The Effects of Macroeconomic Factors, Firm-Specific Characteristics, and Corporate Governance Mechanisms on Financial Performance: Evidence from the Egyptian Exchange

Nader Alber and Ahmed Abdul Hameed
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Nader Alber: Ain Shams University
Ahmed Abdul Hameed: Ain Shams University

A chapter in Transformational Trends in Finance, Banking, and Economics, 2025, pp 167-188 from Springer

Abstract: Abstract This chapter examines the effects of macroeconomic factors, firm-specific characteristics, and corporate governance mechanisms on the financial performance of nonfinancial companies listed on the Egyptian Exchange. The study uses a sample of 40 companies from the EGX100 index between 2016 and 2022. The findings reveal that inflation, company size, and CEO duality have a significant positive impact on financial performance, while board size demonstrates a significant negative impact. The influence of company age, company growth, and board independence on financial performance shows varied outcomes. However, interest rate and exchange rate do not exhibit statistically significant relationships with financial performance. These results provide valuable insights for investors, regulators, and company management seeking to understand the factors driving financial performance in the Egyptian market.

Keywords: Financial performance; Egyptian exchange; Macroeconomic factors; Firm-specific factors; Corporate governance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-81532-4_9

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DOI: 10.1007/978-3-031-81532-4_9

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