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The Impact of Corporate Governance on Financing Decision of Egyptian Listed Firms in S & P EGX / ESG Index

العنوان بلغة أخرى: تأثير حوكمه الشركات على قرار التمويل للشركات المدرجة في مؤشر S & P EGX / ESG
المصدر: المجلة العلمية للاقتصاد والتجارة
الناشر: جامعة عين شمس - كلية التجارة
المؤلف الرئيسي: El-Mahdy, Aya Ahmed Mahmoud (Author)
مؤلفين آخرين: Wahba, Hayam Hassan (Co-Author)
المجلد/العدد: ع3
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2019
الشهر: أكتوبر
الصفحات: 543 - 556
ISSN: 2636-2562
رقم MD: 1066875
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Financing Decision | Capital Structure | Corporate Governance | Board Size | S & P EGX / ESG Index | Board Composition | CEO Duality and Leverage Ratio
رابط المحتوى:
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المستخلص: The study is an attempt to investigate the relationship between corporate governance mechanisms and financing decision for non-financial listed firms in S&P EGX/ESG index. The study covered the period from 2013 to 2018. The researcher used board size, board composition, CEO duality and firms’ weight in S&P EGX/ESG index to represent corporate governance mechanisms. The researcher used weighted least squares regression analysis to examine this relationship. The analysis showed that board size negatively affects debt ratio, therefore the null hypothesis is rejected. Second hypothesis is about the effect of CEO duality on debt ratio. The null hypothesis has been accepted because the study found that CEO duality affect debt ratio positively. Third hypothesis is about the effect of board composition on debt ratio. The researcher rejected the null hypothesis because board composition has a negative impact on debt ratio however this relationship is statistically in significant. Regarding firms’ weight in S&P/ EGX ESG index, the null hypothesis is rejected because the study found a negative impact which is statistically significant.

ISSN: 2636-2562

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