A content analysis of narrative COVID-19 disclosure in Omani Islamic banks

Haj-Salem, Issal; Hussainey, Khaled

doi:10.4324/9781003095385-24

Cited by 4 publications

(7 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…We also complement Elmarzouky et al (2021)'s study by examining the influence of AC characteristics on COVID-19-related disclosure tone. We also complement a recent study by Salem and Hussainey (2021), who examine the levels of COVID-19 disclosure in two Islamic banks in Oman. We extend their work by exploring the COVID-19-related disclosure tone in all financial and non-financial companies in Oman and then we examine factors affecting disclosure tone.…”

Section: Introductionmentioning

confidence: 86%

Audit Committees and COVID-19-Related Disclosure Tone: Evidence from Oman

Alshabibi

Pria²,

Hussainey

2021

JRFM

View full text Add to dashboard Cite

In this study, we content analyzed chairman’s statements to measure the tone of COVID-19-related disclosure in Omani listed firms for the year ending 2020. We also examined whether audit committee (AC) characteristics influence disclosure tone. After controlling for corporate board and firm characteristics, our regression analysis showed that two AC characteristics (gender diversity and overlapped directors) positively affect good news information and negatively affect bad news information. It also showed that AC size positively affects bad news information. No evidence was found that the AC independence, meeting frequency, multi-directorships, and financial expertise have an impact on the tone of COVID-19-related disclosures. Our paper contributes to the growing literature by being the first study to examine whether AC characteristics influenced disclosure tone during the COVID-19 pandemic. Our results indicate that investors and regulatory bodies should take AC characteristics into account in determining the tone of COVID-19-related disclosures.

show abstract

Section: Introductionmentioning

confidence: 86%

Audit Committees and COVID-19-Related Disclosure Tone: Evidence from Oman

Alshabibi

Pria²,

Hussainey

2021

JRFM

View full text Add to dashboard Cite

show abstract

“…We did not limit our measure to the tone of COVID-19 disclosure as investigated by Alshabibi et al (2021). We follow the special guidance of the International Finance Corporations’ Framework on “Disclosure and Transparency in Crisis – Increasing Resilience and Building Trust during and after COVID-19.” Our paper differs from Haj-Salem and Hussainey (2022)’s study that explores COVID-19 disclosure in Islamic banks in Oman. In our study, we have considered financial and nonfinancial companies.…”

Section: Introductionmentioning

confidence: 71%

“…We count the number of sentences in each annual report that include information about the impact of the COVID-19 pandemic on corporate activities. The same measure is used by Alshabibi et al (2021) and Haj-Salem and Hussainey (2022) for the Omani context. Alshabibi et al (2021) focus only on the tone of COVID-19 disclosure in nonfinancial institutions, while Haj-Salem and Hussainey (2022) focus on COVID-19 disclosure in Islamic banks in Oman.…”

Section: Methodsmentioning

confidence: 99%

“…The same measure is used by Alshabibi et al (2021) and Haj-Salem and Hussainey (2022) for the Omani context. Alshabibi et al (2021) focus only on the tone of COVID-19 disclosure in nonfinancial institutions, while Haj-Salem and Hussainey (2022) focus on COVID-19 disclosure in Islamic banks in Oman. Unlike these studies, we focus on all financial and nonfinancial companies listed on the Egyptian stock market.…”

Section: Methodsmentioning

confidence: 99%

“…Alshabibi et al (2021) find that AC characteristics affect the tone of COVID-19 disclosure in Oman. Haj- Salem and Hussainey (2022) find that liquidity and risk are the main drivers for COVID-19 disclosure in Omani Islamic banks. These studies have considered limited governance mechanisms.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Covid-19 disclosure: do internal corporate governance and audit quality matter?

Abdelhak

Hussainey

Albitar

2023

IJAIM

Self Cite

View full text Add to dashboard Cite

Purpose This study aims to examine the impact of internal corporate governance and audit quality on the level of COVID-19 disclosure in Egypt. Design/methodology/approach The authors use manual content analysis to measure levels of COVID-19 disclosure in the narrative sections of annual reports. The authors analyze all companies listed on the Egyptian Stock Exchange over 2020–2021. The authors use different regression models to test the research hypotheses. Findings The analysis adds to the literature in two crucial respects. First, it provides a measure for COVID-19 disclosure in Egypt. Second, it provides evidence that governance mechanisms (board diversity, audit committee [AC] independence), auditor type and audit opinion affect the level of COVID-19 disclosure. The higher level of COVID-19 disclosure is associated with firms with more female directors on the board, being audited by one of the big four audit firms and receiving standard clean audit opinion. While the inexistence of an AC and more executives on the AC negatively affect COVID-19 disclosure levels. Originality/value To the best of the authors’ knowledge, it is the only paper that examines COVID-19 disclosure in the Egyptian context. It is also the first paper that provides evidence on the impact of internal governance and audit quality on COVID-19 disclosure.

show abstract

An exploratory study that uses textual analysis to examine the financial reporting sentiments during the COVID-19 pandemic

Non

Aziz

2023

JFRA

View full text Add to dashboard Cite

Purpose This paper aims to examine if Malaysian public listed companies have expressed any specific sentiment(s) when publishing their financial performance during the COVID-19 pandemic. Design/methodology/approach The disclosed sentiments contained in the management discussion and analysis section of the companies’ annual reports were extracted by means of computer-automated textual analysis through the linguistic inquiry and word counts and the Loughran–McDonald Financial Sentiment Dictionary. Next, a correlation analysis was conducted. Finally, a qualitative content analysis (QCA) was conducted to confirm these sentiments. Findings The analysis shows that companies adopted various tones of sentiments when communicating with their stakeholders. Most companies used negative sentiments to voice their concerns about how the COVID-19 pandemic has impacted upon their business operations. Only a few companies reflected positive sentiments, whilst those that experienced operating losses also expressed uncertainty. Research limitations/implications This study may assist either the regulators or accounting bodies to introduce a reporting framework that public companies can adopt during natural hazards. It also provides useful insights to (potential) investors to enable them to better understand the business landscape. For future research, the same study could be conducted on more countries so that their experiences can be used to better understand the business phenomenon from a global perspective. Originality/value This study is one of few studies to adopt automated textual analysis and QCA to examine the exhibited sentiments when public companies reported their financial performance during the COVID-19 pandemic.

show abstract

A content analysis of narrative COVID-19 disclosure in Omani Islamic banks

Cited by 4 publications

References 0 publications

Audit Committees and COVID-19-Related Disclosure Tone: Evidence from Oman

Audit Committees and COVID-19-Related Disclosure Tone: Evidence from Oman

Covid-19 disclosure: do internal corporate governance and audit quality matter?

An exploratory study that uses textual analysis to examine the financial reporting sentiments during the COVID-19 pandemic

Contact Info

Product

Resources

About