Impact of corporate governance practice and audit quality on capital structure decisions and financial performance: evidence from Egypt

المؤلفون المشاركون

Abd al-Majid, Nifin Subhi
Yusuf, Dina Ashraf Faruq

المصدر

Scientific Journal for Commerce and Finance

العدد

المجلد 43، العدد 2، ج. 2 (30 يونيو/حزيران 2023)، ص ص. 26-86، 61ص.

الناشر

جامعة طنطا كلية التجارة

تاريخ النشر

2023-06-30

دولة النشر

مصر

عدد الصفحات

61

التخصصات الرئيسية

المحاسبة

الملخص EN

The purpose of this research is to investigate the effect of corporate governance practice (CGP) and audit quality (AQ) on capital structure decisions and financial performance of Egyptian firms listed on the Egyptian stock exchange.

accounting-based measures such as return on assets, current ratio, and leverage were used to evaluate capital structure decisions and financial performance, as well as independence, board size, CEO duality, audit committee independence, big 4 and firm size, and Tobin's Q as control variables.

secondary data from financial statements, board of director's reports, and corporate governance reports were used in the study.

the research sample consists of 36 non-financial companies listed on the 100 ESG index from 2015 to 2021.

the data is analysed using panel data regression.

the research findings revealed a negative relationship between board size and capital structure, a positive relationship between CEO duality and capital structure, no relationship between board independence and capital structure, a positive relationship between audit committee independence and capital structure, a positive relationship between big 4 and capital structure, a positive relationship between profitability (ROA) and capital structure, and a negative relationship between board independence and capital structure.

this is in reference to the variable's relationship to the capital structure.

regarding financial performance, the research discovered a negative relationship between board independence and profitability, a positive relationship between board size and profitability, a positive relationship between CEO duality and profitability, a negative relationship between board size and liquidity, a positive relationship between (independence of audit committee, big 4, board size) and profitability, and a positive relationship between independence of audit committee a and profitability.

نمط استشهاد جمعية علماء النفس الأمريكية (APA)

Yusuf, Dina Ashraf Faruq& Abd al-Majid, Nifin Subhi. 2023. Impact of corporate governance practice and audit quality on capital structure decisions and financial performance: evidence from Egypt. Scientific Journal for Commerce and Finance،Vol. 43, no. 2، ج. 2, pp.26-86.
https://search.emarefa.net/detail/BIM-1516122

نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)

Yusuf, Dina Ashraf Faruq& Abd al-Majid, Nifin Subhi. Impact of corporate governance practice and audit quality on capital structure decisions and financial performance: evidence from Egypt. Scientific Journal for Commerce and Finance Vol. 43, no. 2, p. 2 (Jun. 2023), pp.26-86.
https://search.emarefa.net/detail/BIM-1516122

نمط استشهاد الجمعية الطبية الأمريكية (AMA)

Yusuf, Dina Ashraf Faruq& Abd al-Majid, Nifin Subhi. Impact of corporate governance practice and audit quality on capital structure decisions and financial performance: evidence from Egypt. Scientific Journal for Commerce and Finance. 2023. Vol. 43, no. 2، ج. 2, pp.26-86.
https://search.emarefa.net/detail/BIM-1516122

نوع البيانات

مقالات

لغة النص

الإنجليزية

الملاحظات

Includes bibliographical references: p. 76-86

رقم السجل

BIM-1516122