The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies

Alnour Nadir Alnour Osman; Itra Nader Elnour Osman

doi:doi:10.11648/j.ijefm.20210902.11

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The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies

Alnour Nadir Alnour Osman, Itra Nader Elnour Osman

Published in International Journal of Economics, Finance and Management Sciences (Volume 9, Issue 2)

Received: 12 February 2021 Accepted: 23 February 2021 Published: 17 March 2021

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Abstract

This research aims to relate disclosure quality of published annual reports of listed companies in Khartoum Stock Exchange (KSE) to its hypothesized determinants. Such a relation, if exists, would be used to predict the level (size) and kind (quality) of accounting information disclosure. Annual reports of 42 listed companies in KSE out of 52 total listed companies for the year 2007 were used to assess the quality of disclosure. An unweighted disclosure index of 191 mandatory and voluntary information items was developed and utilized using all disclosure requirements by regulating bodies in Sudan, as well as relevant studies from nine developing countries. Actual degrees of disclosure quality of more than 80% of KSE listed companies were measured and analyzed. Correlation and Pearson Product Moment Correlation Coefficient Model tests were used to check the existence of association between the disclosure quality (the dependent variable) and seven independent variables (assets size, sales value, industry type, firm age, return on assets, liquidity ratio and debt ratio). Statistical analysis showed that disclosure quality was positively correlated to the firm size (measured in assets and sales values), and type of industry (measured in regulated versus non- regulated industry). On the other hand, the quality of disclosure was not significantly correlated to company age (measured in number of listing years), company profitability (measured in rate of return on assets) and company debt level (measured in liquidity and leverage ratios).

Published in	International Journal of Economics, Finance and Management Sciences (Volume 9, Issue 2)
DOI	10.11648/j.ijefm.20210902.11
Page(s)	46-61
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2021. Published by Science Publishing Group

Keywords

Disclosure Quality, Disclosure Determinants, KSE, Firm Size, Industry Types and Company Performance

References

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APA Style

Alnour Nadir Alnour Osman, Itra Nader Elnour Osman. (2021). The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies. International Journal of Economics, Finance and Management Sciences, 9(2), 46-61. https://doi.org/10.11648/j.ijefm.20210902.11

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ACS Style

Alnour Nadir Alnour Osman; Itra Nader Elnour Osman. The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies. Int. J. Econ. Finance Manag. Sci. 2021, 9(2), 46-61. doi: 10.11648/j.ijefm.20210902.11

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AMA Style

Alnour Nadir Alnour Osman, Itra Nader Elnour Osman. The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies. Int J Econ Finance Manag Sci. 2021;9(2):46-61. doi: 10.11648/j.ijefm.20210902.11

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@article{10.11648/j.ijefm.20210902.11,
  author = {Alnour Nadir Alnour Osman and Itra Nader Elnour Osman},
  title = {The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {9},
  number = {2},
  pages = {46-61},
  doi = {10.11648/j.ijefm.20210902.11},
  url = {https://doi.org/10.11648/j.ijefm.20210902.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20210902.11},
  abstract = {This research aims to relate disclosure quality of published annual reports of listed companies in Khartoum Stock Exchange (KSE) to its hypothesized determinants. Such a relation, if exists, would be used to predict the level (size) and kind (quality) of accounting information disclosure. Annual reports of 42 listed companies in KSE out of 52 total listed companies for the year 2007 were used to assess the quality of disclosure. An unweighted disclosure index of 191 mandatory and voluntary information items was developed and utilized using all disclosure requirements by regulating bodies in Sudan, as well as relevant studies from nine developing countries. Actual degrees of disclosure quality of more than 80% of KSE listed companies were measured and analyzed. Correlation and Pearson Product Moment Correlation Coefficient Model tests were used to check the existence of association between the disclosure quality (the dependent variable) and seven independent variables (assets size, sales value, industry type, firm age, return on assets, liquidity ratio and debt ratio). Statistical analysis showed that disclosure quality was positively correlated to the firm size (measured in assets and sales values), and type of industry (measured in regulated versus non- regulated industry). On the other hand, the quality of disclosure was not significantly correlated to company age (measured in number of listing years), company profitability (measured in rate of return on assets) and company debt level (measured in liquidity and leverage ratios).},
 year = {2021}
}

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TY  - JOUR
T1  - The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies
AU  - Alnour Nadir Alnour Osman
AU  - Itra Nader Elnour Osman
Y1  - 2021/03/17
PY  - 2021
N1  - https://doi.org/10.11648/j.ijefm.20210902.11
DO  - 10.11648/j.ijefm.20210902.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 46
EP  - 61
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20210902.11
AB  - This research aims to relate disclosure quality of published annual reports of listed companies in Khartoum Stock Exchange (KSE) to its hypothesized determinants. Such a relation, if exists, would be used to predict the level (size) and kind (quality) of accounting information disclosure. Annual reports of 42 listed companies in KSE out of 52 total listed companies for the year 2007 were used to assess the quality of disclosure. An unweighted disclosure index of 191 mandatory and voluntary information items was developed and utilized using all disclosure requirements by regulating bodies in Sudan, as well as relevant studies from nine developing countries. Actual degrees of disclosure quality of more than 80% of KSE listed companies were measured and analyzed. Correlation and Pearson Product Moment Correlation Coefficient Model tests were used to check the existence of association between the disclosure quality (the dependent variable) and seven independent variables (assets size, sales value, industry type, firm age, return on assets, liquidity ratio and debt ratio). Statistical analysis showed that disclosure quality was positively correlated to the firm size (measured in assets and sales values), and type of industry (measured in regulated versus non- regulated industry). On the other hand, the quality of disclosure was not significantly correlated to company age (measured in number of listing years), company profitability (measured in rate of return on assets) and company debt level (measured in liquidity and leverage ratios).
VL  - 9
IS  - 2
ER  -

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Author Information

Alnour Nadir Alnour Osman

School of Management Sciences, University of Khartoum, Khartoum, Sudan
Itra Nader Elnour Osman

Department of Business Administration, Sudan University College of Girls, Khartoum, Sudan

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APA Style

Alnour Nadir Alnour Osman, Itra Nader Elnour Osman. (2021). The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies. International Journal of Economics, Finance and Management Sciences, 9(2), 46-61. https://doi.org/10.11648/j.ijefm.20210902.11

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ACS Style

Alnour Nadir Alnour Osman; Itra Nader Elnour Osman. The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies. Int. J. Econ. Finance Manag. Sci. 2021, 9(2), 46-61. doi: 10.11648/j.ijefm.20210902.11

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AMA Style

Alnour Nadir Alnour Osman, Itra Nader Elnour Osman. The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies. Int J Econ Finance Manag Sci. 2021;9(2):46-61. doi: 10.11648/j.ijefm.20210902.11

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@article{10.11648/j.ijefm.20210902.11,
  author = {Alnour Nadir Alnour Osman and Itra Nader Elnour Osman},
  title = {The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {9},
  number = {2},
  pages = {46-61},
  doi = {10.11648/j.ijefm.20210902.11},
  url = {https://doi.org/10.11648/j.ijefm.20210902.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20210902.11},
  abstract = {This research aims to relate disclosure quality of published annual reports of listed companies in Khartoum Stock Exchange (KSE) to its hypothesized determinants. Such a relation, if exists, would be used to predict the level (size) and kind (quality) of accounting information disclosure. Annual reports of 42 listed companies in KSE out of 52 total listed companies for the year 2007 were used to assess the quality of disclosure. An unweighted disclosure index of 191 mandatory and voluntary information items was developed and utilized using all disclosure requirements by regulating bodies in Sudan, as well as relevant studies from nine developing countries. Actual degrees of disclosure quality of more than 80% of KSE listed companies were measured and analyzed. Correlation and Pearson Product Moment Correlation Coefficient Model tests were used to check the existence of association between the disclosure quality (the dependent variable) and seven independent variables (assets size, sales value, industry type, firm age, return on assets, liquidity ratio and debt ratio). Statistical analysis showed that disclosure quality was positively correlated to the firm size (measured in assets and sales values), and type of industry (measured in regulated versus non- regulated industry). On the other hand, the quality of disclosure was not significantly correlated to company age (measured in number of listing years), company profitability (measured in rate of return on assets) and company debt level (measured in liquidity and leverage ratios).},
 year = {2021}
}

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TY  - JOUR
T1  - The Effect of Company Characteristics on Disclosure Quality of Khartoum Stock Exchange Listed Companies
AU  - Alnour Nadir Alnour Osman
AU  - Itra Nader Elnour Osman
Y1  - 2021/03/17
PY  - 2021
N1  - https://doi.org/10.11648/j.ijefm.20210902.11
DO  - 10.11648/j.ijefm.20210902.11
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 46
EP  - 61
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20210902.11
AB  - This research aims to relate disclosure quality of published annual reports of listed companies in Khartoum Stock Exchange (KSE) to its hypothesized determinants. Such a relation, if exists, would be used to predict the level (size) and kind (quality) of accounting information disclosure. Annual reports of 42 listed companies in KSE out of 52 total listed companies for the year 2007 were used to assess the quality of disclosure. An unweighted disclosure index of 191 mandatory and voluntary information items was developed and utilized using all disclosure requirements by regulating bodies in Sudan, as well as relevant studies from nine developing countries. Actual degrees of disclosure quality of more than 80% of KSE listed companies were measured and analyzed. Correlation and Pearson Product Moment Correlation Coefficient Model tests were used to check the existence of association between the disclosure quality (the dependent variable) and seven independent variables (assets size, sales value, industry type, firm age, return on assets, liquidity ratio and debt ratio). Statistical analysis showed that disclosure quality was positively correlated to the firm size (measured in assets and sales values), and type of industry (measured in regulated versus non- regulated industry). On the other hand, the quality of disclosure was not significantly correlated to company age (measured in number of listing years), company profitability (measured in rate of return on assets) and company debt level (measured in liquidity and leverage ratios).
VL  - 9
IS  - 2
ER  -

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