أثر حوكمة مجلس الإدارة على المقدرة التقييمية للمعلومات المحاسبية : دليل تطبيقي من الشركات غير المالية المقيدة بالبورصة المصرية

Abstract EN

The research aims to study and test the impact of board governance, as a modified variable on the value relevance of accounting information.

in a sample non-financial companies listed in the Egyptian stock exchange (EGX) during the period from 2015 to 2018.

the results of fundamental analysis concluded the existence of positive significant effect of accounting information (book value of equity and earnings per share) on stock prices, as an indicator for the firm value.

and showed a significant positive effect of board governance determinants on the relationship between earnings per share information and stock prices, as an indicator for the firm value.

and also, there is a significant negative effect of board governance determinants (board size, board independence, board meetings) on the relationship between book value of equity information and stock prices, as an indicator for the firm value.

and there is a non-significant effect of duality of the CEO, and board gender diversity on the relationship between book value of equity information and stock prices, as an indicator for the firm value.

as for the results of other analyses, there is a direct value relevance of all board governance determinants (as a control variables), except, duality of the CEO, beside accounting information, as an indicator for the firm value.

and there is a significant effect of company size, non-significant effect of audit quality (as additional control variables) on stock prices, on the relationship effect of board governance determinants beside accounting information, as an indicator for the firm value.

furthermore, there is not any difference in results of fundamental analysis, with various measurement tools of modified and independent variables in this research (board governance, stock prices).