The Effect of Key Audit Matters Disclosure on Stock Prices and Trading Volumes: Evidence from Listed Companies in the Egyptian Stock Exchange

Authors

M. Z. Metwaly, Department of Accounting, Faculty of Commerce, Suez Canal University, Suez, EgyptFollow
S. A. Difalla, Department of Accounting, College of Business Administration in Hawtat Bani Tamim, Prince Sattam Bin Abdulaziz University, AlKharj 11942, Kingdom of Saudi Arabia\\ Department of Accounting, Faculty of Commerce and Business Administration, Helwan University, Helwan, EgyptFollow
H. A. Salem, Higher institute of Marketing, Commerce and Information Systems, New Cairo, 1st settlement, Cairo, EgyptFollow

Author Country (or Countries)

Egypt

Abstract

The research aims to examine the effect of key audit matters (KAMs) on the stock prices and stocks trading volume and audit report. The research’s findings are based on an empirical study of 300 firm-year observations from joint stock corporations registered in the Egyptian stock Exchange that are included in (EGX100) index. The researchers selected a sample of those corporations (75 corporations) distributed over several different economic sectors for 4 years. The findings of this research reached that there is a significant effect of key audit matters disclosure on stock prices, there is a significant effect of key audit matters disclosure on trading volume, and there is a significant effect of key audit matters disclosure on audit lag.

Digital Object Identifier (DOI)

http://dx.doi.org/10.18576/jsap/120237

Recommended Citation

Z. Metwaly, M.; A. Difalla, S.; and A. Salem, H. (2023) "The Effect of Key Audit Matters Disclosure on Stock Prices and Trading Volumes: Evidence from Listed Companies in the Egyptian Stock Exchange," Journal of Statistics Applications & Probability: Vol. 12: Iss. 2, Article 38.
DOI: http://dx.doi.org/10.18576/jsap/120237
Available at: https://digitalcommons.aaru.edu.jo/jsap/vol12/iss2/38