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Volume :10 Issue : 1 2003
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Corporate Financial Reporting in the United Arab Emirates
Auther : Abdulrahman M. Al-Shayeb
This study empirically assesses the extent of financial reporting by a sample of shareholding companies and the impact of selected corporate attributes: firm size, age, profitability, industry type and multinational company influence, on the degree of financial reporting compliance in a developing country such as the United Arab Emirates. The study has arrived to four important conclusions. The first is that the overall degree of compliance complied with statues nor disclosed mandatory information. The second is that although the extent of financial reporting is low, there remains some scope for development and improvement in the current practices. The third is that larger firms are likely to disclose more information compared to smaller ones. The fourth is that companies in the banking and insurance sectors were found to disclose more information than other industry types.