This study examines the informativeness of fundamental financial information to three levels of market-to-book (MB) ratio: high MB firms, medium MB firms, and low MB firms. In general, the results indicate that the financial ratios (as co-integrated financial information) are relatively quite...

Purpose: The banking sector in the MENA region is exposed to financial risks that originate from both the internal and external environment. Related studies in the literature have reached inconclusive determinants of the overall risks to banks. This paper examines the robustness of the...

This paper examines the effects of institutional quality on firm-level financial performance. The data include non-financial firms listed in stock exchanges in G8 and MENA countries. The total number of firms in the G8 and MENA is 347 and 389, respectively, covering the period 2017-2020. The...

Purpose: the paper aims at examining the existence of herding behaviour in two opposite market condition: bullish and bearish. Design/method/approach: Christie and Huang (1995) and Chang et al. (2000) Methods are used in the study. The sample includes daily and monthly data of listed companies...

The objective of this paper is to (a) present an empirical evidence that explains bank internal financial ratios that influence capital adequacy ratio, (b) stress testing the impact of Basel III capital adequacy requirements on Egyptian banks, and (c) offer a road map, through a sensitivity...

Purpose – This study has two main objectives: (a) to examine the financial aspects of high versus low ranked firms in the Corporate Responsibility Index in Egypt, and (b) to construct a Z score model to discriminate between high and low ranked firms in the Corporate Responsibility...

This paper examines three possible explanations for firm growth: (1) a firm grows according to the growth of sales revenue, (2) a firm grows according to cost savings, and (3) a firm grows according to the two factors simultaneously; that is, increasing sales by saving costs. This paper uses...

This paper focuses on the factors that affect location decisions of multinational firms in the French regions in terms of the type of organizational structure and location characteristics. The objective is to examine the significance of the factors that affect firms’ choice of location and the...

Purpose: The main objective of this study is to examine whether firms follow the financing hierarchy as suggested by the Pecking Order Theory (hereinafter POT). The External Funds Needed (hereinafter EFN) Model offers a financing hierarchy that can be used for examining the POT. As far as the...

Purpose The financing of growth of the firm is quite sensitive to fluctuations in Fund rates. This requires a treatment of Fund rates being subject to structural shifts. This paper examines the impact of threshold Federal Fund Rate (FFR), being a proxy for Federal Reserve policy, on different...