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discussions

Discussion of the Master's thesis

in Business Administration Sciences (Financial Management) submitted by the researcher / Israa Abdel Moez Amir Abdel Hamid

Teacher in the Department of Business Administration - Faculty of Commerce

Titled

(The Relationship of Over-Extrapolation of Previous Earnings Announcements with Both Individual Investors' Trading Behavior and Daily Stock Returns)

The thesis judging committee consists of:

Prof. Dr. Mohamed Nemr Ali Ahmed (Chairman and Member)

"Professor of Business Administration, Faculty of Commerce, Sohag University"

Prof. Dr. Adel Ryan Mohamed Ryan (Member)

"Professor of Business Administration, Faculty of Commerce, Assiut University and Former Dean of the Faculty"

Prof. Dr. Nesma Ahmed Hashem Abdel Majeed (Supervisor)

"Professor of Business Administration and Vice Dean of the Faculty for Graduate Studies, Faculty of Commerce, Assiut University"

Dr. Iman Ali Abdel Muttalib (Supervisor)

"Lecturer, Department of Business Administration, Faculty of Commerce, Assiut University"

 

 

 

Annual Scientific Conference Activities

Under the patronage of Prof. Dr. Ahmed El-Menshawy, President of the University

And under the supervision and chairmanship of Prof. Dr. Alaa Abdel Hafeez, Dean of the Faculty,

The Faculty of Commerce held its annual scientific conference.

In the presence of Prof. Dr. Nesma Ahmed Hashem, Vice Dean of the Faculty for Graduate Studies and Research and Secretary of the Conference, Prof. Dr. Amal El-Daly, Vice Dean of the Faculty for Community Service and Environmental Development and Conference Coordinator, and Secretary of the Faculty, Mr. Abdel Qader Mahran.

And the heads of scientific departments, educational program coordinators, faculty members and their assistants, directors of departments and units of a special nature, and employees of the administrative apparatus of the Faculty, and a number of students of the Faculty.

#العلاقات_العامة

 

Congratulation

The Faculty of Commerce, Assiut University, represented by His Excellency Prof. Dr. Alaa Abdel Hafeez, Dean, the Faculty’s Vice Deans, the Heads of the Academic Departments, the Faculty’s faculty members and staff, extend their sincere congratulations to Dr. Mustafa Qaid, BIS Program Coordinator at the Faculty of Commerce, Assiut University, on the approval of the Permanent Scientific Committee for Accounting at the Supreme Council of Universities for his promotion to the rank of Assistant Professor, and may he soon become a professor, God willing.

Corporate COVID-19 disclosure and stock price volatility: evidence from Egypt

Research Abstract

Abstract

Purpose

This paper aims to examine the relationship between corporate COVID-19 disclosure (COVID_DISC) and stock price volatility (SPV) in Egypt.

Design/methodology/approach

The authors used the manual content analysis method to measure corporate COVID-19 disclosure in the narrative sections of annual reports. The authors use ordinary least squares (OLS) regression to examine the impact of corporate COVID-19 disclosure on stock price volatility using unique data from Egyptian-listed firms during COVID-19 pandemic over the period of 2020 to 2022. Propensity score matching method was adopted to mitigate the potential endogeneity issue.

Findings

This study reveals that corporate COVID-19 disclosure has a significant negative impact on stock price volatility, suggesting COVID-19 disclosure reduces stock price volatility. In addition, the results confirm that COVID-19 disclosure offers value relevant information to investors, which is consistent with the Egyptian Financial Supervisory Authority’s (EFSA) motivation in calling for more information on COVID-19 pandemic.

Practical implications

The findings of this study can help corporate managers and EFSA in enhancing corporate disclosure and transparency during future financial crises. Moreover, the findings offer valuable insights to investors, helping them gain a better understanding of the business environment during COVID-19 crisis.

Originality/value

To the best of the authors’ knowledge, this is the first Egyptian empirical evidence that examines the relationship between corporate COVID-19 disclosure and stock price volatility.

Research Authors
Mohsen Anwar Abdelghaffar Saleh
Research Date
Research Department
Research Journal
Journal of Financial Reporting and Accounting
Research Publisher
Emerald Publishing Limited
Research Rank
#Scopus Q1; #Web of Science(WoS) Q1)
Research Vol
Vol. ahead-of-print No. ahead-of-print
Research Website
https://doi.org/10.1108/JFRA-10-2023-0586
Research Year
2024

Does Whistleblowing Policy Constrain Earnings Management? Evidence From an Emerging Market

Research Abstract

This chapter aims to examine the impact of whistleblowing policy (WH) on earnings management (EM) in an emerging market, Egypt. Our sample period from 2014 to 2019: the pre-whistleblowing policy period is 2014–2016 and the post-whistleblowing policy period is 2017–2019 with a total of 780 observations and the data are analyzed using ordinary least squares (OLS) regression analysis. Data are collected from annual reports, corporate governance reports, and companies’ website. The empirical analysis shows that whistleblowing policy coefficient is negative and significantly impacts EM in Egyptian firms. The result shows that when the firm adopts a whistleblowing policy, it led to decrease in EM. In addition, we provide strong and robust evidence by the difference-in-difference (DID) method to show that whistleblowing is significantly negatively associated with the extent of EM, which indicates that firms have an effective whistleblowing policy and can have several benefits. Firstly, it can help to identify and prevent illegal or unethical behavior within an organization, which can ultimately save the company from potential legal and reputational damage. Secondly, a whistleblowing policy can empower employees to speak up about any concerns they have, without fear of retaliation, which can help to create a more transparent and ethical work environment. Overall, an effective whistleblowing policy can contribute to the long-term success of a company and the broader economy. The findings of this chapter are relevant to policymakers, governments, management, employees, and shareholders to constraining EM in Egyptian firms.

Research Date
Research Department
Research Journal
The Emerald Handbook of Ethical Finance and Corporate Social Responsibility
Research Pages
pp. 135-149
Research Publisher
Emerald Publishing Limited
Research Vol
ISBN: 978-1-80455-407-4, eISBN: 978-1-80455-406-7
Research Website
https://doi.org/10.1108/978-1-80455-406-720241007
Research Year
2024
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