Volatility of Returns on Working Capital of Insurance Firms in Egypt | ||||
| مجلة جامعة جنوب الوادى الدولية للبحوث التجارية | ||||
| Volume 3, Issue 1, June 2019, Page 227-242 PDF (335.79 K) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/mgsji.2019.282486 | ||||
 View on SCiNiTO | ||||
| Author | ||||
| Salah Mohamed Eladly | ||||
| Abstract | ||||
| The objective of this article is to examine the association between volatility of returns measured by (volatility of return on equity –volatility of return on assets)and natural logarithm of total assets with working capital measured by current ratio–liquidity ratio and quick ratio, as a sample of nineteen Egyptian insurance companies over the period 1999– 2019, using two stages least square and Canonical correlation Analysis. The results elucidated that there is a significant positive effect of the predictor variables volatility of return on equity, on the dependent variable current ratio, but a significant negative effect of the predictor variable volatility of return on assets, and natural logarithm of total asset lnx3on the dependent current asset. Furthermore, there is a significant negative effect of the predictor variable natural logarithm of total asset lnx3 on the dependent variables current asset and liquidity | ||||
| Keywords | ||||
| volatility of return on equity; volatility of return on asset; two stage least square | ||||
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