The Relationship between Corporate Ownership Structure and Earnings' Quality and its Implications for Stock Prices: An Empirical Study
Ahmed Mohsen Mohamed, A. (2015). The Relationship between Corporate Ownership Structure and Earnings' Quality and its Implications for Stock Prices: An Empirical Study. EKB Journal Management System, 6(ملحق العدد الرابع), 686-723. doi: 10.21608/jces.2015.51494
Ayah Ahmed Mohsen Mohamed. "The Relationship between Corporate Ownership Structure and Earnings' Quality and its Implications for Stock Prices: An Empirical Study". EKB Journal Management System, 6, ملحق العدد الرابع, 2015, 686-723. doi: 10.21608/jces.2015.51494
Ahmed Mohsen Mohamed, A. (2015). 'The Relationship between Corporate Ownership Structure and Earnings' Quality and its Implications for Stock Prices: An Empirical Study', EKB Journal Management System, 6(ملحق العدد الرابع), pp. 686-723. doi: 10.21608/jces.2015.51494
Ahmed Mohsen Mohamed, A. The Relationship between Corporate Ownership Structure and Earnings' Quality and its Implications for Stock Prices: An Empirical Study. EKB Journal Management System, 2015; 6(ملحق العدد الرابع): 686-723. doi: 10.21608/jces.2015.51494

The Relationship between Corporate Ownership Structure and Earnings' Quality and its Implications for Stock Prices: An Empirical Study

المجلة العلمية للدراسات التجارية والبيئية
Article 22, Volume 6, ملحق العدد الرابع - Serial Number 4, October 2015, Page 686-723  XML PDF (639.15 K)
Document Type: المقالة الأصلية
DOI: 10.21608/jces.2015.51494
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Author
Ayah Ahmed Mohsen Mohamed*
Abstract
يهدف هذا البحث الى اختبار العلاقة بين ملکية الموسسات المالية و ملکية الإداره و جوده الأرباح المحاسبية و مدى تأثير و إنعکاس هذه العلاقة على أسعار الأسهم للشرکات المسجلة بالبورصة المصرية. وقد اوضحت نتائج البحث وجود تأثير معنوى سلبي لکل من ملکية المؤسسات المالية و ملکية الإدارة على جوده الأرباح.
کما أوضحت النتائج وجود تأثير معنوي سلبي لجوده الأرباح على أسعار الأسهم. أوضحت النتائج أيضا وجود تأثير معنوي إيجابي غير مباشر لکل من ملکية المؤسسات المالية و ملکية الإدارة على أسعار الأسهم من خلال تأثيرها على جوده الأرباح
Abstract:
This study aims to examine the relationship between the level of institutional as well as managerial ownership and the quality of reported earnings. Besides, this study aims to address the capital market consequences of this relationship by examining its impact on the firm stock price. The results have shown that higher level of managerial ownership has a significant negative impact on the quality of reported earnings.The results have also shown that higher level institutional ownership has a significant negative impact on the quality of reported earnings. Finally, the results have shown that the level of institutional ownership as well as managerial ownership has a significant indirect positive impact on the firm stock prices through its impact on the quality of reported earnings.

 
 
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