أثر العلاقات السياسية للشركات على الإفصاح عن المعلومات المستقبلية و انعكاسها على كفاءة القرارات الاستثمارية : بالتطبيق على الشركات المقيدة بالبورصة المصرية

Abstract EN

This research aims to determine the impact of corporate political connections on Forward-Looking Information Disclosure, in addition to the reflection of this Disclosure on the efficiency of investment decisions.

To achieve these objectives, the researcher conducted an applied study.

The study relied on all companies operating in the Egyptian stock market.

Where Some restrictions were applied, bringing the total sample number to (142) companies, in order to test (3) research hypotheses through (5) statistical models.

Through the applied study, the researcher finds several main results: Analysis of the factors affecting Forward-Looking Information Disclosure.

The applied results confirmed the existence of a positive relationship with (company size, return on assets, board of directors' size, board of directors' independence) and a negative relationship with (financial leverage and board of directors' duality), It also confirmed the existence of a positive impact of corporate political connections on Forward-Looking Information Disclosure, in addition to the presence of a positive impact of Forward-Looking Information Disclosure on the efficiency of investment decisions.

Based on the previous results, the researcher recommended the necessity of paying attention to regulate corporate political connections and Forward-Looking Information Disclosure in the Egyptian stock market.