دراسة أثر التقارب مع المعايير الدولية لإعداد التقارير المالية على تكلفة رأس المال وانعكاسه على تقلبات أسعار الأسهم

Abstract EN

The study aimed to determine the effect of convergence with international financial reporting standards on the cost of capital and the reflection of this effect on stocks prices volatilities.

The researcher relied on examining data of a sample of non-financial companies listed in the EGX 100 index of the Egyptian Stock Exchange, numbering 59 companies, with 354 views (company-year) during the period from 2014 to 2019.

By analyzing these data statistically, the researcher concluded that:

There is a direct relationship between convergence with international financial reporting standards and both the cost of capital and stocks prices volatilities.

There is a direct relationship between the cost of capital and stocks prices volatilities.

There is a full mediation for the cost of capital between the application of international financial reporting standards and the stocks prices volatilities.

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