A review of the contextual factors associated with the North African business environment: descriptive historical study

Article


Alnaas, Ali Abdullah, James, Kieran and Scott, Albert H. S.. 2013. "A review of the contextual factors associated with the North African business environment: descriptive historical study." African Journal of Accounting, Auditing and Finance. 2 (1), pp. 9-26.
Article Title

A review of the contextual factors associated with the North African business environment: descriptive historical study

Article CategoryArticle
AuthorsAlnaas, Ali Abdullah (Author), James, Kieran (Author) and Scott, Albert H. S. (Author)
Journal TitleAfrican Journal of Accounting, Auditing and Finance
Journal Citation2 (1), pp. 9-26
Number of Pages18
Year2013
Place of PublicationOlney, Bucks. United Kingdom
Abstract

This study compares the contextual factors (culture, political, legal, economic system, and stock exchanges) in three North Africa countries (Egypt, Morocco, and Tunisia). The contextual factors of these countries are very similar being Islamic culture and French law. These countries have similarities in their recent histories. They were occupied by European countries which resulted in English and French languages being spoken in this region. Dictatorial governments (regardless of the types of governments – socialist or otherwise) have also controlled these countries for considerable periods of time since independence. In line with international society, an openness policy has been adopted and many reforms have been made in the stock exchange of these countries. However, much work remains to be done. Although contextual factors are similar, each country is in a slightly different place today in regards economic and capital markets' development. Policy-makers can learn from the experiences of these three NA countries as the obstacles and backgrounds of these three countries are similar. This is the first accounting paper of which we are aware that studies these three NA countries.

Keywordsaccounting reforms; capital market; culture; economic system; Egypt; legal system; Morocco; North Africa; political system; Tunisia
ANZSRC Field of Research 2020430318. Middle Eastern and North African history
480504. Legal institutions (incl. courts and justice systems)
350104. International accounting
Public Notes

Copyright © 2013 Inderscience Enterprises Ltd. Published version deposited in accordance with the copyright policy of the publisher. Publisher copyright and source must be acknowledged.

Byline AffiliationsSchool of Accounting, Economics and Finance
SeriesAfrican Journal of Accounting, Auditing and Finance
Institution of OriginUniversity of Southern Queensland
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