Adherence to Corporate Governance Principles and Its Impact on the Quality of Financial Reporting: A Field Study from the Perspective of Employees in the Libyan Capital Market – Tripoli

Abstract

This study aimed to identify the level of commitment to corporate governance principles and examine its relationship with financial reporting quality from the perspective of employees at the Libyan Stock Market in Tripoli. The study adopted a descriptive-analytical approach and used a questionnaire to collect data from a sample of 34 respondents. The responses were analyzed using SPSS and appropriate statistical techniques. The findings indicated a high level of commitment to corporate governance principles and a positive perception of financial reporting quality. The results also revealed a positive and statistically significant relationship between commitment to corporate governance principles and financial reporting quality from the respondents’ perspective. Based on these findings, the study recommends strengthening compliance with corporate governance rules, supporting disclosure and transparency practices, enhancing audit and oversight mechanisms, and promoting adherence to accounting standards to support the quality and reliability of financial reporting.