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THE IMPACT OF DISCLOSURE ON SUSTAINABLE DEVELOPMENT ON QUALITY OF FINANCIAL REPORTS A FIELD STUDY ON INDUSTRIAL COMPANIES IN THE 10TH RAMADAN CITY

Article

Last updated: 03 Jan 2025

Subjects

-

Tags

Economics

Abstract

The objective of this study is to investigate the impact of disclosing elements of sustainable development (Environmental Performance, Social, Economic,) on the quality of financial reports of industrial companies in the 10th of Ramadan city.To achieve this goal, a descriptive approach was adopted to investigate the research problem, examine the hypothesis and reach a final conclusion. The current study also builds on previous academic research through which secondary data were used to develop its conceptual framework. Additionally, the analytical approach utilized in this study relied on a questionnaire based survey.The questionnaire included 44 questions distributed to the financial officers of 137 companies in 10th of Ramadan City with a response rate of 100%. The data was then analyzed using the SPSS statistical package. The results showed the following: the existence of a positive positive relationship between the disclosure of sustainable development dimensions (environmental - socio-economic) and the quality of financial reports in both dimensions (relevance - Reilability), that the disclosure of sustainable . Disclosure of sustainable development helps risk managemen . There is no official reference that regulates the disclosure of sustainable development and establishes laws that require companies to disclose it in the published financial statements. Industrial companies are having difficulty measuring certain cost and benefit items of sustainability accounting because they do not have their own accounting standards. The study also suggested some of the most important recommendations: Need to find a reference Official regulation governing the disclosure of sustainable development and the development of laws and legislations that oblige companies to disclose them in the published financial statements. The need to  activate legislation and laws that impose sanctions on companies that refrain from disclosing sustainable development.    

DOI

10.21608/jes.2019.163914

Keywords

Keywords: Sustainable development, Financial reporting quality, Sustainability Reports

Authors

First Name

Waad A. I.

Last Name

Abd el Mageed

MiddleName

-

Affiliation

Post Grad.Institute of Environmental Studies & Research, Ain Shams University

Email

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City

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Orcid

-

First Name

Nagwa A.

Last Name

El Sisi

MiddleName

-

Affiliation

Faculty of Commerce, Ain Shams University

Email

-

City

-

Orcid

-

First Name

Mahmoud H.

Last Name

Abd el Aal

MiddleName

-

Affiliation

Faculty of Commerce, Ain Shams University

Email

-

City

-

Orcid

-

Volume

48

Article Issue

3

Related Issue

23313

Issue Date

2019-12-01

Receive Date

2019-12-14

Publish Date

2019-12-01

Page Start

553

Page End

578

Print ISSN

1110-0826

Online ISSN

2636-3178

Link

https://jes.journals.ekb.eg/article_163914.html

Detail API

https://jes.journals.ekb.eg/service?article_code=163914

Order

20

Type

Review Article

Type Code

599

Publication Type

Journal

Publication Title

Journal of Environmental Science

Publication Link

https://jes.journals.ekb.eg/

MainTitle

THE IMPACT OF DISCLOSURE ON SUSTAINABLE DEVELOPMENT ON QUALITY OF FINANCIAL REPORTS A FIELD STUDY ON INDUSTRIAL COMPANIES IN THE 10TH RAMADAN CITY

Details

Type

Article

Created At

22 Jan 2023