The Impact of the Characteristics of the Board of Directors on the volatility of Stock Returns and Its Reflection on The Going Concern of Companies in The Light of the Russian-Ukrainian Crisis: An Applied Study

The study aimed to clarify the impact of the characteristics of the board of directors (independence - women's representation on the board of directors- financial experience- the duration of the executive director's stay) on the volatility of corporate stock returns and its reflection on the Going Concern of companies during the period of the Russian-Ukrainian crisis, for a sample of non-financial joint stock companies in the stock market. The Egyptian financial institutions included in the (EGX100) index, during the fiscal years (2018, 2019, 2020, 2021) using the (SPSS V.25) program. Management, the period of stay of the CEO and the volatility of stock returns, with a significant inverse correlation between the volatility of stock returns and the Going Concern of companies. The board of directors and financial management) for the sample companies (68) companies, according to which the activation of the characteristics of the board of directors reduces the volatility in stock returns and supports the Going Concern of companies considering the financial crisis. The study recommended that the Financial Supervisory Authority follow up all developments and professional publications to activate the characteristics of the board of directors most in need of crisis conditions with the obligation to apply them in light of the interest in corporate governance in the Egyptian stock market with the issuance of an Egyptian or international accounting standard proposed to achieve scientific and applied compatibility between accounting and politics At the local and international levels, and suggesting building a general theory of political accountability.