The joint impact of transparency and board structure on cost of equity capital : an empirical study on companies listed on Egyptian stock exchange
Other Title(s)
الأثر المشترك لشفافية المعلومات و هيكل مجلس الإدارة على تكلفة رأس المال : دراسة تطبيقية على الشركات المقيدة بالبورصة المصرية
Author
Source
Scientific Journal for Financial and Commercial Studies and Researches
Issue
Vol. 2, Issue 1، ج. 1 (31 Jan. 2021), pp.127-181, 55 p.
Publisher
Damietta University Faculty of Commerce
Publication Date
2021-01-31
Country of Publication
Egypt
No. of Pages
55
Main Subjects
Financial and Accounting Sciences
Topics
Abstract EN
The paper examines the joint impact of transparency and board structure on cost of capital for a sample of firms listed on the Egyptian Stock Exchange during the period from 2010 through 2017.
I predict that transparency and Board of Directors (BOD) structure has an impact of lowering cost of equity capital.
The paper hypothesized that an interaction effect may exist between transparency and BOD structure in shaping their relationship with cost of capital.
Results reveal that transparency has a negligible effect on cost of capital; on the contrary, evidence supports the positive impact of BOD governance on lowering cost of capital.
Further, results uncover a complementary insignificant relationship between transparency and BOD structure.
American Psychological Association (APA)
Ismail, Mawahib Abd al-Aziz. 2021. The joint impact of transparency and board structure on cost of equity capital : an empirical study on companies listed on Egyptian stock exchange. Scientific Journal for Financial and Commercial Studies and Researches،Vol. 2, no. 1، ج. 1, pp.127-181.
https://search.emarefa.net/detail/BIM-1464439
Modern Language Association (MLA)
Ismail, Mawahib Abd al-Aziz. The joint impact of transparency and board structure on cost of equity capital : an empirical study on companies listed on Egyptian stock exchange. Scientific Journal for Financial and Commercial Studies and Researches Vol. 2, no. 1, p. 1 (Jan. 2021), pp.127-181.
https://search.emarefa.net/detail/BIM-1464439
American Medical Association (AMA)
Ismail, Mawahib Abd al-Aziz. The joint impact of transparency and board structure on cost of equity capital : an empirical study on companies listed on Egyptian stock exchange. Scientific Journal for Financial and Commercial Studies and Researches. 2021. Vol. 2, no. 1، ج. 1, pp.127-181.
https://search.emarefa.net/detail/BIM-1464439
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1464439