قياس وتقييم المقدرة التفسيرية للمعلومات المحاسبية في مجال تقدير القيمة السوقية للبنوك المقيدة بالبورصة المصرية: دراسة تجريبية مقارنة بين فترات الضبابية السياسية وفترات الاستقرار

Abstract

This research addresses the measuring and evaluating the explanatory power of accounting information in the field of estimation of market value of banks listed on the Egyptian exchange, throughout 2010-2020. In terms of analytical-comparable methodology between political fuggy periods and political stability periods.The research includes four sections, the first section is dealing with previous studies related to the measuring and evaluating explanatory power of accounting information in banks listed on the financial exchanges, whereas the second section addresses the explanatory power of accounting at political instability periods, the third section is providing the empirical evidence applying on Egyptian banks listed. Finally the fourth section includes the integrating between main items of the research.The empirical evidence depends on integrated financial indicators, includes one dependent variable which is proxy for market value, and forty nine variables, which are proxies for explanatory variables. The explanatory variables are divided into seven groups, six groups is related to the CAMELS rating and one group is out of CAMELS.The main findings of this research is providing the applying evidence for availability of explanatory power of accounting throughout all analytical period, which is valued of 64.5%, whereas in the case of political fuggy periods is valued to 83.8%, while in political stability periods is 72.3%. The motivation behind these findings is to support accounting information as an objective and reliable information source.The researcher recommends further research efforts in the field of the study and analyzing the relationship between accounting information and market value of financial institutions in general, and banks in particular, especially, the Arabic researches in this field are very limited.