The Impact of Implementing Governance Mechanisms on Transparency and Accounting Disclosure: A Field Study on Egyptian Pharmaceutical Companies

Document Type : Original Article

Authors

Accounting Department, Faculty of Commerce, Benha University, Egypt

Abstract

The primary objective of this research is to examine the impact of implementing governance mechanisms on transparency and accounting disclosure.
Design and Methodology:
To achieve the research objective, the researcher conducted a field study on pharmaceutical companies listed on the Egyptian Stock Exchange (excluding healthcare and service companies, pharmaceutical products companies, and hospitals). The sample categories include accountants and internal auditors at Egyptian pharmaceutical companies, financial managers at Egyptian pharmaceutical companies, and certified public accountants working in accounting and auditing firms that audit these companies, in addition to faculty members in the accounting and auditing departments at Egyptian faculties of commerce.
Findings and Recommendations:
The study found a statistically significant positive impact of the application of governance mechanisms in pharmaceutical companies on transparency and accounting disclosure. Based on this, the study recommends conducting periodic and independent reviews of the governance mechanisms themselves to identify strengths and weaknesses and to take corrective actions necessary to improve the level of transparency and accounting disclosure.

Keywords

Benha Journal of Humanities Sciences
Volume 3, Issue 2
March and April 2024
Pages 281-308

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