الفهرس 
The General Framework of the StudyOnly 14 pages are availabe for public view
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Abstract
Purpose – The main purpose of this thesis is to measure the readability levels of annual reports in the Egyptian firms. In addition, exploring the relationships between the readability levels of financial reporting provided annually by Egyptian corporations and investor response to those reports. Methodology/Approach – The researcher depended upon the positive approach in analyzing the problem, explaining its causes, and predicting the behavior of this phenomenon in the future. The sample consists of 48 firms across 10 different sectors during the period from 2018 to 2020, and the study used multiple regression analysis to test the main hypotheses, also the researcher adopted the Lix formula for measuring readability level, which suits the Egyptian context. Findings – The results indicated that the readability levels of financial reporting provided by the Egyptian-listed companies are significantly different. In addition, the results demonstrated that there is a positive impact of the firm size and the profit on the level of financial reporting readability. Further, the findings demonstrated that there is a negative impact of audit quality on the level of financial reporting readability. Finally, the findings showed a positive impact of financial reporting readability level on the investors’ response. Originality/Value – This thesis contributed to the literature by focusing particularly on the financial reporting readability levels in Egypt and providing practical implications to stakeholders, investors, and other interested parties as they will be better able to detect the managerial obfuscation and easily understand the content of narrative annual reports. Research Limitations – This thesis has its own limitations. First, annual report complexity is studied as a whole and does not consider the nature of the information. Second, the study concentrates on illustrating the impact of only three determinants of the readability level. Keywords – Readability; Plain English; Textual analysis; Readability measures & Investor’s Response.