Ph.D: Factors affecting the Sustainable Growth Rate and its impact on Firm Value

Currently, the sustainable growth has become essential for any firm to survive and expand without running into financial problems

This research empirically examines the effect of the Firm Performance accounting indicators as leverage, liquidity, profitability, asset efficiency, and size on the Sustainable Growth Rate (SGR). Moreover, this research also examines the effect of the Sustainable Growth Rate on the value of firms listed in the Egyptian Stock Market. The research use a sample of Egyptian listed firms for 5 year’s period starting from 2015 till 2019. The empirical results have found statistically significant positive relationships between the SGR and the firm leverage, profitability, and firm asset efficiency. However, there is a statistically significant negative relationship between the SGR and the size of the firm. Meanwhile, the relationship between the SGR and the firm’s liquidity is insignificant. In addition, the empirical results have found a statistically significant positive effect of the SGR on the Firm Value for firms listed in the Egyptian Stock Market. This research recommends that the financial regulatory authority to establish a database for listed Egyptian firms according to their sustainable growth rate to attract potential investors as well as to attract and enhance foreign investments. Moreover, the research recommends that Accounting Departments in the Egyptian Universities should focus on the sustainable growth rate issue in their conferences to enhance the awareness of .the Egyptian firms by this topic; thus firms will be able to compete, expand and perform well in the long run without running into financial problems

 

Dr / Dalia Muhammed Khairy El Madbouly

Faculty of Commerce - Damanhour University

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قراءة 444 مرات آخر تعديل في الإثنين, 27 يونيو 2022 09:02

الموضوعات ذات الصلة

سجل الدخول لتتمكن من التعليق

 

في المحاسبين العرب، نتجاوز الأرقام لتقديم آخر الأخبار والتحليلات والمواد العلمية وفرص العمل للمحاسبين في الوطن العربي، وتعزيز مجتمع مستنير ومشارك في قطاع المحاسبة والمراجعة والضرائب.

النشرة البريدية

إشترك في قوائمنا البريدية ليصلك كل جديد و لتكون على إطلاع بكل جديد في عالم المحاسبة

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محظور

جميع النصوص و الصور محمية بحقوق الملكية الفكرية و لا نسمح بالنسخ الغير مرخص

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