العلاقة التفاعلية بين مبادئ ممارسات علاقات المستثمرين ومستوى الإفصاح السردي بتقارير الإفصاح ربع السنوية وأثرها على سيولة الأسهم: دراسة تطبيقية على الشركات المقيدة بالبورصة المصرية

Abstract EN

This research aims to measure the relationship between the principles of investor relations practices and the level of narrative disclosure with quarterly disclosure reports prepared by the investor relations department, in addition to measuring the impact of this interactive relationship on stock liquidity of companies listed on the Egyptian stock exchange, using a sample of 36 non-financial companies on the Egyptian stock exchange from various economic sectors during the period (2015; 2017), the results showed that: -there is a significant difference between the companies representing on the research sample in the level of the narrative disclosure in the quarterly disclosure reports, where the index of the narrative disclosure ranged from (65%: 85%), which indicates the high level of narrative disclosure in the quarterly disclosure reports, also that there was a significant impact on the number of positions of the investor relations officer at the level of narrative disclosure, which makes it more confident and credible in the information disclosed, in addition to that there was a significant positive impact of the interactive relationship between the principles of investor relations and the level of narrative disclosure quarterly disclosure reports on the stock liquidity.