Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.275734.1925
Ahmed Elgayar
: The purpose of this study is to investigate how country liquidity risk management influences the potential impact of country credit risk management on the performance of the commercial banks sector in Egypt. The research methodology employed an empirical approach, collecting secondary data from the Egyptian banking sector spanning from 2012 to 2022. This analysis focuses on the three largest commercial banks dominating the Egyptian market, namely the National Bank of Egypt (NBE), Banque Misr (BM), and Banque du Caire (BdC). Three hypotheses were formulated, and empirical time-series simple linear and multiple regression models were utilized to test these hypotheses. The findings confirm the validity of all three hypotheses and provide insights into the relationships among the variables outlined in these hypotheses. Notably, the results align with the expected theoretical impact . For
{"title":"The Impact of Country Credit Risk Management on the Egyptian Commercial Banks’ Performance - The Moderating Role of Country Liquidity Risk Management","authors":"Ahmed Elgayar","doi":"10.21608/cfdj.2024.275734.1925","DOIUrl":"https://doi.org/10.21608/cfdj.2024.275734.1925","url":null,"abstract":": The purpose of this study is to investigate how country liquidity risk management influences the potential impact of country credit risk management on the performance of the commercial banks sector in Egypt. The research methodology employed an empirical approach, collecting secondary data from the Egyptian banking sector spanning from 2012 to 2022. This analysis focuses on the three largest commercial banks dominating the Egyptian market, namely the National Bank of Egypt (NBE), Banque Misr (BM), and Banque du Caire (BdC). Three hypotheses were formulated, and empirical time-series simple linear and multiple regression models were utilized to test these hypotheses. The findings confirm the validity of all three hypotheses and provide insights into the relationships among the variables outlined in these hypotheses. Notably, the results align with the expected theoretical impact . For","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"77 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141696035","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.263398.1893
Mohammed Soliman, Rana Ibrahim, Youmna Youssef
This study aims to examine the effect of job embeddedness on creative performance. A questionnaire was used to collect data from 381 employees of mobile telecommunication companies in Egypt. The hypothesized relationship was tested by using the partial least squares structural equation modeling technique (PLS-SEM). The results indicate that job embeddedness dimensions, namely links, fit, and sacrifices have a significant positive effect on creative performance. These findings show that strengthening employee ’s links with co-workers, supervisors, and customers, ensuring a good fit with the job, and preventing the sacrifice of organizational benefits can improve creative performance. This research integrates philosophies from job embeddedness theory and previous management studies into a more employee-centered approach. Thus, this paper contributes to the existing literature by providing evidence that job embeddedness enhances employees’ creative performance. Theoretical and practical implications are discussed. In addition, limitations and future research directions are presented.
{"title":"The Effect of Job Embeddedness on Creative Performance: An Empirical Study on Mobile Telecommunication Companies in Egypt","authors":"Mohammed Soliman, Rana Ibrahim, Youmna Youssef","doi":"10.21608/cfdj.2024.263398.1893","DOIUrl":"https://doi.org/10.21608/cfdj.2024.263398.1893","url":null,"abstract":"This study aims to examine the effect of job embeddedness on creative performance. A questionnaire was used to collect data from 381 employees of mobile telecommunication companies in Egypt. The hypothesized relationship was tested by using the partial least squares structural equation modeling technique (PLS-SEM). The results indicate that job embeddedness dimensions, namely links, fit, and sacrifices have a significant positive effect on creative performance. These findings show that strengthening employee ’s links with co-workers, supervisors, and customers, ensuring a good fit with the job, and preventing the sacrifice of organizational benefits can improve creative performance. This research integrates philosophies from job embeddedness theory and previous management studies into a more employee-centered approach. Thus, this paper contributes to the existing literature by providing evidence that job embeddedness enhances employees’ creative performance. Theoretical and practical implications are discussed. In addition, limitations and future research directions are presented.","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141711400","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.299119.1992
marwa kamal
The concept of external debt sustainability gains importance because it relates to responsible policies that ensure macroeconomic stability. One stability rule of external debt is that the ratio of net debt to GDP be equal to or less than the present value of the ratio of net exports to GDP plus the interest differential times the ratio of total assets to GDP. This paper used a probabilistic approach to examine the sustainability of Egypt’s external debt, considering that sustainability requires the net debt to be less than or equal to the present value of net exports. We have applied VAR methodology using a quarterly panel dataset comprising 2010 – 2023. The estimated parameters were then used in a Monte Carlo simulation to calculate the distribution of the repayment capacity. Our empirical analysis led us to conclude that there is evidence of the unsustainability of Egypt’s external debt. Accordingly, Egypt must balance domestic adjustment and foreign borrowing adequately.
外债可持续性的概念之所以重要，是因为它与确保宏观经济稳定的负责任政策有关。外债的一条稳定规则是，净债务与国内生产总值的比率等于或小于净出口与国内生产总值的比率加上利息差额乘以总资产与国内生产总值的比率的现值。考虑到可持续性要求净债务小于或等于净出口的现值，本文采用概率方法来研究埃及外债的可持续性。我们利用 2010-2023 年的季度面板数据集，采用了 VAR 方法。然后，在蒙特卡罗模拟中使用估计参数来计算偿还能力的分布。通过实证分析，我们得出结论：有证据表明埃及的外债不可持续。因此，埃及必须充分平衡国内调整和国外借贷。
{"title":"External Debt Sustainability in Egypt’s economy: A probabilistic Approach","authors":"marwa kamal","doi":"10.21608/cfdj.2024.299119.1992","DOIUrl":"https://doi.org/10.21608/cfdj.2024.299119.1992","url":null,"abstract":"The concept of external debt sustainability gains importance because it relates to responsible policies that ensure macroeconomic stability. One stability rule of external debt is that the ratio of net debt to GDP be equal to or less than the present value of the ratio of net exports to GDP plus the interest differential times the ratio of total assets to GDP. This paper used a probabilistic approach to examine the sustainability of Egypt’s external debt, considering that sustainability requires the net debt to be less than or equal to the present value of net exports. We have applied VAR methodology using a quarterly panel dataset comprising 2010 – 2023. The estimated parameters were then used in a Monte Carlo simulation to calculate the distribution of the repayment capacity. Our empirical analysis led us to conclude that there is evidence of the unsustainability of Egypt’s external debt. Accordingly, Egypt must balance domestic adjustment and foreign borrowing adequately.","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"75 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141844038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.268063.1905
حسام الدين اسماعيل
{"title":"الأهمية الاقتصادية لصادرات التكنولوجيا المتقدمة في كوريا الجنوبية","authors":"حسام الدين اسماعيل","doi":"10.21608/cfdj.2024.268063.1905","DOIUrl":"https://doi.org/10.21608/cfdj.2024.268063.1905","url":null,"abstract":"","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"9 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141698264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.273708.1921
اسلام عبدالحكيم كامل صيام
: Through risk mitigation, investment encouragement, and financial market stabilization, the insurance sector plays a critical role in promoting economic stability. But there are inherent difficulties in the business, especially when it comes to managing credit risk, which is brought on by things like non-defaulting borrowers, unpaid premiums, and unpaid reinsurance amounts. This study examines how credit risk is affected by macroeconomic, industry-specific, and insurance company specific factors in Egyptian property and liability insurance companies between 2012 and 2022. In order to examine the relationships between credit risk, which is represented by three components: uncollected premiums, reinsurance, and bonds as dependent variables, and key independent variables like market share, ownership concentration, return on equity, insurance size, premium growth rate, and economic indicators like GDP, inflation, public debt, and unemployment. The study uses a variety of regression models, including pooled, fixed effects, and random effects regressions. Additionally, endogeneity and time persistence in credit risk structures are studied through the use of the Generalized Method of Moments (GMM). The robustness of the dynamic model is validated by the Sargan test and autocorrelation tests (AR (1) and AR (2)) which verify the efficiency of the used tools and the lack of serial correlation. The findings demonstrate the importance of factors in determining credit risk, including Return on equity (ROE), Premiums growth rate, Insurance Size, Insurance Capitalization, and economic indicators. This study offers insights for credit risk management and strategic decision-making in the insurance industry, furthering our understanding of credit risk in Egyptian markets.
:通过降低风险、鼓励投资和稳定金融市场，保险业在促进经济稳定方面发挥着至关重要的作用。但保险业也存在固有的困难，尤其是在管理信用风险方面，信用风险是由借款人违约、未付保费和未付再保险金额等因素造成的。本研究探讨了 2012 年至 2022 年期间埃及财产和责任保险公司的信用风险如何受到宏观经济、特定行业和保险公司特定因素的影响。信用风险由三个部分组成：未收缴保费、再保险和债券作为因变量，为了研究信用风险与市场份额、所有权集中度、股本回报率、保险规模、保费增长率等关键自变量以及国内生产总值、通货膨胀、公共债务和失业率等经济指标之间的关系。研究采用了多种回归模型，包括集合回归、固定效应回归和随机效应回归。此外，还使用广义矩法（GMM）研究了信贷风险结构的内生性和时间持久性。萨根检验和自相关检验（AR (1) 和 AR (2)）验证了动态模型的稳健性，证明了所使用工具的效率和缺乏序列相关性。研究结果表明了决定信贷风险的各种因素的重要性，包括股本回报率（ROE）、保费增长率、保险规模、保险资本化和经济指标。这项研究为保险业的信用风险管理和战略决策提供了启示，进一步加深了我们对埃及市场信用风险的了解。
{"title":"Comprehensive Analysis of Credit Risk Determinants in the Egyptian Property and Casualty Insurance Sector: Exploring Macroeconomic, Industrial, and Company Specific Factors","authors":"اسلام عبدالحكيم كامل صيام","doi":"10.21608/cfdj.2024.273708.1921","DOIUrl":"https://doi.org/10.21608/cfdj.2024.273708.1921","url":null,"abstract":": Through risk mitigation, investment encouragement, and financial market stabilization, the insurance sector plays a critical role in promoting economic stability. But there are inherent difficulties in the business, especially when it comes to managing credit risk, which is brought on by things like non-defaulting borrowers, unpaid premiums, and unpaid reinsurance amounts. This study examines how credit risk is affected by macroeconomic, industry-specific, and insurance company specific factors in Egyptian property and liability insurance companies between 2012 and 2022. In order to examine the relationships between credit risk, which is represented by three components: uncollected premiums, reinsurance, and bonds as dependent variables, and key independent variables like market share, ownership concentration, return on equity, insurance size, premium growth rate, and economic indicators like GDP, inflation, public debt, and unemployment. The study uses a variety of regression models, including pooled, fixed effects, and random effects regressions. Additionally, endogeneity and time persistence in credit risk structures are studied through the use of the Generalized Method of Moments (GMM). The robustness of the dynamic model is validated by the Sargan test and autocorrelation tests (AR (1) and AR (2)) which verify the efficiency of the used tools and the lack of serial correlation. The findings demonstrate the importance of factors in determining credit risk, including Return on equity (ROE), Premiums growth rate, Insurance Size, Insurance Capitalization, and economic indicators. This study offers insights for credit risk management and strategic decision-making in the insurance industry, furthering our understanding of credit risk in Egyptian markets.","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"75 S2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141697555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.261731.1889
,وفاء فنجري مرزوق سعيد
{"title":"أثر الجينات التنظيمية عبر الإدارة الاستراتيجية للموارد البشرية كمتغير وسيط على تطبيق ممكنات نموذج التميز الأوروبي EFQM دراسة تطبيقية على اتحاد الغرفة التجارية بالقاهرة","authors":",وفاء فنجري مرزوق سعيد","doi":"10.21608/cfdj.2024.261731.1889","DOIUrl":"https://doi.org/10.21608/cfdj.2024.261731.1889","url":null,"abstract":"","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"110 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141694976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.270359.1914
نايف فوزي الرويلي
{"title":"الدور الوسيط لعمليات إدارة المعرفة في العلاقة بين اليقظة الاستراتيجية والتغيير التنظيمي: دراسة تطبيقية على العاملين بجامعة الحدود الشمالية","authors":"نايف فوزي الرويلي","doi":"10.21608/cfdj.2024.270359.1914","DOIUrl":"https://doi.org/10.21608/cfdj.2024.270359.1914","url":null,"abstract":"","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"68 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141697862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2023.246900.1849
سحر احمد حسن يوسف
{"title":"أثر إجمالى تكوين رأس المال على النمو الاقتصادي في مصرخلال الفترة 1990 – 2023","authors":"سحر احمد حسن يوسف","doi":"10.21608/cfdj.2023.246900.1849","DOIUrl":"https://doi.org/10.21608/cfdj.2023.246900.1849","url":null,"abstract":"","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"11 15","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141700645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.275399.1924
شريف بودري
{"title":"أزمة ديون سيادية في الدول المنخفضة الدخل تقترب- كيف يمكن تفاديها؟ (دراسة مقارنة مع أزمة 1994)","authors":"شريف بودري","doi":"10.21608/cfdj.2024.275399.1924","DOIUrl":"https://doi.org/10.21608/cfdj.2024.275399.1924","url":null,"abstract":"","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"22 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141703989","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-01DOI: 10.21608/cfdj.2024.293208.1976
Yasmine Safwat Ibrahim Hassan, Ahmed Mahmoud Mohamed Youssef, Nancy Mohamed Mahmoud Ahmed
The main objective of this study is to examine the moderating role of corporate sustainability management on the relationship between cost stickiness and earnings management. In this research, a sample of 256 observations from 65 Egyptian firms listed on the Egyptian Stock Exchange is used for a period of five years, from 2018 to 2022. The ordinary Least Squares (OLS) regression is applied for four multiple regression models to test the research hypotheses. Cost stickiness is measured by the model of Homburg and Nasev (2008) and selling, general, and administrative expenses are used as a proxy for cost stickiness. Discretionary accruals estimated from the modified Jones model (1995) are used to measure earnings management, and the S&P Global ESG Score is used to assess a company's sustainability performance, determined by aggregating its environmental, social, and governance dimension scores. The results reveal a significant positive relationship between cost stickiness and earnings management. Moreover, it is found that corporate sustainability management has a significant negative effect on cost stickiness. Additionally, corporate sustainability management has a positive significant effect on earnings management. Finally, the findings indicate that corporate sustainability management moderates the relationship between cost stickiness and earnings management, implying that corporate sustainability management reduces the positive impact of cost stickiness on earnings management.
{"title":"Does Corporate Sustainability Management Moderate the Relationship Between Cost Stickiness and Earnings Management? The Case of Egypt","authors":"Yasmine Safwat Ibrahim Hassan, Ahmed Mahmoud Mohamed Youssef, Nancy Mohamed Mahmoud Ahmed","doi":"10.21608/cfdj.2024.293208.1976","DOIUrl":"https://doi.org/10.21608/cfdj.2024.293208.1976","url":null,"abstract":"The main objective of this study is to examine the moderating role of corporate sustainability management on the relationship between cost stickiness and earnings management. In this research, a sample of 256 observations from 65 Egyptian firms listed on the Egyptian Stock Exchange is used for a period of five years, from 2018 to 2022. The ordinary Least Squares (OLS) regression is applied for four multiple regression models to test the research hypotheses. Cost stickiness is measured by the model of Homburg and Nasev (2008) and selling, general, and administrative expenses are used as a proxy for cost stickiness. Discretionary accruals estimated from the modified Jones model (1995) are used to measure earnings management, and the S&P Global ESG Score is used to assess a company's sustainability performance, determined by aggregating its environmental, social, and governance dimension scores. The results reveal a significant positive relationship between cost stickiness and earnings management. Moreover, it is found that corporate sustainability management has a significant negative effect on cost stickiness. Additionally, corporate sustainability management has a positive significant effect on earnings management. Finally, the findings indicate that corporate sustainability management moderates the relationship between cost stickiness and earnings management, implying that corporate sustainability management reduces the positive impact of cost stickiness on earnings management.","PeriodicalId":176283,"journal":{"name":"المجلة العلمية للدراسات والبحوث المالية والتجارية","volume":"135 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141695061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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