Purpose – The purpose of this paper is to examine firms' strategies to change long- and short-term debt financing in Egypt. It aims to examine a list of capital structure determinants that include the basic assumptions of the three well-known theories of capital structure: tradeoff, pecking...

This study examines the extent to which the disclosed fundamental financial information is transparent to shareholders in Egypt's stock market. The methodology employs the partial adjustment model to compare between three cases: disclosed, undisclosed and integrated fundamental financial...

This study examines the informativeness of accounting information to three classes of shareholder value; high, medium and low. The results indicate that shareholder value adjusts positively a target level according to the five categories of financial ratios. This shows a high degree of...

This study examines the effects of the accruals vs. cash flow bases on firm's MB ratio as a proxy for shareholder value. The methodology utilizes the benefits of the ‘partial adjustment model' where it addresses the extent to which the shareholder value adjusts to a target level. The final...