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The Effect of Adopting International Financial Reporting Standards (IFRS) on Stock Price Crash Risk "An Empirical Study on Egyptian Listed Companies"

Article

Last updated: 04 Jan 2025

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Tags

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Abstract

The main objective of this research was to investigate the relationship between stock price crash risk and International Financial Reporting Standards (IFRS) adoption. 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 positive insignificant relationship between International Financial Reporting Standards (IFRS) adoption and stock price crash risk. The researcher recommends management of firms listed on the Egyptian Stock Exchange to increase accounting information disclosure level in the financial reports with high transparency, and increasing voluntary disclosure level in order to reduce the problem of information asymmetry, which contributes to reduce stock price crash risk. In addition, researchers to be aware of the importance of conducting further accounting studies and research on determining the determinants and effects of stock price crash risk in the Egyptian business environment.

DOI

10.21608/mosj.2023.313020

Keywords

IFRS adoption - 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

60

Page End

82

Print ISSN

1687-3440

Online ISSN

2682-3349

Link

https://mosj.journals.ekb.eg/article_313020.html

Detail API

https://mosj.journals.ekb.eg/service?article_code=313020

Order

313,020

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 Adopting International Financial Reporting Standards (IFRS) on Stock Price Crash Risk "An Empirical Study on Egyptian Listed Companies"

Details

Type

Article

Created At

25 Dec 2024