قياس فعالية القدرة الإدارية للمديرين التنفيذيين على العلاقة بين مستوى التحفظ المحاسبي وخطر الانهيار المستقبلي لأسعار الأسهم خلال جائحة 19-Covid: دليل تطبيقي من البورصة المصرية

Abstract EN

The Research aims to Measure the Effectiveness of the CEO's Managerial Ability on the Relationship between the level of Accounting Conservatism and the Future Stock Price Crash Risk during the COVID-19 pandemic.

This is Applied to non-Financial listed Companies on the Egyptian Stock Exchange.

Design and Methodology: The Study used Content Analysis to Examine the Financial Reports of Companies on the Egyptian Stock Exchange during the pre-COVID-19 period (2018-2019) and during the COVID-19 pandemic (2020-2021), with a total of 276 Observations.

The Study built five Quantitative Models to test the Hypotheses, Using Multiple linear Regression Analysis, and the fixed-effects Regression Model as one of the longitudinal Regression Models for the Panal Data Method.

The study used the E-Views (12) and SPSS (27) software programs.

Results and Recommendations: The study found a Positive Correlation between the Effectiveness of CEO's Managerial Ability and Accounting Conservatism in Financial reports during the COVID-19 pandemic.

Additionally, the Study found a significant negative Correlation between Accounting Conservatism in Financial Reports and the Future Stock Price Crash Risk during the COVID-19 pandemic.

Furthermore, the study revealed the negative impact of accounting conservatism on the Future Stock Price Crash Risk during the COVID-19 pandemic, which became clearer after adding the effect of CEO's managerial Ability as a moderating variable.

Based on these findings, the research recommends conducting further studies to provide additional explanations about the economic consequences of CEO's managerial Ability on the added economic value of the Egyptian banking sector and the industrial sectors that were affected during the COVID-19 pandemic.

Originality and Contribution: This Study is the first of its kind in the literature of Accounting and Finance, Providing Interpretive evidence and practical indicators from companies listed on the Egyptian stock exchange, related to the research variables of the current study during the COVID-19 pandemic.