The Impact of Ownership Structure on The Evaluation Score of Accounting Disclosure of ESG Sustainability Practices: An Applied Study

This research investigates the impact of  ownership structure  on the evaluation score of accounting disclosure of ESG practices as a whole, and for each of ES dimensions together, and for the corporate governance dimension separately. This research was applied to sample of non-financial companies listed in the S&P/EGX ESG Index, for which data was available for the full period (2019-2023). Using panel data regression analysis  the research results showed that the percentage of companies' commitment regarding disclosure of ESG practices as a whole was (42.8%), while regarding disclosure of ES practices together was (30.4%), and regarding corporate governance was (54.5%). The results also showed a significant positive effect of the foreign ownership structure, and the lack of a significant effect of the ownership concentration mechanism on the degree of accounting disclosure assessment of ESG practices  in light of the lack of significance of both company size and profitability. There was also a significant positive effect of both the foreign ownership structure and the ownership concentration mechanism on the degree of accounting disclosure assessment of both ES dimensions in light of the positive significance of the company's profitability and the lack of significance of the company's size. Finally, there was a significant positive effect of the foreign ownership structure and a significant negative effect of the ownership concentration mechanism on the degree of accounting disclosure assessment of the governance dimension in light of the positive significance of the company's size and the lack of significance of the company's profitability.