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Disclosure in Financial reports in Industrial Companies in Libya - Research Proposal Example

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The economic development of Libya and the tutelage of Muammar al-Gaddafi over the past forty years has brought this once impoverished North African out of the abject reaches of poverty. Accordingly, Libya has witnessed tremendous economic growth since the military swept the…
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Disclosure in Financial reports in Industrial Companies in Libya
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Download file to see previous pages Additionally, 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 the 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. Seeking to employ a multifaceted qualitative/quantitative analysis, this project aims to utilize both forms of analysis. We will conclude with a concise overview of this important project proposal ...Download file to see next pagesRead More
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