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313019

The Effect of Audit quality on Stock Price Crash Risk "An Empirical Study on Egyptian Listed Companies"

Article

Last updated: 25 Dec 2024

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Tags

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Abstract

The main objective of this research was to measure the impact of audit quality on stock price crash risk. The sample of the study included 125 nonfinancial listed companies on the Egyptian Stock Exchange during the period from 2016 to 2019. The  total number of observations was 490 observation after excluding 10 observations due to incomplete data. The research results concluded a negative significant relationship between audit quality and stock price crash risk. The researcher recommends setting strong regulatory mechanisms to enhance high-quality audits, which in turn would reduce stock price crash risk. Also, depending on big audit offices, because of the expertise and skills they have will increase audit quality level, consequently reducing stock price crash risk. In addition, setting the necessary controls and legislation to limit the actions of opportunistic managers and prevent them from withholding bad news, enhancing transparency and improving audit quality, which reduces stock price crash risk.

DOI

10.21608/mosj.2023.313019

Keywords

Audit quality - Stock price crash risk, Egyptian Listed Firms

Authors

First Name

Mahmoud

Last Name

Mostafa

MiddleName

-

Affiliation

كلية التجارة - جامعة بنى سويف

Email

drmahmoud644@gmail.com

City

-

Orcid

-

Volume

33

Article Issue

2

Related Issue

42918

Issue Date

2023-08-01

Receive Date

2023-08-16

Publish Date

2023-08-01

Page Start

38

Page End

59

Print ISSN

1687-3440

Online ISSN

2682-3349

Link

https://mosj.journals.ekb.eg/article_313019.html

Detail API

https://mosj.journals.ekb.eg/service?article_code=313019

Order

313,019

Type

المقالة الأصلية

Type Code

1,226

Publication Type

Journal

Publication Title

مجلة الدراسات المالية والتجارية

Publication Link

https://mosj.journals.ekb.eg/

MainTitle

The Effect of Audit quality on Stock Price Crash Risk "An Empirical Study on Egyptian Listed Companies"

Details

Type

Article

Created At

25 Dec 2024