This study aimed to measure the effect of the degree of CEO's managerial ability according to the managerial ability score presented by (Demerjian, et al., 2012), on accounting disclosure tone in financial reporting (which expressed in three different descriptive proxies, 1 st accounting disclosure tone for good news (positive or optimistic tone), 2 nd accounting disclosure tone for bad news (negative or pessimistic tone), and 3 rd accounting disclosure tone for net news), and on cash dividends policy (which measured by three alternative proxies, 1 st the firm's decision to pay cash dividends during the year, 2 nd cash dividends on assets ratio, and 3 rd cash dividends returns), by taking into account 129 non-financial companies' listed in the egyptian stock exchange, over the period of 2014 to 2018. The Binary Logistic Regression Analysis and the Fixed Effects Model (as one of the longitudinal regression models for Panel Data) were adopted to examine the research hypotheses using SPSS (ver.24) and E-Views (ver.10) programs. The research concluded to several findings, most important of which, that the degree of CEO's managerial ability of the companies under study have increased. The study provided statistical evidences of which, having a significant effect of the degree of CEO's managerial ability on accounting disclosure tone in financial reporting, as it was found that there was a positive significant effect of the degree of CEO's managerial ability on accounting disclosure tone for good and net news, and a negative significant effect on accounting disclosure tone for bad news. The study also provided statistical evidences that, a positive significant effect of the degree of CEO's managerial ability on cash dividends on assets ratio, and cash dividends returns, and no significant effect on firm's decision to pay cash dividends during the year.

This study aimed to provide early practical evidence from the Egyptian Stock Market, on the economic consequences of the level of disclosure quality according to the integrated reports in several aspects of accounting, before the mandatory application of those reports in the Egyptian business environment. In order to achieve this goal, the study examine the impact of the level of disclosure quality according to the integrated reports, on the level of real earnings management, cost of equity capital, stock liquidity, and abnormal stock returns, using 63 of the companies listed in the Egyptian Stock Exchange, over the period of 2013 to 2018.The Longitudinal Regression Models of the Panel Data were adopted to test the research hypotheses using the SPSS (ver.24) and E-Views (ver.10) programs.The study concluded to several findings, most important of which, that the level of disclosure quality according to the integrated reports, have a negative significant effect on the level of real earnings management, cost of equity capital, and a positive significant effect on firm's stock liquidity, and no significant effect on the abnormal stock returns.