Faculty Of Management Sciences Research Paper

Permanent URI for this collectionhttp://185.252.233.37:4000/handle/123456789/308

Browse

Now showing 1 - 20 of 285

The impact of logo change on brand loyalty with the mediating role of brand attitude
(Emerald Publishing, 2024-10-06) Ahmed Moustafa Maree; Yasser Tawfik Halim; Hosny Ibrahim Hamdy
Purpose: This research examines the impact of logo changes within rebranding strategies, with a focus on the recent logo transformation of Burger King. Redesigns of logos often reflect shifts in brand strategies and consumer preferences. This study aims to evaluate the effects of logo changes on brand loyalty with the mediating role of brand attitude. Design/methodology/approach: This study investigates the influence of Burger King’s logo change on consumer behavior, specifically regarding brand loyalty. The research involves an analysis of the appropriateness and familiarity of the old and new Burger King logos, based on data collected from 468 Egyptian consumers. Statistical analysis is conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM) to assess the impact of logo changes on consumer loyalty. Findings: The findings indicate that a change in logo can positively affect brand loyalty, particularly when the new logo is perceived as both appropriate and familiar to consumers. Additionally, the study highlights the mediating role of brand attitude, suggesting that favorable brand perceptions enhance the relationship between logo changes and consumer loyalty. Practical implications: The practical implications of this study highlight key strategies for brand managers involved in rebranding efforts and the associated risks of such processes. Ensuring logo appropriateness and maintaining elements of familiarity are crucial to fostering consumer acceptance and loyalty. Originality/value: This study highlights the important role of logo change “logo appropriateness and familiarity,” offering a new perspective on how aligning logos with brand identity and retaining familiar elements can enhance consumer acceptance and loyalty with the presence of brand attitude as a mediator in this relationship.
Evaluating Board Characteristics’ Influence on the Readability of Annual Reports: Insights from the Egyptian Banking Sector
(Multidisciplinary Digital Publishing Institute (MDPI), 2024-11-07) Abdelmoneim Bahyeldin Mohamed Metwally; Mohamed Samy El-Deeb; Eman Adel Ahmed
This study aims to examine the impact of board characteristics (BCs) on banks’ annual reports readability (BARR). Further, it examines whether bank size (BS) moderates the association between BC and BARR. The study employs a sample of 208 bank-year observations from both listed and non-listed banks in the Egyptian stock exchange (EGX), utilizing data spanning from 2016 to 2023. The study employs a random-effect regression model to test the hypotheses and discuss the results. The results suggest that BARR has a significant association with board meetings, gender and cultural diversity. Furthermore, BS played a moderating role in determining the association between BCs and BARR, supporting the second hypothesis. The findings show that the BCs and disclosure quality differ for banks of varying sizes. The findings have practical implications for the Egyptian banking sector, highlighting that board structure is critical to transparency and maintaining public trust. Additionally, the results focus policymakers’ attention on standardizing the contents and structure of banks’ annual reports, with the aim of reducing managers’ manipulation of disclosures and reducing the level of information asymmetry between stockholders, as suggested by the agency theory
Ownership structure and financial reporting integrity:
(Journal of Humanities and Applied Social Sciences : Emerald, 2024-07) Tariq H. Ismail; Mohamed Samy El-Deeb; Raghda H. Abd El–Hafiezz
Purpose – This study examines the correlation between ownership structure (OS) and financial reporting integrity (FRI), with emphasis on the impact of earnings quality (EQ) in the Egyptian context. Design/methodology/approach – The study uses data from 472 firm-year observations of Egyptian publicly listed companies between 2014 and 2021 and carried out descriptive statistics, correlation tests, multiple regression analysis and two-stage least squares (2SLS) to test the hypotheses. Findings –The results revealed that blockholders and institutional ownership significantly enhance reporting integrity through effective oversight and monitoring. The findings underscore the vital role of concentrated OS in overseeing reporting practices and mitigating managerial opportunism, thereby improving the transparency and reliability of financial disclosures in Egypt. Practical implications – The findings enrich the literature on corporate governance and financial reporting quality and have important implications for policymakers, regulators and corporate stakeholders. Originality/value – This work contributes valuable insights on how OS and EQ can bolster FRI, offering crucial information for combating financial crises and facilitating smooth business operations in Egypt.
Board Characteristics Effect on Cost Stickiness Using Earnings Management as a Mediating Variable "Evidence from Egypt" Associate Professor of Accounting College of Management and Technology Arab Academy for Science, Technology and Maritime Transport
(alexandria journal of accounting research, 2021-05) Nevine Sobhy; Abdel Megeid; Mohamed Samy ElDeeb
Purpose: This research demonstrates the impact of board characteristics on the cost stickiness of companies in various Egyptian industries, and how the earnings management perspective will increase the cost stickiness through managerial decisions that are mainly directed to reflect a better estimate for their firm' performance and earnings by adjusting resources costs. Design/methodology/approach: The ordinary least squares (OLS) used to investigate the behavior of selling, general and administrative cost, and the influence of board characteristics (corporate governance mechanisms: board size, board independence, and CEO duality) to reduce cost sticki-ness using earnings management as an intermediary variable and firm size and financial performance as control variables in a sample of 41 Egyptian active publicly traded companies. Data is obtained from the financial statements published between 2015-2019 and the multiple linear regression equations utilized to analyze the data; the board characteristics variables are identified from the section of governance in the annual reports. Findings: Findings indicate that corporate governance has a control ability over the board of directors, which in turn has an inverse effect on cost stickiness which tends to increase if management is willing to disclose optimistic earnings forecast about firm' future performance. The board independence , large board size, and the absence of CEO duality have a positive impact on the efficient monitoring and reduction of earnings management. The statistical results showed that effective corporate governance can reduce cost stickiness, as well as its strong effect on mitigating earnings management. Research limitations/implications: The main limitation of the research is that it covers only five years of annual financial reports in testing the hypotheses. In addition, the authors used only four proxies for the board characteristics (corporate governance mechanisms: board size, board independence, and CEO duality). Originality: The research's main contribution is to be among the few papers that test the cost stickiness in Egypt as an emerging economy concerning the board characteristics through taking into consideration the earnings management effect as a mediating variable.
Examining the impact of water scarcity on agricultural output in the Gulf Cooperation Council (GCC) region
(John Wiley and Sons Inc, 2024-10-26) Doaa Salman Abdou; Abdelrahman Kamel Othman; Mona Naguib Moussa
This research paper examines the impact of water scarcity on agricultural output in the Gulf Cooperation Council (GCC) region. It highlights the increasing global water scarcity and its consequences, including the prevalence of water-stressed areas and the adverse effects on human health and economic sectors. The paper focuses on the GCC region, known for its water scarcity and desertification, exacerbated by climate change and pollution. The study aims to investigate the relationship between water stress levels and agricultural productivity, evaluating the effects of freshwater withdrawals, fertilizer consumption, and agricultural methane emissions on crop production. Additionally, it explores the connection between agricultural output and net national income per capita. By addressing these research questions, the study contributes to the understanding of agricultural water scarcity and its implications for global food security and sustainability. The paper utilizes data from the World Bank to analyze crop production in the GCC countries from 2001 to 2020, shedding light on the influence of water scarcity on agricultural landscapes. The research highlights the efforts made by GCC countries to enhance food security, including strategic investments in agricultural lands and bilateral agreements. It also discusses the challenges faced by specific countries within the region, such as Saudi Arabia, the United Arab Emirates (UAE), and Kuwait, in terms of agricultural production and water constraints. Overall, the paper provides insights into the complexities of agricultural water scarcity and its effects on the GCC region, emphasizing the need for sustainable solutions to ensure food security and economic stability.
HDI, Oil Prices, Government Expenditures in GCC: Evidence from a Cross Sectional ARDL Approach
(Vilnius University Press, 2024-08-10) Mai Yasser; Doaa Salman; Mohamed Essam
This study explores the relationship between oil prices and the Human Development Index (HDI) in the Gulf Cooperation Council (GCC) countries. It investigates whether oil prices remain the primary driver of economic growth and development in the region. The analysis employs a Cross-Sectional Autoregressive Distributed Lag (CS-ARDL) approach and Cointegrated Autoregressive Distributed Lag (CCEMG) methods, following unit root and stationarity tests. The findings reveal an insignificant correlation between oil prices and HDI in the overall GCC countries. However, significant relationships are observed at the individual country level. These results suggest that policymakers in the region should prioritize economic diversification and focus on sectors such as tourism in Dubai and the specific policies implemented in Saudi Arabia to foster sustainable development.
A case study of economic development through sanitation interventions in African countries
(World Water Policy, 2024-08) Abdou, Doaa Salman; Moussa, Mona Naguib; Samy, Abanoub Samir
The novelty of the study is based on the empirical examination of the impact of water and sanitation improvements on economic development outcomes in selected African countries. While previous research has primarily focused on the macroeconomic effects of water resources or broad development indicators, this study takes a more granular and comprehensive approach to unpack the nuanced relationship between various water and sanitation variables and a range of economic development outcomes. This study's aim is threefold: first to examine the influence of different dimensions of water and sanitation improvements (e.g., access, quality, reliability) on economic development; second; focus on the potential mediating factors that water and sanitation interventions affect economic development; finally, propose policy implications for designing sustainable water and sanitation programs to promote inclusive and resilient economic growth in less developed countries. By addressing these questions, the findings of this research paper contribute significantly to the academic understanding of the water-sanitation-economic development nexus, particularly in the understudied African context. The study provides valuable, context-specific insights that can inform policymakers, practitioners, and researchers seeking evidence-based strategies to foster sustainable development through targeted water and sanitation interventions. This research highlights the positive association between water and sanitation improvements and a range of economic development outcomes, including GDP, employment, foreign investment, and tourism. The results underscore the substantial potential economic benefits of investing in sanitary infrastructure and reliable sanitation systems, making a stronger case for prioritizing water and sanitation as key drivers of sustainable development in less developed countries. Overall, this research paper fills an important gap in the literature and offers crucial insights to promote inclusive and resilient economic growth through water and sanitation interventions in Africa and beyond.
The moderating role of board gender diversity on the association between audit committee attributes and integrated reporting quality
(Springer open, 2024-07) El‑Deeb, Mohamed Samy; Mohamed, Lana
Purpose The main objective of the research is to examine the infuence of audit committee attributes on the inte‑ grated reporting quality (IRQ) and to investigate whether this association is moderated by board gender diver‑ sity in the manufacturing and non-manufacturing sectors. The study specifcally investigates the association between audit committee independence, meetings frequency, fnancial expertise, audit committee size, and inte‑ grated reporting quality. Design/methodology/approach The data collection was from the fnancial statements and corporate governance reports of 54 Egyptian frms listed on the stock market [EGX100] for the period of 2018–2022. The study used pooled efect modelling and performed data analysis using the STATA software. Findings For the manufacturing sector, the results showed a signifcant impact of audit committee independence and meetings frequency on IRQ, while audit committee size and fnancial expertise showed insignifcant associa‑ tion with IRQ. Board gender diversity moderates the association between audit committee meetings only and IRQ. In contrast, audit committee fnancial expertise and meetings frequency signifcantly impact IRQ, while audit com‑ mittee independence and size showed an insignifcant impact on IRQ in the non-manufacturing sector. Also, board gender diversity moderates the association between audit committee and IRQ. The fndings highlight the signif‑ cance of AC attributes and provide guidance to frms to strengthen their audit committees in order to provide high quality of integrated reports to increase investor trust in the Egyptian business environment as it is now mandatory by the government. Originality/value This research ofers unique perspectives on the association between variables in Egypt. This study is one of the frst investigations on the impact of audit committee attributes and board diversity on integrated report‑ ing quality within the context of Egyptian listed companies. Comprehending the ways in which audit committee attributes impact the integrated reporting quality in the manufacturing and non-manufacturing sectors can enable organizations to devise focused approaches that comply to the unique operational, regulatory, and investor demands in each sector.
Relationship of Religiosity with Subjective Well-Being: General or Specific?
(Ulster Institute for Social Research, 2024-06) Abdel-Khalek, Ahmed M; Hamdi, Hosni I; Lester, David; Meisenberg, Gerhard
The current study sought to investigate the relationship of religiosity with subjective well-being in a primarily Muslim sample of college students in Egypt (N = 294). Six scales measuring several constructs related to subjective well-being, including mental health, self-efficacy, love of life, optimism, well-being, and life satisfaction, were administered together with a 15-item measure of religiosity. The main questions addressed were whether the positive relationship between self-reported subjective well-being and religiosity that has been observed repeatedly in Western Christian samples replicates in this mainly Muslim sample, and whether there is a relationship with general well-being or a more specific relationship between religiosity and one or more components of subjective well-being. Those who consider themselves as religious reported greater well-being on all administered scales. When a “general factor of well-being” was extracted from the six well-being scales, it correlated with self-reported religiosity at r = .432. When controls for this general factor were included in regression models predicting religiosity with any one of the six well-being scales, the general factor was most predictive in most cases. There were, however, incremental contributions to this relationship by optimism and to some extent by love of life. The conclusion is that the relationship between religiosity and subjective well-being is mainly of a general nature, but optimism and perhaps love of life are more specifically related to (Muslim) religion.
Analyzing Momentum-Based and Moving Average-Based Portfolio Strategies: A Case Study of the Egyptian Stock Market
(Ain shams University, 2024-07) Nabil, Mohamed; El Saiid, Mohamed; Abdou, Doaa Salman; Saleh, Ashraf
This study introduces two competing portfolio-styled trading/investment strategies (“A” & “B”), based on a combination of well-accredited & researched Technical Analysis (TA) techniques and approaches, namely Relative Performance (RP), Momentum (Rate of Change) and Moving Averages (MA). This research aims at measuring the outcome performance of the on-portfolio security selection in the Egyptian stock market, to assess the likelihood of TA portfolio-styled trading/investment strategies to achieve superior results to the Buy & Hold (B&H) strategy in the Egyptian stock market. The research offers indepth analysis & assessments of the performance and results of the two strategies using both, relevant and validated measurements of portfolio performance. Ultimately, the research aims at producing validated and academic research on TA-based strategies that are designed to aid individual and institutional investors in their short-term investment decisions, while reducing their exposure to specific or unsystematic risk through diversification and portfolio security selection. The findings were able to render conclusive evidence to the advantage of the portfolio-styled trading/investing strategies, favoring strategy “A” over “B”, over the passive “Buy & Hold” strategy as represented by the EGX30 market benchmark Index.
Water For Food in Euphrates–Tigris River
(Multidisciplinary Digital Publishing Institute (MDPI), 2024-05) Metwally, Abdelmoneim Bahyeldin Mohamed; Yasser, Mai M; Ahmed, Merna
Water scarcity is an important threat to food security in the Euphrates–Tigris river. Water scarcity is a huge worldwide problem that results from the rapid increase in water demand, which exceeds the amount of available water. The most significant problems currently affecting countries are food insecurity water scarcity. The Euphrates–Tigris river countries suffer from different political issues, such as the Syrian war and internal civil conflicts in Iraq. In addition, this area consists of only three countries: Iraq, Syria, and Turkey, but it affects the entire Middle East. Turkey has established many irrigation projects compared to Iraq, which still suffers from the previous American invasion. Therefore, this study examines the Euphrates–Tigris river (using two countries) to examine the relationship between water scarcity and food security from 1992 to 2020. This study will be conducted using a fixed and random regression approach over 18 years. The results show a negative relationship between water scarcity and food security in the short run, at a 10% significance level, and a long-term positive relationship of 1%. Thus, the use of research and development and the encouragement of investments will help policymakers to develop a nexus between water scarcity and food security.
Nexus among Artificial Intelligence Implementation, Healthcare Social Innovation, and Green Image of Hospitals’ Operations Management in Egypt
(Elsevier Ltd, 2024-05) Adel, Heba Mohamed; Khaled, Mennatallah; Yehya, Mohamed Ahmed; Elsayed, Rahma; Ali, Rawan Sameh; Ahmed, Farah Emam
The aim of this paper is to decipher and investigate the relationship between artificial intelligence implementation (AII), healthcare social innovation (HSI) and hospitals’ green image (HGI) in an Egyptian emerging market. An interdisciplinary research with a mixed-methods approach was conducted to add bricks, conceptually and empirically, that fill a literature gap between using this evolving AI-technology and sustaining socially-innovative medical operations and supply-chain management (OSCM) practices in a dynamic green healthcare industry. After scanning the relevant transdisciplinary literature, the authors developed and tested a conceptual model through analysing data collected from 116 quantitative questionnaires answered by healthcare managers/leaders in 46 Egyptian hospitals. After applying structural equation modeling using SmartPLS-v4, the results illustrated that AII has a positive significant impact on HSI, which has a positive significant influence on HGI. Furthermore, AII-HGI relationship can be fully-mediated significantly by HSI, which confirms the significant role of AI-powered technology in reinforcing socially-innovative medical OSCM processes to sustain an environmental-friendly image of Egyptian hospitals. Based on these quantitative findings and qualitative fruitful interviews with healthcare leaders and technology experts, this article used a comprehensive approach to contribute to AI-enhanced healthcare OSCM literature in interdependent ways. It encapsulated the benefits and obstacles of using AI-driven socially-innovative green medical OSCM practices in emerging healthcare markets similar to Egypt. Moreover, it proposed a balanced scorecard map for communicating and evaluating socially-responsible ecofriendly OSCM strategy of AI-powered hospitals. As for the practical implications, the medical operations and supply-chain managers of similar emerging healthcare markets can benefit from the exemplars highlighted throughout this paper on how their hospitals can invest in AI-based healthcare processes/services, which can provide creative and scientific solutions for social, educational, environmental and economic problems within their countries. Thus, reflecting on the social implications, these digitally-transformed hospitals can contribute innovatively to the social wellbeing of their communities and promote their green image among their supply-chain stakeholders.
Examining the global infuence of e-governance on corruption: a panel data analysis
(Springer open, 2024-02) Seiam, Dina Ali; Salman, Doaa
This study analyzes the impact of e-governance on corruption using a panel dataset comprising 110 countries over the period from 2003 to 2021. The specifc focus of the research is on the relationship between the E-government Development Index (EGDI) and its four components, namely the Online Service Index (OSI), Human Capital Index (HCI), Telecommunication Infrastructure Index (TII), and E-Participation Index (EPI), and their efects on the Corruption Perceptions Index (CPI). To examine these relationships, the empirical analysis employs a fxed efect model, which is a suitable statistical approach for panel data analysis. The fndings of the study reveal signifcant negative associations between the EGDI, OSI, HCI, and TII with corruption levels across countries worldwide. This implies that higher levels of e-government development, online service provision, human capital, and telecommunication infrastructure are associated with lower corruption perceptions. However, the EPI does not demonstrate a statistically signifcant relationship with the CPI. Based on these results, the paper provides recommendations for governments to prioritize two key areas. Firstly, governments should invest in the development of e-government infrastructure to enhance transparency, accountability, and efciency in public administration, thereby reducing corruption. Secondly, initiatives aimed at enhancing public awareness and understanding of e-governance should be prioritized, as they contribute to increased citizen engagement and participation, which can ultimately lead to improved governance practices and reduced corruption levels.
The Egyptian hospitality sector as a case study in post-COVID-19: searching for greening and sustainable recovery strategies
(Inderscience Enterprises Ltd, 2024-04) Abdou, Doaa Salman; Halim, Yasser Tawfik; El-Deeb, Mohamed S
COVID-19 pandemic has posed new challenges for the Egyptian hospitality industry, requiring it to ensure its sustainability. This study investigates how environmental management practices can achieve sustainability by implementing management measures. It examines the effectiveness of approaches such as e-marketing, utility rationalisation, and environmental excellence practices in improving hotel performance and profitability. The findings emphasise the importance of enhancing sustainability and efficiency in hotel utilities, resource usage rationalisation, and environmental excellence management to enhance the sustainability and performance of hotels, particularly in the post-COVID-19. The study highlights the significant impact of e-marketing as a tool for guest communication, raising awareness about environmental protection, and promoting sustainability. This study contributes to the sustainability of water resources by identifying factors that contribute to the long-term survival of the Egyptian hospitality industry. It provides valuable insights for managers and stakeholders in the hospitality industry who are striving to sustain themselves amidst unprecedented challenges.
Heterogeneous Three-Dimensional Panel Data Models
(Natural Sciences Publishing, 2024-05) Megally, A; Youssef, A; S. H, Abdel-Latif
This paper examines panel data models, which vary in size and shape depending on their properties. When parameters vary across units and time, it is called a heterogeneous panel data model. The paper proposes suitable tests for slope homogeneity in three-dimensional panel data, using actual data from the United Nations Industrial Development Organization (UNIDO). The results showed significant evidence of cross-sectional dependence and slope heterogeneity. The paper recommends mean group, common correlated effect mean group, and augmented mean group estimators for heterogeneous three-dimensional panel data models in the case of cross-sectional dependency, with the common correlated effect mean group estimator being the most accurate.
CGSC, audit quality, and Internet reporting: The mediation and moderation analysis
(Editura ASE, Romania, 2024-03) El-Deeb, Mohamed S; Halim, Yasser T; Elbayoumi, Ahmed F
Research Questions: In what ways does the corporate governance scorecard (CGSC) and internet reporting intersect with audit quality? To what extent do technological advancement and auditor qualifications moderate the association between internet reporting, corporate governance (CGSC), and audit quality? In what capacity does audit quality mediate the association between internet reporting and the corporate governance scorecard (CGSC)? Motivation: The rationale for conducting this study is to fill a known void in the academic literature concerning corporate governance in developing nations, with Egypt serving as an example. Idea: The main idea of our study is to understand the impact of CGSC-measured corporate governance on internet reporting of financial and non-financial information. Our study also seeks to determine whether audit quality acts as a mediator and whether auditor qualifications and technological advancement moderate this relationship. Data: Using a questionnaire, 258 auditors from various auditing firms, including the Big4 and national audit firms with international affiliation, data were collected. Tools: Factor analysis, Pearson correlation, and Structure Equation Modelling. Findings: Corporate governance assessed by CGSC improves the Internet reporting through the mediation of audit quality, with auditor qualifications and technological advancement serving as moderators. Contribution: This study contributes to the scholarly comprehension of the association that exist among CGSC, audit quality, and internet reporting. Implications for utilizing CGSC as a metric for evaluating corporate governance practices and its influence on online reporting are both theoretical and practical in nature. The investigation contributes valuable perspectives that can guide decision-making in practical and theoretical settings, thereby enhancing the academic discourse.
Hydropower & HDI Nexus in Nordic Countries Using VAR Techniques
(Multidisciplinary Digital Publishing Institute (MDPI), 2024-03) Metwally, Abdelmoneim B. M; Nabil, Shahd M; Yasser, Mai M
Although the movement of people from rural to urban areas has caused the increased use of energy, the abundance of water resources can be made into a form of renewable energy known as hydroelectricity. As European countries are ranked as the first users and exporters of hydropower, the production of renewable energy in developed countries such as the Nordic region has caused great impacts on economic growth and human development. The importance of this paper is to investigate the relationship between hydroelectricity and the Human Development Index by depending on some variables such as urbanization, rule of law, corruption, trade openness, and GDP per capita from 2002 to 2021 in Nordic countries. The results were estimated depending on impulse response function after conducting the Vector autoregressive model (VAR) model and Granger causality test. Results showed a negative impact from hydro plants in the short run but a significant positive impact in the long run in Nordic countries. The long-term sustainment of Human Development Index (HDI) is due to policies limiting the immigration of labor as well as protection of energy use. Water batteries are gaining popularity across Europe and their implementation is near mandatory.
Unlocking solutions for cleaner waters: The Industrial Wastewater Quality Index in Egypt and beyond
(John Wiley & Sons Inc, 2024-02) Abdou, Doaa M. Salman; el Ragehy, Eid
consideration both the environmental limits specified by Egyptian legislation and industry-specific parameters, effectively condensing extensive water quality data into simplified categories. The IWQI model proves to be a dependable instrument for assessing the overall quality of groundwater intended for industrial use. It incorporates multiple water quality indices and employs multivariate statistical analysis techniques to determine the contribution of each parameter to industrial water quality. This comprehensive analysis enhances the reliability of the model, making it a valuable point of reference for similar locations worldwide, particularly those sharing similar climatic conditions. The outcomes of this study provide valuable insights for policymakers and stakeholders involved in regulating and mitigating industrial water pollution in Egypt. The findings also have relevance to other countries facing similar challenges, highlighting the importance of developing effective techniques for investigating pollution sources, monitoring water quality, and forecasting future trends. The study underscores the necessity of implementing proactive measures to address industrial water pollution and protect water resources and ecosystems. By emphasizing these aspects, the study emphasizes the importance of promoting sustainable water and environmental management practices. Overall, the IWQI and the study's findings contribute to the development of strategies to manage and control industrial water pollution and can guide policymakers and stakeholders in Egypt and other countries facing similar challenges.
The moderating efect of dividend policy on the relationship between the corporate risk disclosure and frm value: evidence from Egypt
(Springer open, 2024-02) El‑Deeb, Mohamed Samy; Allam, Mohamed Fathy
This paper investigates the efects of corporate risk disclosure (CRD) and dividend policy (DP) on frm value (FV) for non-fnancial companies listed on the Egyptian Stock Exchange. Using a sample of 45 non-fnancial frms from 2016 to 2022, which yielded 315 frm-year observations, we fnd a signifcant positive relationship between CRD and FV, supporting signaling theory. DP also exhibits a positive association with FV. Additionally, DP positively moder‑ ates the CRD-FV relationship, indicating a complementary efect where dividends enhance the CRD’s positive signal. The results are robust across fxed efects, random efects, and pooled OLS models. This study makes key empirical and theoretical contributions by validating the hypothesized relationships in the Egyptian context. It also provides managerial insights into value drivers for public frms in developing economies. Further research can corroborate the fndings in other emerging markets. Overall, this paper enhances understanding of the linkages between risk disclosure, dividend policy, and frm valuation outcomes.
Unlocking solutions for cleaner waters: The Industrial Wastewater Quality Index in Egypt and beyond
(John Wiley & Sons Inc, 2024-01) Abdou, Doaa M. Salman; el Ragehy, Eid
This research study conducted in Egypt focuses on addressing the issue of industrial water pollution and promoting sustainable water and environmental management practices. The study introduces a novel tool called the Industrial Wastewater Quality Index (IWQI) and utilizes two assessment methods to evaluate the extent of water pollution caused by industrial effluents. The IWQI takes into consideration both the environmental limits specified by Egyptian legislation and industry-specific parameters, effectively condensing extensive water quality data into simplified categories. The IWQI model proves to be a dependable instrument for assessing the overall quality of groundwater intended for industrial use. It incorporates multiple water quality indices and employs multivariate statistical analysis techniques to determine the contribution of each parameter to industrial water quality. This comprehensive analysis enhances the reliability of the model, making it a valuable point of reference for similar locations worldwide, particularly those sharing similar climatic conditions. The outcomes of this study provide valuable insights for policymakers and stakeholders involved in regulating and mitigating industrial water pollution in Egypt. The findings also have relevance to other countries facing similar challenges, highlighting the importance of developing effective techniques for investigating pollution sources, monitoring water quality, and forecasting future trends. The study underscores the necessity of implementing proactive measures to address industrial water pollution and protect water resources and ecosystems. By emphasizing these aspects, the study emphasizes the importance of promoting sustainable water and environmental management practices. Overall, the IWQI and the study's findings contribute to the development of strategies to manage and control industrial water pollution and can guide policymakers and stakeholders in Egypt and other countries facing similar challenges. © 2024 Policy Studies Organization.

Browse

Recent Submissions