أثر درجة الإفصاح عن المعلومات المستقبلية على سيولة السهم : دراسة تطبيقية على الشركات المقيدة في البورصة المصرية

Abstract EN

The objective of this study is to measure and test the impact of forward-looking disclosure level on stock lquidity:Evidence from firms listed on Egyption stock Exchange, The degree of disclosure of companies listed on the Egyptian stock exchange was measured by the index of the researcher's preparation fits the normal Egyptian business environment, this index includes a set of studies and global experiences, or mandatory according to the relevant laws and regulations in Egypt.

The researcher relied on the method of content analysis to extract the number of actual disclosure items for future information for each of the sample companies.The researcher used the simple regression analysis according to the Eviwes program and Spss to test the relationship between the forward-looking information disclosure level and the stock liquidity.

The researcher also used the characteristics of the company represented in (size of the company & leverage) to determine the effect of these variables on the basic relationship between the forward-looking information disclosure level and the stock liquidity.

The study conclusion that there is a significant relationship between the forward-looking information disclosure level and the stock liquidity.

Regarding the two variables (leverage and size of the company), the applied study concluded that the size of the company negatively affects (or reduced) the relationship between the forward-looking information disclosure level and the stock liquidity, and that the leverage was affected by the relationship between the forward-looking information disclosure level and the stock liquidity.