The Impact of Board Governance on the Value Relevance of Accounting Information: Empirical evidence from non-financial companies listed in Egyptian Stock exchange.
The research aims to study and test the impact of Board Governance, as a modified variable on thevalue relevance of accounting information. in a Sample Non-Financial Companies Listed in the Egyptian Stock Exchange (EGX) during the period from 2015 to 2018. The results of Fundamental Analysis concluded the existence of Positive significant effect of accounting information (book value of equity and earnings per share) on stock prices, as an indicator for the firm value. and showed a significant positive effect of board governance determinants on therelationship between earnings per share information and stock prices, as an indicator for the firm value. and also, there is a significant negative effect of board governance determinants (board size, board independence, board meetings) on therelationship between book value of equity information and stock prices, as an indicator for the firm value. and there is a non-significant effect of duality of the CEO, and board gender diversity on therelationship between book value of equity information and stock prices, as an indicator for the firm value. As for the results of other Analyses, there is a direct value relevance of all board governance determinants (as a control variables), except, duality of the CEO, beside accounting information, as an indicator for the firm value. And there is a significant effect of company size, non-significant effect of audit quality (as additional control variables) on stock prices, on the relationship effect of board governance determinants beside accounting information, as an indicator for the firm value. Furthermore, there is not any difference in results of Fundamental Analysis, with various measurement tools of modified and independent variables in this research (board governance, stock prices).
Ali, S. A. S., & Shobeb, E. F. S. (2023). The Impact of Board Governance on the Value Relevance of Accounting Information: Empirical evidence from non-financial companies listed in Egyptian Stock exchange.. Alexandria Journal of Accounting Research, 7(1), 247-320. doi: 10.21608/aljalexu.2023.292544
MLA
Saleh Ali Saleh Ali; Eid Fathy Shabaan Shobeb. "The Impact of Board Governance on the Value Relevance of Accounting Information: Empirical evidence from non-financial companies listed in Egyptian Stock exchange.". Alexandria Journal of Accounting Research, 7, 1, 2023, 247-320. doi: 10.21608/aljalexu.2023.292544
HARVARD
Ali, S. A. S., Shobeb, E. F. S. (2023). 'The Impact of Board Governance on the Value Relevance of Accounting Information: Empirical evidence from non-financial companies listed in Egyptian Stock exchange.', Alexandria Journal of Accounting Research, 7(1), pp. 247-320. doi: 10.21608/aljalexu.2023.292544
VANCOUVER
Ali, S. A. S., Shobeb, E. F. S. The Impact of Board Governance on the Value Relevance of Accounting Information: Empirical evidence from non-financial companies listed in Egyptian Stock exchange.. Alexandria Journal of Accounting Research, 2023; 7(1): 247-320. doi: 10.21608/aljalexu.2023.292544
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