الدور الوسيط لجودة التقارير المالية في العلاقة بين التخصص الصناعي لمراقب الحسابات و خطر إنهيار أسعار أسهم الشركات المقيدة بالبورصة المصرية : دراسة تطبيقية

Abstract EN

The current research aimed to study and test the direct relationship between the auditor industry specialization as one of the indicators of the perceived audit quality on the stock price crash risk in companies listed on the Egyptian Stock Exchange, and also the indirect relationship through financial reporting quality(measured by earnings quality) as a mediating variable to explain the main relationship the fundamental analysis, as well as the real earnings management under the additional analysis.

Using the number of 296 annual observations of 74 companies listed on the Egyptian Stock Exchange during the period from 2015 to 2018, and based on the path analysis method, the results of the research provided important scientific and practical evidence, perhaps the most important of which: that there is a direct negative significant relationship between auditor industry specialization and the stock price crash risk in companies listed on the Egyptian Stock Exchange, and the existence of an indirect negative significant relationship through improving the financial reporting qualityby reducing earnings management practices through receivables.

The additional analysis also showed that there is no indirect relationship between the auditor industry specialization and the stock price crash risk when mediating real earnings management.

In all, it indicates that the companies that are audited by an industrially specialized auditor have reduced earnings management practices through receivables and the financial reporting quality increases, and thus the stock price crash risk decreases in the future.