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Does Accounting Disclosure of Ordinary Free Float, Investment Held and Strategic Ownership Matters for Corporate Financial Policies and Performance?
| المصدر: | الفكر المحاسبي |
|---|---|
| الناشر: | جامعة عين شمس - كلية التجارة - قسم المحاسبة والمراجعة |
| المؤلف الرئيسي: | Abdel Megeid, Nevine Sobhy (Author) |
| مؤلفين آخرين: | Abd-Elmageed, Mohamed Hassan (Co-Author) |
| المجلد/العدد: | مج23, ع2 |
| محكمة: | نعم |
| الدولة: |
مصر |
| التاريخ الميلادي: |
2019
|
| الشهر: | يوليو |
| الصفحات: | 1 - 36 |
| DOI: |
10.21608/ATASU.2019.38663 |
| ISSN: |
2356-8402 |
| رقم MD: | 980921 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Accounting Disclosure | Ownership Structure | Financial Performance | Financial Leverage | Dividend Policy
|
| رابط المحتوى: |
عدد مرات التحميل
42
| LEADER | 04167nam a22002417a 4500 | ||
|---|---|---|---|
| 001 | 1723621 | ||
| 024 | |3 10.21608/ATASU.2019.38663 | ||
| 041 | |a eng | ||
| 044 | |b مصر | ||
| 100 | |a Abdel Megeid, Nevine Sobhy |e Author |9 341348 | ||
| 245 | |a Does Accounting Disclosure of Ordinary Free Float, Investment Held and Strategic Ownership Matters for Corporate Financial Policies and Performance? | ||
| 260 | |b جامعة عين شمس - كلية التجارة - قسم المحاسبة والمراجعة |c 2019 |g يوليو | ||
| 300 | |a 1 - 36 | ||
| 336 | |a بحوث ومقالات |b Article | ||
| 520 | |b This empirical research is the first which examine the relationship of "ownership structure-performance-leverage-dividend". Thus this research aims to observe the link between these variables for the interest of shareholders, potential investors, and managers. The ownership structure of a firm is examined for its link with its performance, capital structure and other decision making. In this research paper, the main aims are to identify and explore the accounting disclosure of three defined ownership structure, the public ordinary ownership (free float shares) (FF), the strategic (managerial) ownership (SS), and the investment held ownership (IH) and also seek to investigate and examine how the ownership structure of companies influence corporate financial performance (profitability and liquidity), leverage and dividend policy using earnings per share (EPS), total assets (TA) and industry type (IND) as control variables. Data used in the analysis were collected from the annual financial statements. dimensions. In the reserach the time series data of different variables related to Ownership structure, firm’s performance and dividend policy of the companies is used. Four multiple linear regression analysis are used to test the research hypotheses. The sample used examines the effect of three types of ownership structure of companies other than financial ones as independent variables on return on equity ratio, current ratio, debt/equity ratio, dividend yield ratio as dependent variables of 116 companies listed on the Egyptian Stock Exchange between 2012-2017. According to regression analysis, the results showed that there is a significant positive relationship between ROE and the three types of ownership structure (FF, IH, SS) and also with the EPS and it is found that the relationship between liquidity measured using the current ratio and ownership structure (FF and SS) is positive and significant, while for investment held ownership found a significant negative relatinship. The result reveals also that all ownership structures are negetavely correlated with high extent to the financial leverage measured using debt/equity. Findings indicate also an insignificant positive relationship between dividend yields and FF and SS, while for IH found insignificant negative. EPS found to have a significant positive impact on ROE and dividend yields. TA representing the firm size have a significant negative impact on the liquidity of firms and significant positive impact on its financial leverage level. The findings in this research are useful for investors to understand how the financial policies and performance of firms are affected by the level and type of managerial ownership; high level of managerial ownership decreases the tendency of firms to go for debt financing, while increase the dividends yield as the EPS is enhanced in such firms. | ||
| 653 | |a الإفصاح المحاسبي |a القوائم المالية |a الرافعة المالية |a توزيع الأرباح |a الأداء المالي | ||
| 692 | |b Accounting Disclosure |b Ownership Structure |b Financial Performance |b Financial Leverage |b Dividend Policy | ||
| 773 | |4 الاقتصاد |4 إدارة الأعمال |6 Economics |6 Business |c 025 |f Al-Fikr Al-Muhasabī |l 002 |m مج23, ع2 |o 0541 |s الفكر المحاسبي |t Accounting Thought |v 023 |x 2356-8402 | ||
| 700 | |a Abd-Elmageed, Mohamed Hassan |e Co-Author |9 529261 | ||
| 856 | |n https://atasu.journals.ekb.eg/article_38663.html |u 0541-023-002-025.pdf | ||
| 930 | |d y |p y |q n | ||
| 995 | |a EcoLink | ||
| 999 | |c 980921 |d 980921 | ||
عناصر مشابهة
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Accounting Disclosure for Financial Instruments: Financial Leverage Risk and Liquidity and their Impact on Earnings per Share and Dividends Yield
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The Effect of Ownership Structure, Board Size and Firm Value on Corporate Financial Leverage and Dividends Policy: An Applied Study
بواسطة: Abdel Megeid, Nevine Sobhy منشور: (2021) -
The Quadruple Impact of Integrated ESG and CSR Sustainability Voluntary Disclosure on Financial Reporting Quality, Firm Value, Stock Value, and Tax Avoidance: Evidence from Egypt
بواسطة: Abdel Megeid, Nevine Sobhy منشور: (2023) -
Are Corporate Dividend Policy, Earnings per Share and Share Price Affect Tax Aggressiveness Using Interest Coverage as an Intermediary Variable
بواسطة: Abdel Megeid, Nevine Sobhy منشور: (2021) -
The Role of Board Characteristics, Financial Leverage and Dividend Policy on Firm Value using Financial Statement Restatement as a Mediating Variable
بواسطة: Abdel Megeid, Nevine Sobhy منشور: (2022)
