أثر خصائص مجلس الإدارة على العلاقة بين جودة الأرباح وكفاءة الاستثمار في الشركات المساهمة المصرية

Abstract EN

This research aimed to verify the moderation effect of Board Characteristics represented in (board size, board independence, CEO duality) on the relationship between Earnings Quality and Investment Efficiency, by answering the following question: Do Board Characteristics affect the Relationship between earnings quality and Investment Efficiency in Egyptian Listed Companies? , In order to test the research hypotheses, the researcher used a sample of 75 non-financial Egyptian listed companies between 2015-2018.

The results revealed a negative relationship between the olute value of discretionary accruals, which is used as an inverse measure of the earnings quality and the investment efficiency, which means that the higher earnings quality (i.

e.

the decrease in the olute value of discretionary accruals), the more this leads to an increase in investment efficiency, and when adding the board characteristics as a moderator variable, the results revealed that there is a significant effect of board size, board independence on the relationship between earnings quality and investment efficiency, while there was no significant effect of CEO duality on this relationship, which indicates the importance of board characteristics influencing the investment efficiency.