أثر تطبيق الإطار المفاهيمي للتقرير المالي الصادر 2018على تطبيق الحيطة و الحذر و حقوق الملكية و علاقتهما بقيمة الشركة : دراسة تطبيقية على الشركات المصرية المسجلة بمؤشر EGX50

Abstract EN

The research aimed at analyzing the effect of applying the conceptual framework of financial reporting 2018 (CF 2018) on prudence and examining the relationship between prudence and book value of equity from one side and the firm value from another side.

To achive the research objectinve, the inductive and the deductive approach are applied in analyzing previous literature, building and testing research hypotheses, and deriving results.

Paired sample T test was used to test the first hypothesis regarding the effect of applying CF2018 on prudence by comparing 2017 prudence measure with 2019 prudence measure for all Egyptian companies registered in EGX 50 index after execluding financial institutions with a final sample 37 companies.

Simple and Multiple Regressionis were used to test the second and third hypotheses to test the relationship between prudence application as an independent variable and book value of equity as an independent variable and book value as a dependent variable both before and after CF2018 application.

Results showed that there was no statistical significant effect as a result of apllying CF2018 on prudence and so accepting the first research hypothesis.

Results also showed that there was no statistical significant relationship between prudene and equity book value from one side and firm value from another side for EGX 50 companies before the CF2018 application but a statistical significant relationship after CF2018 application ans so rejecting the second hypothesis and accepting the third one.

Recommendations included the importance of considering the book value of equity as an important determinant of firm value after CF2018 application as traditional prudence measures for firm value are no longer valid after CF 2018 apllication and this may be due to prudence has a different meaning after CF 2018 application.