أثر تغطية المحللين الماليين على سيولة الاسهم في ضوء سياسة التحفظ المحاسبي : دراسة تطبيقية على الشركات المدرجة بالبورصة المصرية
Other Title(s)
The impact of financial analysts' coverage on stock liquidity in light of the accounting conservatism policy : empirical study on companies listed on the Egyptian stock exchange
Author
Source
المجلة العلمية للدراسات المحاسبية
Issue
Vol. 4, Issue 2 (30 Apr. 2022), pp.462-547, 86 p.
Publisher
Suez Canal University College of Commerce Ismailia
Publication Date
2022-04-30
Country of Publication
Egypt
No. of Pages
86
Main Subjects
Topics
Abstract EN
This research aims to measure the impact of financial analysts' coverage on stock liquidity through non-conditional accounting conservatism as an intermediary variable, as well as testing an optimal level in this relationship that leads to maximum liquidity to measure the optimal level of financial analyst coverage used as a financial analysts' coverage scale box, the sample of the study consisting of 55 companies listed on the Egyptian Stock Exchange from 2011 to 2021.
The results of the study were reached using OLS micro-squares method & the method of fixed & random effects as well as modeling the structural equation SEM.
The study found that there is an optimal level of relationship between the coverage of financial analysts & the liquidity index as well as the trading volume, which means that any deviation from this level will be reflected negatively on the stock liquidity by these measures, There is a correlation between financial analyst coverage & the bid ask spread as a measure of liquidity, indicating a cross-link with liquidity & close investor expectations about the future of the stock.
There is a moral correlation between financial analyst coverage & trading volume.
Financial analysts' coverage was positively influenced by the levels of non-conditional accounting conservatism, and therefore the greater the coverage of the company's financial analysts, the greater the company's secret reserves as a means of accounting conservatism.
Finally, there is an indirect moral impact of the non-conditional accounting conservatism measured in market value to book value on all liquidity indicators, indicating that the shop's unrecorded reputation as a conservative policy has a positive impact on the relationship between financial analyst coverage & stock liquidity.
American Psychological Association (APA)
رباب حمدي جميل. 2022. أثر تغطية المحللين الماليين على سيولة الاسهم في ضوء سياسة التحفظ المحاسبي : دراسة تطبيقية على الشركات المدرجة بالبورصة المصرية. المجلة العلمية للدراسات المحاسبية،مج. 4، ع. 2، ص ص. 462-547.
https://search.emarefa.net/detail/BIM-1397149
Modern Language Association (MLA)
رباب حمدي جميل. أثر تغطية المحللين الماليين على سيولة الاسهم في ضوء سياسة التحفظ المحاسبي : دراسة تطبيقية على الشركات المدرجة بالبورصة المصرية. المجلة العلمية للدراسات المحاسبية مج. 4، ع. 2 (نيسان 2022)، ص ص. 462-547.
https://search.emarefa.net/detail/BIM-1397149
American Medical Association (AMA)
رباب حمدي جميل. أثر تغطية المحللين الماليين على سيولة الاسهم في ضوء سياسة التحفظ المحاسبي : دراسة تطبيقية على الشركات المدرجة بالبورصة المصرية. المجلة العلمية للدراسات المحاسبية. 2022. مج. 4، ع. 2، ص ص. 462-547.
https://search.emarefa.net/detail/BIM-1397149
Data Type
Journal Articles
Language
Arabic
Notes
-
Record ID
BIM-1397149