Browsing by Author "El-Deeb, Mohamed Samy"

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The effect of corporate governance, dividend policy and informativeness of risk disclosure on the firm value: Egyptian evidence
(Inderscience Enterprises Ltd., 2022) Ismail, Tariq; El-Deeb, Mohamed Samy
This paper aims at investigating the effect of corporate governance mechanisms, dividend policy and the risk disclosure level on firm value in Egypt using a sample of annual reports of listed companies (EGX30) of the years 2013–2019. The findings suggest that: 1) the CEO duality shows a significant positive effect on the firm value, while the board independence and board size have an insignificant effect on the firm value; 2) risk disclosure level allows investors to better predict future earnings growth. Furthermore, dividend policy and risk disclosure informativeness are significantly affecting the firm’s ability to raise money and its value in a positive direction. This paper sheds lights on the main obstacles and benefits that can face the Egyptian listed companies in complying with the Egyptian code of the corporate governance and the disclosure requirements raised by the Egyptian Financial Regulatory Authority, and its magnitude on the firm value. Copyright © 2022 Inderscience Enterprises Ltd.
The Impact of Board Characteristics on the Disclosure of the Forward-Looking Evidence from the Egyptian Stock Market
(Alexandria Univesity, 2019-09) El-Deeb, Mohamed Samy; Elsharkawy, Lamis Mustafa
Purpose - The paper aims to empirically test the impact of the corporate governance mechanisms related to the board characteristics on the forward-looking disclosures of companies listed in the Egyptian stock market. Design/methodology/approach- This study used Board size, Board independence, Board CEO duality, and gender diversity as measures for corporate governance mechanism in relation to the board characteristics. Forward looking disclosures were investigated using a checklist that included 24 items distributed over 4 categories of disclosure (1- environment around the company, 2- Goals, strategies and business policies, 3- organization, management and corporate structure and 4- Financial issues) through a content analysis where a score was calculated by adding the sum of disclosed items in the company’s annual report and then divide them by the total number of items. Two control variables were used: firm size which was measured by the natural logarithm of total assets and auditor type which is a dummy variable taking a value of 0 for non-Big 4 audit firms and 1 for Big 4). The sample included the most active 30 companies (EGX30) in the Egyptian stock exchange market covering the period from 2010 till 2017. Data were analyzed using regression analysis.FindingsThe research findings showed a positive significant correlation between that CEO duality and the forward-looking disclosure, and a negative significant correlation between Board gender diversity and the disclosure of forward-looking information. The content analysis results for the company’s annual reports indicated that management is disclosing more qualitative forward-looking disclosures than the quantitative forward-looking disclosures. In addition, results showed that the auditor type and board company size have a positive impact on the disclosure of the forward-looking information. In contrast, the results did not show a significant correlation between board independence and the board size with the disclosure of the forward-looking information.
The impact of COVID-19 on financial structure and performance of Islamic banks: a comparative study with conventional banks in the GCC countries
(Emerald, 28/02/2022) El-Chaarani, Hani; Ismail, Tariq H; El-Abiad, Zouhour; El-Deeb, Mohamed Samy
Purpose – The aim of this paper has twofold: (1) to explain and compare the financial evolution of Islamic and conventional banking sector in the Gulf Cooperative Council (GCC) countries before and during the COVID-19 pandemic and (2) to explore the key success factors that might affect Islamic and conventional banks performance before and mainly during COVID-19 pandemic period. Design/methodology/approach – Orbis Bank Focus database and annual financial reports are used to collect financial information of Islamic and conventional banks in GCC countries over four years: 2017, 2018, 2019 and 2020. Descriptive statistics, T-test, multiple regression, and 2SLS and GMM models are employed to analyze the financial structure and performance of Islamic and conventional banks before and during the COVID-19 pandemic period. Findings – Results of this study reveal that (1) there is a significant difference between Islamic banks and conventional banks during the crisis of COVID-19, where the conventional banks have presented a higher level of financial performance and financial liquidity than their Islamic counterparts, (2) conventional banks have revealed higher capacity to manage their financial risk during the crisis period, and (3) a high level of non- performing loan, high inflation rate and high percentage of non-important cost have a negative impact on the financial performance of Islamic banks mainly during the pandemic period of COVID-19. However, the result indicates that a high level of liquidity risk increased the performance of Islamic banks but this impact falls sharply during the pandemic period. Originality/value – This study provides information that supports investors, regulators and executive managers in GCC countries. A well-structured balance sheet would improve the financial performance and risk management of the banking sector in GCC countries, especially in times of crisis and pandemics.
LIQUIDITY, ASSET UTILIZATION, DEBT RATIO AND FIRM PERFORMANCE: EVIDENCE FROM EGYPT
(October university for modern sciences and Arts (MSA), 2022-12) Ismail, Tariq Hassanin; El-Deeb, Mohamed Samy; Rezk, Rana Ahmed; Hemat, Anas
How well firms handle liquidity and asset utilization determines their development, performance, and survival. Different liquidity and asset utilization methods impact firms' bottom lines. While most studies have studied the influence of liquidity and asset utilization on performance independently, this research tests both factors using debt ratio as a mediating variable. The investigation used secondary data from 50 Egyptian listed firms' annual reports from 2019-2021. Data were analyzed using descriptive statistics, correlation, and regression. The study indicated that using tangible assets and current assets (liquidity) affected corporate performance. The debt ratio does not affect asset utilization, liquidity, and company performance. This study may assist management and financial experts in examining the company's growth characteristics, liquidity and asset utilization, business risk, and financial performance to anticipate its future worth.
performance Effects of organizational climate, role clarity, turnover intention, and workplace burnout on audit quality and performance
(Emerald Group Publishing Ltd., 2023-02) Hegazy, Mohamed; El-Deeb, Mohamed Samy; Hamdy, Hosny Ibrahim; Halim, Yasser Tawfik
Purpose – This paper aims to examine the effect of the auditors’ burnout determinates on audit quality and performance. It also analyses whether the demographic characteristics of gender, age group, education and job positions affect auditors’ decisions for burnout, audit quality and performance. Design/methodology/approach – A questionnaire was distributed on a sample of auditors in the top ten auditing firms in an emerging market including the Big 4. Factor analysis, correlation matrix and structural equation modeling were used for the analysis of the collected data and testing the developed hypotheses. Findings – The results show that burnout has negative consequences for both the auditor and the auditing firm. While good organizational climate has a negative significant association with audit quality, nonethical decisions and audit performance, role clarity has positive significant association with the audit quality and performance and has an insignificant association with nonethical decisions. Also, turnover intention has significant positive association with nonethical decision, audit quality and performance. Originality/value – This research is among the first to focus on auditor’s burnout determinates on audit quality and performance in an emerging market characterized by different socioeconomic, political and cultural factors compared with those of developed markets. Auditors, regulators and professional policymakers can benefit from the results of this research.