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Related party transactions disclosure in the emerging market of the United Arab Emirates

Author

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  • Walaa Wahid ElKelish

Abstract

Purpose - This paper aims to measure the extent of related party transactions disclosure and investigates their determinants across all listed companies in the United Arab Emirates (UAE) stock market during 2010 to 2012. Design/methodology/approach - An index was manually constructed for related party transactions disclosure in accordance with International Financial Reporting Standards (IFRS) (IAS 24) using company financial statements. Findings - Empirical results show relatively low level of related party transactions disclosure in the UAE emerging market. Furthermore, the multiple regression analysis (OLS) shows that related party transactions disclosure has significant relationships with the number of board members, audit quality, block-holders’ ownership, company size, leverage and product market competition. The multiple regression analysis (OLS) also highlights that industry type plays a significant and crucial role in disclosure levels across companies. Research limitations/implications - This paper does not control for some corporate governance mechanisms such as audit committee characteristics. Practical implications - This paper provides useful guidelines for several stakeholders including policy makers, accounting standard setters and corporate managers. Originality/value - IFRS (IAS 24) standards were used to measure the strength of related party transactions disclosure. In addition, several variables were tested such as corporate governance mechanisms, ownership structure and product market competition on related party transactions disclosure over time; in an emerging market such as the UAE.

Suggested Citation

  • Walaa Wahid ElKelish, 2017. "Related party transactions disclosure in the emerging market of the United Arab Emirates," Accounting Research Journal, Emerald Group Publishing Limited, vol. 30(4), pages 362-378, November.
    • Handle: RePEc:eme:arjpps:arj-10-2014-0091
    DOI: 10.1108/ARJ-10-2014-0091
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    Citations

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    Cited by:

    1. Shan, Yuan George, 2019. "Do corporate governance and disclosure tone drive voluntary disclosure of related-party transactions in China?," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 34(C), pages 30-48.
    2. Tsalavoutas, Ioannis & Tsoligkas, Fanis & Evans, Lisa, 2020. "Compliance with IFRS mandatory disclosure requirements: A structured literature review," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 40(C).
    3. Abdul Rasheed P C & T. Mallikarjunappa & K.T. Thomachan, 2019. "Promoter Ownership, Related Party Transactions and Firm Performance: A Study Among Selected Companies in India," FIIB Business Review, , vol. 8(3), pages 205-217, September.

    More about this item

    Keywords

    Emerging markets; Disclosure; UAE; IFRS; Related party transactions; M40; M41;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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