قياس أثر العلاقة التفاعلية بين الروابط السياسية و ممارسات أدارة الأرباح بالأنشطة الحقيقية على عوائد الأسهم : دليل تطبيقي من البورصة المصرية

Abstract EN

The main objective is to measure the impact of the interactive relationship between political connections and earnings management practices by real activities on stock returns for companies listed on the Egyptian stock exchange, and the study relied on the (content analysis) method to examine the content of the financial statements and reports and their complementary explanations for a sample of (124) non-financial shareholding companies listed in the stock exchange During the period from (2016 to 2018), with a total of (372) views, in order to test four research hypotheses that reflect the impact of the interactive relationship between political connections and earnings management practices by real activities on stock returns, and in For this, four research models have been developed, the first to measure the impact of political connections on earnings management practices by real activities, the second to measure the impact of political connections on stock returns, and the third to measure the impact of earnings management practices by real activities on stock returns, while the fourth is to measure the impact of the interactive relationship between political connections and earnings management practices on stock returns.

The results of the applied study indicate that there is a negative significant effect of political Connections on profit management practices in real activities, and there is a positive moral effect of political Connections on stock returns, and the study also found a negative significant effect of earnings management practices on stock returns.

Finally, the study concluded that There was a positive significant effect of the model of the relationship between political Connections and profit management practices in real activities on stock returns.