الفهرس 
أثر تعقد التقارير المالية على تكلفة رأس المال دراسة تطبيقية على الشركات المدرجة بالبورصة المصري
المستخلصيوجد فقط 14 صفحة متاحة للعرض العام
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المستخلص
Recently, interest in accounting disclosure has increased, whether it was
mandatory or voluntary. There have been numerous academic studies that
discussed the positive aspects of the developments that occur in accounting
disclosures but studies that discussed the negative aspects of the development
of accounting disclosures are considered rare. the current study aims to test the
effect of financial reporting complexity on Egyptian firms’ cost of capital. The
empirical data was applied to a sample of 70 listed firms in EGX100 index during
the period (2015: 2020); by using (OLS) regression analysis.
The financial reporting complexity was measured by two scales which are the
number of financial reports’ pages (information overload) and Lix index
(readability). The cost of capital was measured by (Omran & Pointon, 2004)
model (cost of equity capital), the Ratio of interest expense to average total
debt after taking tax savings into account (cost of dept capital). The two types
of capital cost were gathered in the weighted average cost of capital formula.
The results of the study indicated that there is no significant effect of low
readability on neither cost of equity capital nor cost of debt capital. But, there
is a significant negative effect of low readability of financial reports on the
weighted average cost of capital which means that; Low readability leads to
increase in weighted average cost of capital. However, there is no significant
effect of information overload in financial reporting on cost of debt capital, but
there is a significant negative effect of information overload in financial
reporting on both cost of equity capital and the weighted average cost of
capital.