The Effect of Financial Analysts’ Coverage on the Relationship of Stock Liquidity to Stock Price Crash Risk | ||||
| المجلة العلمية للبحوث التجارية (جامعة المنوفية) | ||||
| Articles in Press, Accepted Manuscript, Available Online from 12 February 2024 | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/sjsc.2024.264574.1410 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
دلال محمد  1; السعيد الشرقاوي2
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| 1جامعة الأزهر | ||||
| 2جامعة الزقازيق | ||||
| Abstract | ||||
| This study has tested the effect of stock liquidity on stock price crash risk, and the effect of financial analysts’ coverage as a Modified variable on the relationship between stock liquidity and stock price crash risk in joint stock companies registered in the Egyptian Stock Exchange, represented by 63 joint stock companies in the period from 2018 - 2022, with 15,422 daily views. The outcomes of the study showed a significant positive effect of stock liquidity on stock price crash risk. This study has tested the effect of stock liquidity on stock price crash risk, and the effect of financial analysts’ coverage as a Modified variable on the relationship between stock liquidity and stock price crash risk in joint stock companies registered in the Egyptian Stock Exchange, represented by 63 joint stock companies in the period from 2018 - 2022, with 15,422 daily views. The outcomes of the study showed a significant positive effect of stock liquidity on stock price crash risk. However, as a result of introducing the financial analysts’ coverage as a Modified variable, the relationship between stock liquidity and stock price crash risk disappeared, and the interaction between financial analysts’ coverage and stock liquidity became a significant positive effect on stock price crash risk. | ||||
| Keywords | ||||
| Financial analysts’ coverage, Stock liquidity, Stock price crash risk, EGX 70 index, Moderator variables | ||||
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Statistics Article View: 27 |
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