"The impact of financial risks disclosure level on the cost of debt: An Empirical study on Egyptian Listed Companies" | ||||
| مجلة المحاسبة والمراجعه لاتحاد الجامعات العربيه | ||||
| Volume 14, Issue 2, August 2025, Page 134-163 PDF (1.34 MB) | ||||
| Document Type: ابحاث اصیلة | ||||
| DOI: 10.21608/naus.2025.391358.1175 | ||||
 View on SCiNiTO | ||||
| Author | ||||
محمد صابر نادي محمد 
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| شعبة محاسبة انجليزي كلية التجارة جامعة بني سويف | ||||
| Abstract | ||||
| Abstract This study aimed to measure the impact of the level of accounting disclosure of financial risks on the cost of debt. To achieve this, the study was applied to companies listed on the EGX100 index. The sample consisted of 63 companies, after excluding banks and financial institutions due to their unique nature, over the period from 2019-2023. An index was constructed to measure the level of financial risk disclosure, comprising 22 items, after reviewing relevant accounting standards and prior studies. As for the cost of debt, it was estimated using the ratio of financing expenses to total debt. The study found a high level of risk disclosure in the financial reports of EGX100 companies listed on the Egyptian Exchange, indicating a commitment from a significant portion of these companies to risk disclosure. This may be attributed to the desire of many companies to achieve high levels of transparency out of concern for stakeholders. The study also found a significant inverse relationship between the level of risk disclosure and the cost of capital. Furthermore, the results indicated a significant negative impact of both company size and profitability as control variables on the cost of debt. Key words: Level of Financial Risk Disclosure, Cost of Debt, Company Size. | ||||
| Keywords | ||||
| Key words: Level of Financial Risk Disclosure; Cost of Debt; Company Size | ||||
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