the relationship between financial reporting quality and investment efficiency in companies listed on Egyptian stock exchange: An Empirical Study | ||||
| مجلة البحوث التجارية | ||||
| Article 24, Volume 46, Issue 3, July 2024, Page 3-37 PDF (716.03 K) | ||||
| Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة | ||||
| DOI: 10.21608/zcom.2024.276601.1328 | ||||
 View on SCiNiTO | ||||
| Author | ||||
احمد رافت محمد خليل 
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| كليه التجاره جامعة الزقازيق | ||||
| Abstract | ||||
| This study aimed to measure the impact of the quality of financial reports on investment efficiency. Depending on a sample of (96) companies listed on the Egyptian Stock Exchange for the period (2013-2018) and the two-way fixed effects method, the study concluded that high-quality financial reports could reduce moral risks and negative choices between managers and investors. As a result, high-quality financial reporting can reduce underinvestment or overinvestment. Finally, the study found a medium practical indication in the Egyptian accounting environment of the quality of financial reports on investment efficiency (underinvestment and overinvestment). Key words: Financial reporting quality, investment efficiency, underinvestment, overinvestment 1.Introudction Considering the evolutions that have occurred in the world today, especially in developing countries that are faced with numerous threats, these countries to solve their economic problems require strategies for better use of their natural resources and wealth. This is achieved through an optimal use of economic resources to make decisions for increasing investment efficiency because of resource constraints, therefore, investment development is considered one of the most important strategies that countries must rely on to achieve the optimal use of those resources (Mehran, Salteh ,2014) | ||||
| Keywords | ||||
| Financial reporting quality; investment efficiency; underinvestment; overinvestment | ||||
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