The present paper attempts to study the economic and financial crises of 15th century Egypt, which was ruled by Mamluk dynasty. Two social thinkers of the time – al-Maqrizi at the beginning of the century and al-Asadi at the middle – addressed the situation. To the former, deterioration of...

This paper assesses several early warning (EWS) models of financial crises to propose a model that can predict the incidence of a currency crisis in developing countries. For this purpose, we employ the equal weighting (EW) and dynamic model averaging (DMA) approaches to combine forecast from...

This study evaluates overall monthly performances of 8 Islamic mutual funds (IMFs) in comparison with 24 conventional mutual funds (CMFs) for the period of January 2006 to December 2011 (96 months) divided into pre-financial crisis phase (27 months) and during financial crisis phase (45 months)....

This research aims to look at how firm characteristics and audit quality can affect the earning management practices in the Egyptian context, within the period of 2011–2019. This period was after the Egyptian revolution and has not been well investigated in Egypt, especially after the new...

This paper investigates the effect of the introduction of day trading on the Egyptian stock market. We applied a GARCH (1, 1) – GED model on daily returns and volumes of 41 companies listed in the Egyptian Stock market for the period from 2004 to 2008. The results suggest that day trading...

This paper examines the efficiency in pricing securities as well as the relation between exchange rate and dynamics of equity returns in a number of emerging stock markets from Africa and Asia,. This study utilizes methodologies based on Single variance ratio test of Lo and Mackinlay (1988),...

This paper examines the efficiency in pricing securities as well as the relation between exchange rate and dynamics of equity returns in a number of emerging stock markets from Africa and Asia,. This study utilizes methodologies based on Single variance ratio test of Lo and Mackinlay (1988),...

Purpose: the paper aims at examining the existence of herding behaviour in two opposite market condition: bullish and bearish. Design/method/approach: Christie and Huang (1995) and Chang et al. (2000) Methods are used in the study. The sample includes daily and monthly data of listed companies...

The purpose of this study is to test the relationship between GDR Conversion in the Egyptian Stock Market and the USD/EGP Exchange Rate. Our study is mainly motivated by the paucity of similar studies in context of MENA capital markets and in most other emerging markets.Lately a problem aroused...

Good corporate governance is essential for companies in reaching their full competitive potential in the global marketplace with unimpeded access to capital for their growth. During the recent years, Egypt has embraced a reform agenda that resulted in significant economic growth and substantial...