• English
    • Welsh
  • English 
    • English
    • Welsh
  • Login
Search DSpace:
  • Home
  • Research at Cardiff Met
  • Library Services
  • Contact Us
View item 
  • DSpace home
  • Theses
  • PhD theses \ Traethodau PhD
  • View item
  • DSpace home
  • Theses
  • PhD theses \ Traethodau PhD
  • View item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Measuring the effect of the board of directors and audit committee characteristics on firm financial performance in Egypt

Thumbnail
View/open
Mrwan Amer Final PhD signed.pdf (1.731Mb)
Author
Amer, Mrwan
Date
2016
Type
Thesis
Publisher
Cardiff Metropolitan University
Metadata
Show full item record
Abstract
Corporate governance mechanisms are formed of different building blocks; the board of directors and audit committees are considered to be of the main ones. Nowadays, there has been a significant change, worldwide, in the guidelines and relationships connecting the shareholders, the boards, and the corporate management. The size of foreign investment attracted to Egypt, being an evolving market, has been growing in the past ten years. Corporate governance quality and firm performance are considered among the most important factors for investors in the Egyptian market. This research investigates the influence of board of directors and audit committee characteristics on the firm‘s financial performance. Nine attributes have been revealed from the literature review that might affect the improvement of a firm‘s financial performance. In corporate governance, these attributes are categorized into board of directors‘ characteristics: board independence, size, CEO duality, director ownership, and board meetings frequency; and audit committee related characteristics: size, audit committee independence, meeting frequency, and financial expertise. Two models are constructed and 56 firms listed on the Egyptian stock exchange are used in this research as a sample for testing these models. The research covers a nine-year period (2004-2012). Nine hypotheses are derived from the two models. GLS (random effects) regression is used to test these hypotheses. The overall results revealed that board and audit committee characteristics affect a firm‘s financial performance. The results reveal that board size, meetings frequency and CEO duality are positively and significantly associated with firm performance. Furthermore, audit committee independence, frequency of meetings and financial expertise have a significant positive association with firm performance, while audit committee size has a considerably negative association with firm performance. This research contributes to the literature regarding how corporate governance improves a firm‘s financial performance in Egypt. Participants in the stock market would benefit from the results when evaluating the board of directors and the audit committee roles in improving the firm‘s financial performance. Regulators can use the findings of this research to help them identify the essential attributes of corporate governance and to evaluate the board of directors and audit committee governance practices.
URI
http://hdl.handle.net/10369/8132
Description
PhD Thesis - School of Management
Collections
  • PhD theses \ Traethodau PhD [469]

Related items

Showing items related by title, author, subject and abstract.

  • Thumbnail

    Relationship between Internal Corporate Governance Mechanisms and Shareholder Value in the Banking Sector in Bangladesh: The Mediating Effect of Non-Equity Stakeholders 

    Hossain, Mohammad Kamal (Cardiff Metropolitan University, 2020)
    Contemporary corporate governance models, namely the shareholder and stakeholder models, offer different advice on how best to manage and maximise the interests of the shareholders in a firm. While the shareholder model ...
  • Thumbnail

    The impact of corporate culture and corporate governance on bank performance in Egypt 

    Metwally, Afaf (Cardiff Metropolitan University, 2021)
    Economic changes expose financial institutions to a wide range of risks. The crumbling of business enterprises and corporate scandals lead to loss of credibility. Unlike other non-financial institutions, banks are unique ...
  • Thumbnail

    The effect of board structure on mutual funds' performance and fee structure in the Egyptian stock market and the effect of board structure on stock picking and market timing abilities of the Egyptian mutual fund managers: Evidence from financial crisis 

    Youssef, Nancy (Cardiff Metropolitan University, 2016)
    The purpose of this thesis is to investigate whether mutual fund governance has an effect on fund performance, fee structure, and stock selection and market timing of the Egyptian fund managers' pre-and-post 2007-2008 ...

Browse

DSpace at Cardiff MetCommunities & CollectionsBy issue dateAuthorsTitlesSubjectsThis collectionBy issue dateAuthorsTitlesSubjects

My Account

Login

Statistics

Most Popular ItemsStatistics by CountryMost Popular Authors

DSpace software copyright © 2002-2015  DuraSpace
Contact us | Send feedback | Administrator