The Impact of the Quality of Financial Reporting on the Relationship between Corporate Governance and Firm Value"Empirical Study on the Egyptian Listed Companies"

This research aimed to study the impact of the quality of financial reporting (discretionary accruals, accounting conservatism) as structured variables on the relationship between corporate governance and the firm value in the Egyptian listed companies, through: studying the relationship between corporate governance and the firm value without introducing a structured variable, and under the introduction of (quality of financial reporting) as a moderating variable on the relationship.
To achieve this objective, an index was built to measure corporate governance. The quality of the reporting was measured as a moderating variable with discretionary accruals and accounting conservatism, using a sample of 42 listed companies during the period from 2014-2019, and the sample was divided into firms with High and low discretionary accruals, high and low accounting conservatism firms, to examine the effect of the moderating variable.
The results of the research showed a negative relationship between corporate governance and the firm value, and this supports the importance of introducing the quality of reporting as a moderating variable of the relationship, as the results indicated the existence of a moderating effect of the quality of financial reporting measured by discretionary accruals and accounting conservatism on the relationship between corporate governance and the firm value, and thus the relationship Between corporate governance and the firm value depends at the level of discretionary accruals and the degree of application of the accounting conservatism, and this provides evidence that the quality of financial reporting measured by discretionary accruals and accounting conservatism have an impact on the relationship between corporate governance and the firm value..