This paper examines the effect of institutional changes on corporate financial performance. The effect is examined into this dimension: the effect of World governance indicators (WGIs) on earnings yield. The paper includes the non-financial firms listed in the stock exchanges of the MENA region countries: Bahrain, Egypt, Iraq, Jordan, Lebanon, Morocco, Oman, Saudi Arabia, Tunisia and United Arab Emirates. The total number of firms included in the study was 301 for MENA countries, the data are collected for the period 2018 – 2020. Overall, the results revealed that there is a significant and positive association between the WGIs and the corporate profitability in the MENA region.
El-Sehwagy, A., & Bek-heit, M. B. E. D. (2022). World Governance Indicators and Corporate Profitability in the MENA Economies. Alexandria Journal of Accounting Research, 6(3), 35-56. doi: 10.21608/aljalexu.2022.268025
MLA
Ahmed El-Sehwagy; Mohamed Bahaa El Din Bek-heit. "World Governance Indicators and Corporate Profitability in the MENA Economies". Alexandria Journal of Accounting Research, 6, 3, 2022, 35-56. doi: 10.21608/aljalexu.2022.268025
HARVARD
El-Sehwagy, A., Bek-heit, M. B. E. D. (2022). 'World Governance Indicators and Corporate Profitability in the MENA Economies', Alexandria Journal of Accounting Research, 6(3), pp. 35-56. doi: 10.21608/aljalexu.2022.268025
VANCOUVER
El-Sehwagy, A., Bek-heit, M. B. E. D. World Governance Indicators and Corporate Profitability in the MENA Economies. Alexandria Journal of Accounting Research, 2022; 6(3): 35-56. doi: 10.21608/aljalexu.2022.268025
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