The Effect of Financial Analysts’ Coverage on the Relationship of Stock Liquidity to Stock Price Crash Risk

نوع المستند : المقالة الأصلية

المؤلفون

1 جامعة الأزهر

2 جامعة الزقازيق

المستخلص

This study has tested the effect of stock liquidity on stock price crash risk, and the effect of financial analysts’ coverage as a Modified variable on the relationship between stock liquidity and stock price crash risk in joint stock companies registered in the Egyptian Stock Exchange, represented by 63 joint stock companies in the period from 2018 - 2022, with 15,422 daily views. The outcomes of the study showed a significant positive effect of stock liquidity on stock price crash risk. This study has tested the effect of stock liquidity on stock price crash risk, and the effect of financial analysts’ coverage as a Modified variable on the relationship between stock liquidity and stock price crash risk in joint stock companies registered in the Egyptian Stock Exchange, represented by 63 joint stock companies in the period from 2018 - 2022, with 15,422 daily views. The outcomes of the study showed a significant positive effect of stock liquidity on stock price crash risk. However, as a result of introducing the financial analysts’ coverage as a Modified variable, the relationship between stock liquidity and stock price crash risk disappeared, and the interaction between financial analysts’ coverage and stock liquidity became a significant positive effect on stock price crash risk.

الكلمات الرئيسية

الموضوعات الرئيسية

المجلة العلمية للبحوث التجارية (جامعة المنوفية)

المقالات الجاهزة للنشر، المقال المقبول
استمارة إلكترونية متاحة 12 February 2024

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