk and Financial Management
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In this paper, we extend corporate disclosure and corporate cash holdings literature by testing whether corporate voluntary risk disclosure affects corporate cash holdings for a sample of Tunisian non-financial listed companies. As a measure of risk disclosure, we use manual content analysis to count the number of risk-related sentences in the narrative sections of corporate annual reports. As a measure of corporate cash holdings, we use the ratio of cash and cash equivalent over the total assets. Using a sample of 140 firm-year observations for the period of 2008–2013, we find that corporate risk disclosure has a negative impact on corporate cash holdings. Our results are consistent with agency, legitimacy and impression management theories. Our paper adds to the existing literature by being the first empirical evidence for the impact of risk disclosure on cash holdings. Our findings offer policy implications relevant for the current debate on the reliability of narrative risk disclosure and whether managers inform or obfuscate stakeholders by disclosing more risk-related information in their annual report narratives.

ACS Style

Issal Haj-Salem; Khaled Hussainey. Risk Disclosure and Corporate Cash Holdings. Journal of Risk and Financial Management 2021, 14, 328 .

AMA Style

Issal Haj-Salem, Khaled Hussainey. Risk Disclosure and Corporate Cash Holdings. Journal of Risk and Financial Management. 2021; 14 (7):328.

Chicago/Turabian Style

Issal Haj-Salem; Khaled Hussainey. 2021. "Risk Disclosure and Corporate Cash Holdings." Journal of Risk and Financial Management 14, no. 7: 328.

Journal article
Published: 28 May 2021 in Journal of Risk and Financial Management
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Although there has been considerable research on the impact of corporate governance on corporate voluntary disclosure, empirical evidence on how governance affects compliance with mandatory disclosure requirements is limited. We contribute to governance and disclosure literature by examining the impact of corporate governance on compliance with IFRS 7 for the banking sector in Gulf Cooperation Council (GCC). We use a self-constructed disclosure index to measure compliance with IFRS 7. We use regression analyses to examine the impact of board characteristics, audit committee characteristics and ownership structure on compliance with IFRS 7. Using a sample of 335 bank-year observations for GCC listed banks over the period 2011–2017, we report evidence that corporate governance variables affect compliance with IFRS 7. However, the significance of these variables depends on the type of the regression model used. Our findings suggest that governance matters for mandatory disclosure requirements. So to improve the level of compliance, regulators, official authorities, and policymakers should intensify their efforts toward improving corporate governance codes, following up their implementation and enhancing the enforcement mechanisms.

ACS Style

Amal Yamani; Khaled Hussainey; Khaldoon Albitar. Does Governance Affect Compliance with IFRS 7? Journal of Risk and Financial Management 2021, 14, 239 .

AMA Style

Amal Yamani, Khaled Hussainey, Khaldoon Albitar. Does Governance Affect Compliance with IFRS 7? Journal of Risk and Financial Management. 2021; 14 (6):239.

Chicago/Turabian Style

Amal Yamani; Khaled Hussainey; Khaldoon Albitar. 2021. "Does Governance Affect Compliance with IFRS 7?" Journal of Risk and Financial Management 14, no. 6: 239.

Journal article
Published: 28 May 2021 in Corporate Ownership and Control
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Audit committee (AC) financial experts is considered one of the important corporate governance mechanisms due to their vital role in overseeing companies’ financial reporting procedures and enhancing corporate financial decisions. Regulators and policymakers require Omani firms to have at least one director with financial expertise sitting on ACs. Therefore, we aim to investigate the effect of AC financial expertise on corporate financial decisions (capital structure, dividend payment and cash holdings). We use a data set of all Omani financial institutions (36 firms) listed on the Muscat Stock Exchange (MSX) over the period from 2014 to 2019, consisting of 216 firm-year observations. The paper contributes to the growing body of the literature by being the first study to examine the impact of AC financial expertise on financial decisions. The study also contributes to the literature by integrating multiple theories: agency, resource dependence and signalling, to enlighten the effect of the unique power of financial expertise on making financial decisions. We find that AC members with financial expertise are positively related to the level of cash holdings, leverage and dividend payment in financial companies. The findings provide empirical evidence to regulators to encourage companies to exceedingly appoint financial experts as AC members due to their unique resources, which improve their monitoring role and constraining management opportunistic behaviour

ACS Style

Hidaya Al Lawati; Khaled Hussainey. The impact of audit committee financial expertise on corporate financial decisions. Corporate Ownership and Control 2021, 18, 348 -359.

AMA Style

Hidaya Al Lawati, Khaled Hussainey. The impact of audit committee financial expertise on corporate financial decisions. Corporate Ownership and Control. 2021; 18 (3, special):348-359.

Chicago/Turabian Style

Hidaya Al Lawati; Khaled Hussainey. 2021. "The impact of audit committee financial expertise on corporate financial decisions." Corporate Ownership and Control 18, no. 3, special: 348-359.

Journal article
Published: 20 March 2021 in Journal of Risk and Financial Management
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In this paper, we examine the impact of risk disclosure practices on trade credit. We hypothesize that risk information could reduce information opacity that arises between companies and their suppliers. We collected annual reports for Tunisian listed companies for the period 2008–2013. This gives us 146 firm-year observations. We find that risk disclosure has a positive impact on the level of trade credit. Our paper offers a new empirical evidence on the role of risk disclosure in reducing information asymmetry and increase companies’ access to short-term external funds. Our study provides managerial implications for firms, suppliers, and regulatory authorities.

ACS Style

Issal Haj-Salem; Khaled Hussainey. Does Risk Disclosure Matter for Trade Credit? Journal of Risk and Financial Management 2021, 14, 133 .

AMA Style

Issal Haj-Salem, Khaled Hussainey. Does Risk Disclosure Matter for Trade Credit? Journal of Risk and Financial Management. 2021; 14 (3):133.

Chicago/Turabian Style

Issal Haj-Salem; Khaled Hussainey. 2021. "Does Risk Disclosure Matter for Trade Credit?" Journal of Risk and Financial Management 14, no. 3: 133.

Earlycite article
Published: 09 February 2021 in Journal of Applied Accounting Research
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Purpose This paper contributes to risk management research with reference to disclosure of risk specific information within the oil and gas industry. This paper provides empirical evidence regarding voluntary and mandatory disclosure behaviour from both a quantitative and qualitative perspective. Design/methodology/approach A longitudinal empirical study examines probabilistic reserve quantum reporting of UK companies, over a time-period spanning voluntary and mandatory disclosure. The researchers analyse disclosure behaviour under voluntary and mandatory time spans using a logistical regression approach to measure determinants of risk reporting. Form of regulation is considered as the fundamental driver for disclosure whilst controlling for other relevant variables. Implications for developing international regulation are presented with suggestions for further research. Findings Mandatory reporting is not seen as a significant influence to disclosure. Degree of risk, quality of audit firms, level of stock exchange and organisational visibility each impact on disclosure. The findings indicate that a mandatory disclosure approach is ineffective, partially explained by mimetic and normative forces and a balancing of agency-related costs and benefits. There is an inverse relationship between level of risk and risk reporting. Research limitations/implications Generalisation of the findings is limited due to the specific context of the extractive industry. Practical implications The paper seeks to inform the International Accounting Standards Board's (IASB) on-going consideration of risk reporting and also its extractive industries deliberations. Originality/value The paper provides original insight into the area of risk management with particular focus on risk specificity and quantitative metrics for risk profiling not previously tested. The paper introduces risk profiling as a variable in risk disclosure.

ACS Style

Stuart Mcchlery; Khaled Hussainey. Risk disclosure behaviour: evidence from the UK extractive industry. Journal of Applied Accounting Research 2021, 22, 484 -506.

AMA Style

Stuart Mcchlery, Khaled Hussainey. Risk disclosure behaviour: evidence from the UK extractive industry. Journal of Applied Accounting Research. 2021; 22 (3):484-506.

Chicago/Turabian Style

Stuart Mcchlery; Khaled Hussainey. 2021. "Risk disclosure behaviour: evidence from the UK extractive industry." Journal of Applied Accounting Research 22, no. 3: 484-506.

Research article
Published: 05 February 2021 in International Journal of Finance & Economics
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This study examines the impact of the board of directors (BoD) characteristics, namely BoD independence, compensation, leadership, and CEO career concerns on investment efficiency, using information asymmetry as a mediator. Using a sample of 326 firm‐year observations of non‐financial firms listed in the EGX 100 Index of the Egyptian stock market from 2014 to 2018, we find that board independence, board compensation, and board leadership are negatively associated with inefficient investment and information asymmetry, whereas the opposite is true for CEO career concerns. Furthermore, a positive relationship between information asymmetry and inefficient investment is documented. Finally, we find that information asymmetry mediates the relationship between the three BoD characteristics (i.e., board independence, leadership, and compensation) and inefficient investment. Conversely, it does not interfere with the relationship between CEO career concerns and inefficient investment. These findings are consistent in both under‐investment and over‐investment scenarios and across the pooled sample. Our findings contribute to corporate governance and investment literature by addressing new relationships, providing empirical evidence from a one‐tier board model in developing countries, and offering a useful explanation for the inconsistent results in prior studies. These findings help regulators, investors, and policymakers realize the importance of BoD characteristics in mitigating information asymmetry and improving corporate investment efficiency.

ACS Style

Ibrahim M. Menshawy; Rohaida Basiruddin; Nor‐Aiza Mohd‐Zamil; Khaled Hussainey. Strive towards investment efficiency among Egyptian companies: Do board characteristics and information asymmetry matter? International Journal of Finance & Economics 2021, 1 .

AMA Style

Ibrahim M. Menshawy, Rohaida Basiruddin, Nor‐Aiza Mohd‐Zamil, Khaled Hussainey. Strive towards investment efficiency among Egyptian companies: Do board characteristics and information asymmetry matter? International Journal of Finance & Economics. 2021; ():1.

Chicago/Turabian Style

Ibrahim M. Menshawy; Rohaida Basiruddin; Nor‐Aiza Mohd‐Zamil; Khaled Hussainey. 2021. "Strive towards investment efficiency among Egyptian companies: Do board characteristics and information asymmetry matter?" International Journal of Finance & Economics , no. : 1.

Original research
Published: 19 January 2021 in Review of Quantitative Finance and Accounting
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We examine the impact of audit committee (AC) characteristics (e.g. AC foreign members, AC female members, AC members with multiple directorships, AC members with share ownership and AC with financial and supervisory expertise) on forward-looking disclosure (FLD) quality and quantity. Using a sample of Omani financial companies listed on Muscat Securities Market over a five-year period (2014–2018), we find that a number of AC characteristics (such as AC size, AC female members and AC with multiple directorships) improve FLD quality. We make no such observation for FLD quantity. The results suggest that the responsibility of AC extends to improving the quality of FLD. We provide an additional analysis on the impact of AC effectiveness (ACE) on FLD quality, which suggests that companies’ compliance with CG code is beneficial for disclosure quality. We also find that the impact of ACE on FLD quality is influenced by corporate performance, leverage and the quality of external auditors. Our findings carry implications for the regulatory bodies’ efforts in encouraging companies to improve disclosure quality by considering AC characteristics as well as appointing more effective AC directors.

ACS Style

Hidaya Al Lawati; Khaled Hussainey; Roza Sagitova. Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions? Review of Quantitative Finance and Accounting 2021, 1 -38.

AMA Style

Hidaya Al Lawati, Khaled Hussainey, Roza Sagitova. Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions? Review of Quantitative Finance and Accounting. 2021; ():1-38.

Chicago/Turabian Style

Hidaya Al Lawati; Khaled Hussainey; Roza Sagitova. 2021. "Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions?" Review of Quantitative Finance and Accounting , no. : 1-38.

Journal article
Published: 12 January 2021 in Journal of Risk and Financial Management
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Prior studies provide evidence that both corporate governance and corporate investment efficiency affect corporate disclosure practice. In this paper, we examine their joint effect on disclosure. In particular, we examine whether corporate governance quality and corporate investment efficiency act as substitutes or complements in their impact on narrative disclosure. We collect disclosure scores from Lancaster University’s Corporate Financial Information Environment (CFIE) website for a sample of non-financial UK companies for the period 2007–2014. We regress measures of corporate governance and corporate investment efficiency on two different proxies of disclosure practice (performance commentaries disclosure and the tone of narrative disclosure). Consistent with prior studies, we find that both governance and investment efficiency affect disclosure. We contribute to narrative disclosure studies in two crucial respects. First, we provide empirical evidence that governance and investment efficiency has a complementary effect on performance commentaries disclosure. Second, we contribute to the disclosure tone literature by providing empirical evidence that both governance and investment efficiency have a substitution effect on the tone of narrative disclosure.

ACS Style

Noha Elberry; Khaled Hussainey. Governance vis-à-vis Investment Efficiency: Substitutes or Complementary in Their Effects on Disclosure Practice. Journal of Risk and Financial Management 2021, 14, 33 .

AMA Style

Noha Elberry, Khaled Hussainey. Governance vis-à-vis Investment Efficiency: Substitutes or Complementary in Their Effects on Disclosure Practice. Journal of Risk and Financial Management. 2021; 14 (1):33.

Chicago/Turabian Style

Noha Elberry; Khaled Hussainey. 2021. "Governance vis-à-vis Investment Efficiency: Substitutes or Complementary in Their Effects on Disclosure Practice." Journal of Risk and Financial Management 14, no. 1: 33.

Chapter
Published: 01 January 2021 in Handbook of Research on Climate Change and the Sustainable Financial Sector
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Previous research studies have used multiple theories, such as resource dependence, human capital, social capital, busyness, signalling, behavioural, and agency theories in order to investigate the association between board diversity and earnings management and the association between board diversity and firm performance. This chapter surveys 75 research studies and used 37 theories. Most of the studies focused on agency and resource dependent theories. Also, this study used social capital theory as a contribution of the chapter, which was rarely used and which examined the relationship between board diversity and earnings management in addition to firm performance.

ACS Style

Ahmad Alqatan; Imad Chbib; Khaled Hussainey. Theories Related to the Relationship Between Board Diversity, Earnings Management, and Firm Performance. Handbook of Research on Climate Change and the Sustainable Financial Sector 2021, 1 -26.

AMA Style

Ahmad Alqatan, Imad Chbib, Khaled Hussainey. Theories Related to the Relationship Between Board Diversity, Earnings Management, and Firm Performance. Handbook of Research on Climate Change and the Sustainable Financial Sector. 2021; ():1-26.

Chicago/Turabian Style

Ahmad Alqatan; Imad Chbib; Khaled Hussainey. 2021. "Theories Related to the Relationship Between Board Diversity, Earnings Management, and Firm Performance." Handbook of Research on Climate Change and the Sustainable Financial Sector , no. : 1-26.

Earlycite article
Published: 08 December 2020 in Journal of Applied Accounting Research
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Purpose The purpose of this study is to investigate the value relevance of accounting information for Islamic, conventional and hybrid banks. It also investigates the moderation impact of IFRS adoption and AAOIFI mandatory adoption on value relevance of accounting information. Design/methodology/approach Using value relevance models, The authors run panel data regressions on 47 Islamic banks, 112 conventional banks and 42 hybrid banks (conventional banks with Islamic windows). The study covers listed banks from 14 countries over the period 2010–2018. Findings paper offers three empirical evidences. First, the authors find that value relevance of accounting information is higher for Islamic banks, compared to conventional banks. Second, the authors find that IFRS framework strengthens the relevance of accounting information in Islamic banks, but the authors did not find the same for hybrid banks. Third, the authors find that the mandatory adoption of AAOIFI accounting standards has a moderation effect on value relevance of accounting information for both Islamic banks and hybrid banks. The robustness analysis shows that there is a significant contribution of compliance with Islamic Finance rules in IBs and HBs, which substantially reduces managers' opportunistic behavior to manage accounting information. Research limitations/implications One limit of this research is the reduced number of sampled listed IBs since the authors deleted countries that do not have both listed Islamic and conventional banks. Practical implications The study is useful for investors that consider the Islamic ethical practices to make their investment decisions as well as for the standards-setting bodies that focus on establishing accounting standards for the Islamic banking industry. Originality/value The authors contribute to the value relevance literature by providing novel evidence on the value relevance in fully-fledged Islamic, fully-fledged conventional and hybrid Banks. The authors also provide new evidence on the moderating role of International Financial Reporting Standards (IFRS) and Auditing Organization for Islamic Financial Institutions standard (AAOIFI) for the value relevance of accounting information.

ACS Style

Serge Agbodjo; Kaouther Toumi; Khaled Hussainey. Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks. Journal of Applied Accounting Research 2020, 22, 168 -193.

AMA Style

Serge Agbodjo, Kaouther Toumi, Khaled Hussainey. Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks. Journal of Applied Accounting Research. 2020; 22 (1):168-193.

Chicago/Turabian Style

Serge Agbodjo; Kaouther Toumi; Khaled Hussainey. 2020. "Accounting standards and value relevance of accounting information: a comparative analysis between Islamic, conventional and hybrid banks." Journal of Applied Accounting Research 22, no. 1: 168-193.

Research article
Published: 14 September 2020 in BUSINESS STRATEGY & DEVELOPMENT
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Purpose The study focuses on all nonfinancial companies representing four Gulf countries namely: Saudi Arabia, Kuwait, UAE and Qatar. It provides a comparative analysis of the extent of Integrated Reporting practices amongst 217 listed companies in 2013 and 2014. Design/methodology/approach The sample comprises all nonfinancial companies listed on the respective stock markets. An integrated reporting index comprising 43 items was developed based on a review of the extant literature and the IIRC framework. A descriptive analysis follows which explores the extent of integrated reporting amongst the sample companies. Findings The results indicate that the Integrated Reporting is still in an embryonic stage with companies listed on the UAE and Saudi Arabia stock exchanges taking the lead. The results show great variation amongst the surveyed companies which could reflect the voluntary nature of IR practices and the absence of a universally‐recognised framework that guides such practices, resulting in companies having discretion in terms of the nature and extent of their IR practices. Practical Implications This paper provides evidence from the Gulf region with respect to the extent of integrated reporting practiced there, as the majority of prior studies focus on countries with developed capital markets. The results presented in this paper should therefore be of interest to regulators and standard‐setters charged with developing accounting standards related to integrated reporting. Originality/value To the best of the authors' knowledge this is the first study to investigate IR practices in the Middle East and North Africa region, so it could be regarded as an important step in understanding how this area of research is moving forward in developing countries context and should provide a springboard for future research in this area.

ACS Style

Ahmed H. Ahmed; Mohamed E. Elmaghrabi; Theresa Dunne; Khaled Hussainey. Gaining momentum: Towards integrated reporting practices in Gulf Cooperation Council countries. BUSINESS STRATEGY & DEVELOPMENT 2020, 4, 78 -93.

AMA Style

Ahmed H. Ahmed, Mohamed E. Elmaghrabi, Theresa Dunne, Khaled Hussainey. Gaining momentum: Towards integrated reporting practices in Gulf Cooperation Council countries. BUSINESS STRATEGY & DEVELOPMENT. 2020; 4 (2):78-93.

Chicago/Turabian Style

Ahmed H. Ahmed; Mohamed E. Elmaghrabi; Theresa Dunne; Khaled Hussainey. 2020. "Gaining momentum: Towards integrated reporting practices in Gulf Cooperation Council countries." BUSINESS STRATEGY & DEVELOPMENT 4, no. 2: 78-93.

Research article
Published: 29 August 2020 in International Journal of Finance & Economics
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Using conventional regressions and generalized regression neural networks (GRNNs), we examine the relationship between corporate governance (CG) and earnings management (EM). We also examine whether governance quality moderates the association between EM and CG for a sample of British and Egyptian companies. Our findings show that: (a) UK firms are likely to have lower levels of EM if they: have smaller boards, are dominated by independent outside directors, and have a low percentage of female directors; (b) Egyptian firms are likely to have lower levels of EM if they: have larger boards, are dominated by independent outside directors, and have a low percentage of female directors; (c) The governance quality (control of corruption) has a significant hidden effect on EM. Since our results provide empirical evidence that the board of directors plays a vital role in mitigating EM, these findings might lead to an improvement in the credibility of financial statements for investors in both the UK and Egypt. As policy implications, our findings inform regulators and policy‐makers that corruption has a very strong hidden effect on EM and that they can deter EM by controlling the corruption level in their countries.

ACS Style

Hussein A. Abdou; Nouran N. Ellelly; Ahmed A. Elamer; Khaled Hussainey; Hassan Yazdifar. Corporate governance and earnings management nexus: Evidence from the UK and Egypt using neural networks. International Journal of Finance & Economics 2020, 1 .

AMA Style

Hussein A. Abdou, Nouran N. Ellelly, Ahmed A. Elamer, Khaled Hussainey, Hassan Yazdifar. Corporate governance and earnings management nexus: Evidence from the UK and Egypt using neural networks. International Journal of Finance & Economics. 2020; ():1.

Chicago/Turabian Style

Hussein A. Abdou; Nouran N. Ellelly; Ahmed A. Elamer; Khaled Hussainey; Hassan Yazdifar. 2020. "Corporate governance and earnings management nexus: Evidence from the UK and Egypt using neural networks." International Journal of Finance & Economics , no. : 1.

Research article
Published: 23 August 2020 in International Journal of Finance & Economics
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In our paper, we test the global impact of religiosity on firm's durability. Given that religious firms are more ethics and take less risk, they avoid the costs of misconduct, and they benefit from the good reputation and the excellent relationship with their stakeholders. So, we predict that higher degrees of religiosity can reduce the financial distress. According to this prediction, we detect that corporates headquarters situated in more religious U.S. counties are probably less to suffer from financial problems. We also note that this negative relation becomes stronger during the crisis period. We conclude that the lack of religiosity is a significant cause of the financial difficulty.

ACS Style

Ines Gharbi; Mounira Hamed‐Sidhom; Khaled Hussainey; Janet Ganouati. Religiosity and financial distress in U.S. firms. International Journal of Finance & Economics 2020, 1 .

AMA Style

Ines Gharbi, Mounira Hamed‐Sidhom, Khaled Hussainey, Janet Ganouati. Religiosity and financial distress in U.S. firms. International Journal of Finance & Economics. 2020; ():1.

Chicago/Turabian Style

Ines Gharbi; Mounira Hamed‐Sidhom; Khaled Hussainey; Janet Ganouati. 2020. "Religiosity and financial distress in U.S. firms." International Journal of Finance & Economics , no. : 1.

Research article
Published: 02 August 2020 in International Journal of Finance & Economics
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This paper studies the role of tax preparers in tax aggressiveness. Based on a sample of 342 UK companies indexed on the Financial Times Stock Exchange (FTSE) 350 from 2006 to 2016, it finds that external tax preparers are more tax aggressive than internal ones. The result is explained by the capability of external preparers to take more aggressive tax positions than internal preparers because of their knowledge in different changes to tax law, and their higher expertise in this field. The findings has implications for managers, policymakers and researchers.

ACS Style

Soufiene Assidi; Khaled Hussainey. The effect of tax preparers on corporate tax aggressiveness: Evidence form the UK context. International Journal of Finance & Economics 2020, 26, 2279 -2288.

AMA Style

Soufiene Assidi, Khaled Hussainey. The effect of tax preparers on corporate tax aggressiveness: Evidence form the UK context. International Journal of Finance & Economics. 2020; 26 (2):2279-2288.

Chicago/Turabian Style

Soufiene Assidi; Khaled Hussainey. 2020. "The effect of tax preparers on corporate tax aggressiveness: Evidence form the UK context." International Journal of Finance & Economics 26, no. 2: 2279-2288.

Research article
Published: 26 July 2020 in International Journal of Finance & Economics
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This paper examines and compares the relationship between risk disclosure and corporate attributes in Islamic and conventional banks. Using a comprehensive risk disclosure index covering nine dimensions, we analyse the level of risk‐related disclosure (RRD) in a sample of 72 Islamic banks and 97 conventional banks across 11 countries. The RRD index shows that Islamic banks disclose less information about risk comparing to conventional banks. Listed banks, larger banks and aged bank disclose more information about risk than the others. Block holders, foreign ownership and board size affect negatively risk disclosure. However, board independence and the percentage of foreign directors in the board affect positively risk disclosure. Moreover, banks with higher Tier 1 ratio disclose less information about risk. Our results encourages regulators to improve corporate governance mechanisms in their banking systems through the optimization of ownership structure (dispersed ownership) and the board's composition in order to promote higher level of transparency and RRD.

ACS Style

Rihab Grassa; Nejia Moumen; Khaled Hussainey. What drives risk disclosure in Islamic and conventional banks? An international comparison. International Journal of Finance & Economics 2020, 1 .

AMA Style

Rihab Grassa, Nejia Moumen, Khaled Hussainey. What drives risk disclosure in Islamic and conventional banks? An international comparison. International Journal of Finance & Economics. 2020; ():1.

Chicago/Turabian Style

Rihab Grassa; Nejia Moumen; Khaled Hussainey. 2020. "What drives risk disclosure in Islamic and conventional banks? An international comparison." International Journal of Finance & Economics , no. : 1.

Journal article
Published: 25 July 2020 in International Journal of Disclosure and Governance
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The purpose of this paper is to address the essential steps for constructing a compliance index. It answers the research question: ‘What are the guidelines for constructing the compliance index with IFRS 7?’ To conduct this study, an index is constructed based on the disclosure requirements of financial instruments (i.e. IFRS 7). The sample includes listed banks from the Gulf Cooperation Council (GCC) countries that adopted IFRS mandatorily from 2011 to 2017. Further, a descriptive analysis is employed. The findings emphasise the significant role of the steps outlined in constructing the index. Despite the importance of all the steps mentioned (basic source, materiality, reliability, validity, and scoring), there are some forms that can be considered as alternatives for each other. Overall, clarifying these steps for constructing an index will no doubt increase the effectiveness of the tool used for measuring the compliance level. Consequently, future researchers can concentrate more on other types of requirement, such as measurement and presentation. They may also include non-financial sectors and give more attention to the other scoring methods mentioned in the study. The study contributes to the IASB by supporting their efforts towards improving disclosure, especially in mandatory cases. It also supports all initiatives and efforts of policy makers, government institutions, and formal associations. The study presents illustrative steps to establish an index under the basic requirements (narrative study). Moreover, it provides a new index to measure cross-country (GCC countries) compliance with IFRS 7.

ACS Style

Amal Yamani; Khaled Hussainey. Compliance with IFRS 7 by financial institutions: evidence from GCC. International Journal of Disclosure and Governance 2020, 18, 42 -57.

AMA Style

Amal Yamani, Khaled Hussainey. Compliance with IFRS 7 by financial institutions: evidence from GCC. International Journal of Disclosure and Governance. 2020; 18 (1):42-57.

Chicago/Turabian Style

Amal Yamani; Khaled Hussainey. 2020. "Compliance with IFRS 7 by financial institutions: evidence from GCC." International Journal of Disclosure and Governance 18, no. 1: 42-57.

Journal article
Published: 04 July 2020 in International Journal of Disclosure and Governance
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We investigate the joint effect of corporate risk disclosure (CRD) and corporate governance (CG) on firm value in Tunisia. We examine a sample of 156 firm observations of Tunisian-listed companies during 2008–2013. A manual content analysis method is used to measure the level of risk disclosure. We find that CRD has a negative and significant effect on firm value. In addition, family ownership negatively affects firm value. However, board size, the independence of the audit committee, and the presence of the women on the board lead to greater firm value. We find a substitution effect between CRD and CG mechanisms on the firm value. This paper adds to risk disclosure studies by examining the economic consequences of CRD in emerging market. Furthermore, this paper contributes to the literature by being the first study, to the best of our knowledge, which investigates the joint effect of CRD and CG mechanisms on firm value.

ACS Style

Issal Haj-Salem; Salma Damak Ayadi; Khaled Hussainey. The joint effect of corporate risk disclosure and corporate governance on firm value. International Journal of Disclosure and Governance 2020, 17, 123 -140.

AMA Style

Issal Haj-Salem, Salma Damak Ayadi, Khaled Hussainey. The joint effect of corporate risk disclosure and corporate governance on firm value. International Journal of Disclosure and Governance. 2020; 17 (2-3):123-140.

Chicago/Turabian Style

Issal Haj-Salem; Salma Damak Ayadi; Khaled Hussainey. 2020. "The joint effect of corporate risk disclosure and corporate governance on firm value." International Journal of Disclosure and Governance 17, no. 2-3: 123-140.

Earlycite article
Published: 24 June 2020 in Journal of Applied Accounting Research
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PurposeThe authors examine whether managers switch from artificial income smoothing using discretionary accruals to real income smoothing around corporate governance reform in Egypt.Design/methodology/approachThe sample comprises 61 non-financial companies listed on the Egyptian Stock Exchange for the years 2004–2011. The authors use discretionary accruals as a proxy for artificial income smoothing and income/loss from asset sales as a proxy for real income smoothing.FindingsThe authors offer a significant contribution to accounting literature by providing new empirical evidence on the trade-off between real smoothing technique (e.g. income/loss from asset sales) and discretionary accruals around governance reform in a developing country.Research limitations/implicationsThis study suffers from some limitations. First, the study sample is limited to only 338 observations. However, this is due to collecting the data manually and to the small number of listed firms during the study period. Second, the study period ended in 2011 due to the unprecedented political instability after the 2011 Egyptian people revolution. Third, although this study examines the effect of corporate governance, not all the governance aspects have been examined in the study models due to the lack of data.Practical implicationsFirst, the results of the total samples reveal that managers prefer real income smoothing than accruals income smoothing. This result may confirm the literature arguments on the advantages of REM methods over AEM methods. Cohen et al. (2008) find that firms switch to manage earnings using REM methods and explain that REM methods are harder to detect because they depend on operating decisions (Schipper, 1989). REM can be undertaken anytime during the year (Gunny, 2010). Besides, REM could not be deemed a violation of accounting standards or regulations (MyVay, 2006).Originality/valueThe authors offer a significant contribution to accounting literature by providing new empirical evidence on the trade-off between real smoothing technique (e.g. income/loss from asset sales) and discretionary accruals around governance reform in a developing country.

ACS Style

Awad Elsayed Awad Ibrahim; Tarek Abdelfattah; Khaled Hussainey. Artificial and real income smoothing around corporate governance reforms: further evidence from Egypt. Journal of Applied Accounting Research 2020, 21, 701 -720.

AMA Style

Awad Elsayed Awad Ibrahim, Tarek Abdelfattah, Khaled Hussainey. Artificial and real income smoothing around corporate governance reforms: further evidence from Egypt. Journal of Applied Accounting Research. 2020; 21 (4):701-720.

Chicago/Turabian Style

Awad Elsayed Awad Ibrahim; Tarek Abdelfattah; Khaled Hussainey. 2020. "Artificial and real income smoothing around corporate governance reforms: further evidence from Egypt." Journal of Applied Accounting Research 21, no. 4: 701-720.