Browsing by Author "Ismail, Tariq H"

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    Do related party transactions afect the relationship between political connections and frm value? Evidence from Egypt
    (Springer, 2022-05) Ismail, Tariq H; El‑Deeb, Mohamed; Halim, Yasser Tawfk
    This paper aims to ( i ) investigate the impact of political connections ( PC ) and related party transactions ( RPTS ) on the firm value ( FV ) , and ( ii ) test the moderating effect of RPTS on such relationship , while controlling for the firms ' corpo rate governance mechanisms . Based on 315 observations from publicly listed firms in Egypt , our results reveal that ( 1 ) there is a positive relationship between PC and the FV , ( ii ) there is a negative relationship between RPTS and the FV , and ( iii ) the existing of RPTS as a moderating variable enhances the impact of the politically connected companies on the FV . The findings suggest that the Egyptian firms are much affected by the politically connected board of directors or owners , and this significantly exists when associated with related party transactions , despite that , the corporate governance practices could mitigate such effects
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    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.
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    Stock option fraud prevention in Islamic country: does corporate governance matter?
    (Emerald Group Publishing Limited, 6/28/2013) Abdelmoniem, Zakia; Ismail, Tariq H; Hasnan, Suhaily; Said, Jamaliah
    This paper aims to investigate the extent to which companies in one of the Islamic culture countries, Egypt, are complying with the Islamic implementation of the Anglo‐Saxon model of corporate governance and testing the impact, if any, of such compliance on mitigating of stock option fraud incentives. Design/methodology/approach – A logistic regression model is used to examine the effects of board of directors, audit committee, ownership structure and other firm characteristics on the likelihood of stock option fraud. The analysis is based on the data for stock option grants obtained during the period from 2006 to 2009. Findings – The results suggest that the rate of compliance with the Islamic implementation of the Anglo‐Saxon model of corporate governance in Egyptian public‐held companies is low. Weak corporate governance allows executives to exercise greater influence over the board of directors …