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.
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