The Moderating Effect of Institutional Ownership on the relationship between Characteristics of Board of Directors and Accounting Conservatism, Evidence from Listed Companies in Egypt, An Applied Study.
Ibrahim Srour, M. (2024). The Moderating Effect of Institutional Ownership on the relationship between Characteristics of Board of Directors and Accounting Conservatism, Evidence from Listed Companies in Egypt, An Applied Study.. EKB Journal Management System, 15(1), 1-34. doi: 10.21608/jces.2024.356333
Mohamed Ibrahim Srour. "The Moderating Effect of Institutional Ownership on the relationship between Characteristics of Board of Directors and Accounting Conservatism, Evidence from Listed Companies in Egypt, An Applied Study.". EKB Journal Management System, 15, 1, 2024, 1-34. doi: 10.21608/jces.2024.356333
Ibrahim Srour, M. (2024). 'The Moderating Effect of Institutional Ownership on the relationship between Characteristics of Board of Directors and Accounting Conservatism, Evidence from Listed Companies in Egypt, An Applied Study.', EKB Journal Management System, 15(1), pp. 1-34. doi: 10.21608/jces.2024.356333
Ibrahim Srour, M. The Moderating Effect of Institutional Ownership on the relationship between Characteristics of Board of Directors and Accounting Conservatism, Evidence from Listed Companies in Egypt, An Applied Study.. EKB Journal Management System, 2024; 15(1): 1-34. doi: 10.21608/jces.2024.356333

The Moderating Effect of Institutional Ownership on the relationship between Characteristics of Board of Directors and Accounting Conservatism, Evidence from Listed Companies in Egypt, An Applied Study.

المجلة العلمية للدراسات التجارية والبيئية
Article 1, Volume 15, Issue 1, January 2024, Page 1-34  XML PDF (547.79 K)
Document Type: المقالة الأصلية
DOI: 10.21608/jces.2024.356333
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Author
Mohamed Ibrahim Srour*
Lecturer of Accounting, Department of Accounting, Tanta University, Egypt
Abstract
This study aims to investigate the Moderating effect of  Institutional Ownership on the relationship between Board of Directors’ Characteristics and Accounting Conservatism. Using a sample of 64 non-financial firms listed in Egyptian Stock Exchange (EGX 100) from 2016 to 2021, which yielded 384 firm-year observations. This research employs structural equation modeling using Smart-PLS 4. The results find that there is a positive effect for the independent variables of the Board of Director Characteristics, namely (Board diversity (BD) –Board size (BS) – Board Meetings (BM) – Board independence (BI)) on Accounting Conservatism. Also, there is a positive effect for Institutional Ownership on Accounting Conservatism, Additionally, the results of the path analysis indicate that Institutional ownership strengthens the relationship between Board of Directors’ Characteristics and Accounting Conservatism, indicating a complementary effect where Institutional Ownership enhance the Board of Directors’ Characteristics’ positive signal. This research significantly contributes both empirically and theoretically by confirming the hypothesized relationships within the Egyptian Stock Exchange. Overall, this paper enhances understanding of the linkages between Institutional Ownership, Board of Directors’ Characteristics, and Accounting Conservatism.
تهدف هذه الدراسة إلى اختبار اثر الملكية المؤسسية على العلاقة بين خصائص مجلس الإدارة والتحفظ المحاسبي ، باستخدام عينة مكونة من 64 شركة غير مالية مدرجة في البورصة المصرية (EGX 100) من عام 2016 إلى عام 2021. يستخدم هذا البحث نمذجة المعادلات الهيكلية باستخدام Smart-PLS 4. وقد توصلت النتائج إلى وجود تأثير إيجابي للمتغيرات المستقلة لخصائص مجلس الإدارة وهي (تنوع مجلس الإدارة (BD) – حجم مجلس الإدارة (BS) – اجتماعات مجلس الإدارة (BM) ) ) – استقلال مجلس الإدارة (BI)) بشأن التحفظ المحاسبي. كما أن هناك تأثير إيجابي للملكية المؤسسية على التحفظ المحاسبي، بالإضافة إلى ذلك، تشير نتائج تحليل المسار إلى أن الملكية المؤسسية تعزز العلاقة بين خصائص مجلس الإدارة والتحفظ المحاسبي، مما يدل على وجود تأثير تكميلي حيث تعزز الملكية المؤسسية خصائص مجلس الإدارة. تقدم هذه الدراسة مساهمات تجريبية ونظرية أساسية من خلال التحقق من صحة العلاقات المفترضة بالتطبيق على  البورصة المصرية. وبشكل عام، يعزز هذا البحث فهم الروابط بين الملكية المؤسسية، وخصائص مجلس الإدارة، والتحفظ المحاسبي.
Keywords
Institutional Ownership; Board of Directors’ Characteristics; Accounting Conservatism; Egypt الملكية المؤسسية; خصائص مجلس الإدارة; التحفظ المحاسبي
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