Browsing by Author "Abdelmoneim, Zakia"

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BOD characteristics and their impact on the link between ESG disclosure and integrated reporting disclosure quality: a study of Egyptian non‑fnancial frms
(Springer open, 2024-01) Abdelmoneim, Zakia; El‑Deeb, Mohamed Samy
This study examines the impact of environmental, social, and governance (ESG) disclosure on integrated reporting disclosure quality (IRDQ) and the moderating role of board of directors (BOD) characteristics. Prior research on ESG dis‑ closure and IRDQ has been limited, especially in emerging economies like Egypt. Furthermore, the infuence of BOD attributes has been underexplored. This study aims to address these gaps. A sample of 34 Egyptian non-fnancial com‑ panies under ESG disclosure mandates from 2015 to 2021 is analyzed using regression analysis. The results show a sig‑ nifcant positive association between ESG disclosure and IRDQ. Furthermore, BOD gender diversity and size are found to positively moderate the ESG–IRDQ relationship. These fndings highlight that appointing more women on boards and increasing board size can improve IRDQ when frms engage in ESG disclosure. However, the small sample size of ESG-mandated companies and inherent limitations in constructing disclosure indices constrain the generalizability of results. Overall, this study provides timely empirical evidence on ESG adoption within the unique Egyptian context and its infuence on integrated reporting (IR). It contributes to literature by identifying specifc BOD characteristics that enhance IRDQ. The results ofer practical insights into how companies, regulators, and stakeholders can leverage board diversity and size as well as ESG disclosure to improve IRDQ.
COVID-19 implications for corporate social responsibility, corporate governance and profitability in banks: The case of Egypt
(BUSINESS PERSPECTIVES, 2021-12) Abdelmoneim, Zakia; Elghazaly, Mahmoud
This paper aims to measure the relationship between Corporate Social Responsibility (CSR), Corporate Governance (CG), and profitability in listed Egyptian banks. COVID-19 is expected to affect this relationship if the year 2020 is taken. Profitability is measured by earnings per share (EPS), return on equity (ROE), and return on as- sets (ROA). CSR is measured as a dummy variable and CG is measured by the chief executive officer (CEO) duality. There are three control variables, such as the Islamic variable, which classifies a bank into Islamic or conventional, bank age, and bank size. The paper uses multiple regression and logistic regression models. The final sample is 12 banks consisting of 9 conventional banks and 3 Islamic banks (IBS). The results show no impact of profitability on CSR. The results prove a significant positive impact of profitability on CG; there is a significant negative relationship between CEO duality and EPS at a 0.05 level. CSR has a significant impact on CG at a 0.001 level. The results show a clear impact of COVID-19 on the impact of CSR on profitability only when measured by ROA at 0.001 in the period 2014–2019.
The impact of bank performance and economic growth on bank profitability: CAMEL model application in middle-income countries
(Business Perspectives, 2023-09) Abdelmoneim, Zakia; Yasser, Mai
This paper aims to study the impact of both bank performance and economic growth on bank profitability in 8 middle-income countries from the Middle East and North Africa (MENA) region and MINT countries using the Generalized Method of Moments (GMM) model. Bank profitability is measured by return on assets (ROA) and return on equity (ROE), net interest margin (NIM) is measured by CAMEL mod- el, and economic growth is measured by gross domestic product (GDP) growth. The sample period ranges from 2000 to 2020, and data are extracted from the World Bank financial indicators and database. This paper is supported by the financial intermedia- tion theory. By comparing both MINT and MENA regions, the results show that in the MINT region, ROA is affected most by both asset management and capital adequacy ratio (CAR), while NIM is affected by asset management, liquidity, and management. Regarding the MENA region, ROA and NIM are affected by CAR only. No relationship was found between ROE and any of the CAMEL determinants in both regions. The results show superior performance for MINT than MENA; strong and active capital, increment in assets, credits, and deposits, and enhancement in bank profitability that is reflected in economic growth progress. Both MENA and MINT regions’ profitability (ROA and ROE) is affected by GDP, so their economies are restructuring very well and their banking industries are expected to grow rapidly.
THE IMPACT OF ENTERPRISE RISK MANAGEMENT DISCLOSURE AND FIRM VALUE IN EGYPTIAN PUBLIC AND PRIVATE SECTORS:
(MSA-Management science journal, 2022) Abdel-Azim, Mohamed Hassan; Fekry, Mostafa Abdelrahman; Abdelmoneim, Zakia
The main objective of this research is to investigate the relationship between enterprise risk management (ERM), risk disclosure and firm value. The research aims to compare the public and private sectors in Egypt. The sample consists of 30 non-financial public companies and 30 non-financial private companies within the period 2011 to 2021. The results indicated an insignificant positive relationship between ERM and firm value for both the public and private sectors. The results found a significant positive relationship for the private sector and a significant positive relationship between ERM and risk disclosure for the public sector sample. The results show preferable values for private than public for the variables; ERM and risk disclosure score. That means that the private sector companies give more consideration to the ERM and risk disclosure than the public sector
Using managerial and market tools to measure the impact of acquisition operations on firm performance
(BUSINESS PERSPECTIVES, 3/23/2021) Abdelmoneim, Zakia; Fekry, Mostafa Abdelrahman
This paper aims to investigate and evaluate the effect of pre- and post-mergers and acquisitions (M&A) on non-financial Egyptian firms’ performance using a balanced scorecard (BSC), as well as to empirically investigate the impact of M&A on share- holder wealth using cumulative abnormal returns (CAR). The paper is limited to non-financial firms listed on the Egyptian stock market (EGX) that have undergone acquisition operations during the time specified in the paper from 2003 to 2016. Four perspectives for the BSC are assessed before and after the acquisition operations to evaluate performance. The final sample for the BSC appraisal is 12 companies for 12 acquisition operations, while the sample for shareholders’ wealth consists of 10 compa- nies. The difference in the sample is that some companies became out-of-counter after the M&A process. Cumulative differential analysis and graph observation show prefer- able values for post-acquisition operations versus pre-acquisition operations for the three non-financial perspectives, namely Customer satisfaction, Learning and growth, and Internal business process, and for two financial perspectives, namely Sales and Profitability. The results show preferable values for pre-acquisition operations for two financial perspectives: Liquidity and Market value. The T-test results failed to estab- lish a relationship between M&A and enhancing BSC perspectives. The results could not find any evidence to support the impact of pre-post M&A on the shareholders’ wealth. The relationship between BSC before and after M&A and CAR is tested using a multiple regression model. The results show a significant relationship only between shareholder wealth and the Learning and growth perspective.