This study examines the effects of the accruals vs. cash flow bases on firm's MB ratio as a proxy for shareholder value. The methodology utilizes the benefits of the ‘partial adjustment model' where it addresses the extent to which the shareholder value adjusts to a target level. The final...

This study examines the extent to which the disclosed fundamental financial information is transparent to shareholders in Egypt's stock market. The methodology employs the partial adjustment model to compare between three cases: disclosed, undisclosed and integrated fundamental financial...

This study examines the informativeness of accounting information to three classes of shareholder value; high, medium and low. The results indicate that shareholder value adjusts positively a target level according to the five categories of financial ratios. This shows a high degree of...

Purpose: This paper uses the event study methodology to analyze the impact of unexpected political event on stocks abnormal returns. The objective is twofold. The first is to reach robust estimates of stocks abnormal returns. The second is to reach robust estimates of the effects of unexpected...

This paper examines the association between firms' debt financing structure and operating performance. The paper focuses on debt as the firms' loans from banks, which is the general trend of debt financing in Egypt. Firms' operating performance is measured by three operating measures. The...

This paper examines the relationships between the changes in the firm's capital structure and their effects on the firm's market value for three different levels of systematic risk. The underlying assumption of signalling is that when a firm changes its capital structure, its market value might...

This paper examines the association between firms' debt financing structure and operating performance. The paper focuses on debt as the firms' loans from banks, which is the general trend of debt financing in Egypt. Firms' operating performance is measured by three operating measures. The...