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Disclosure of Financial Reports in Libyan Industrial Companies - Research Proposal Example

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Seeking to understand economic development and the increased necessity of the disclosure of industrial financial reports in the Libyan context, this research proposal aims to provide a thorough and comprehensive introduction to a new Libyan phenomenon. …
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Disclosure of Financial Reports in Libyan Industrial Companies
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Download file to see previous pages The Libyan state has recently been welcomed into the international community following the decision of President al-Gaddafi to abandon his attempts to achieve nuclear weaponry and the result has been diplomatic openness on a variety of fronts. Libya has been the focus of much international scrutiny following the high-publicized released of convicted Lockerbie mastermind Abdel Baset al-Megrahi from a Scottish prison early last month and the eyes of the world are once again on Libya, a former pariah state according to many leaders of the Western world but today a partner in economic development and prosperity. Thus, accusations that Mr. al-Megrahi was released by Scottish authorities to facilitate economic relations between Great Britain and Libya emphatically demonstrate the important economic ties between Libya and the rest of the modern, developed world. Seeking to understand economic development and the increased necessity of the disclosure of industrial financial reports in the Libyan context, this research proposal aims to provide a thorough and comprehensive introduction to a new Libyan phenomenon. As Libya opens up its markets to the forces of liberal economics and seeks to compete with Western actors on the economic stage, the issues of openness and transparency will increase. How salient are issues surrounding the disclosure of industrial financial reports in Libya today? Is Libya prepared for increased transparency in the realm of financial reporting? Are industrial companies in Libya equipped to fully disclose their personal financial records? Is full disclosure relevant in the Libyan context? (Cowell and Sulzberger, 2009; Otman & Karlberg, 2007)
These questions and many more will be elaborated upon further in this analysis. This will be followed by a description of our methodology and questions surrounding measurement and the coding of variables.  ...Download file to see next pagesRead More
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