The impact of financial factors on the stock prices of Egyptian listed Banks = تأثير العوامل المالية على أسعار أسهم البنوك المسجلة بالبورصة المصرية / Mona Abdelfattah Ibrahim Mettwally ; Supervised Ebtihag Moustafa Abdelrahman

Thesis (Ph.D.) - Cairo University - Faculty of Commerce - Department of Business Administration

Last decades the financial industry witnessed a fundamental changes and enhancement. The banks{u201F} stock price is one of most important indicators in banking industry and market stock exchange. Due to the banks {u201F}competitiveness increasing, the banks{u201F} management employs different strategies to generate returns to stockholders. Also the investors interested to invest in banks' stocks when they constructing their portfolios. This study aims to define and assess some of quantitative factors that affect stock prices of conventional Egyptian listed banks. The researcher selected book value per share (BVPS), earning per share( EPS), size (S) (in terms of total assets), off balance sheets (OBS), return on equity (ROE), net income margin(NIM) as a proxy of operational profit ,and equity to total asset (E/A) as a proxy to capital adequacy which, the researcher thought that will affect the banks' market stock price as (Dependent variable). The sample period span starts from Dec. 2003 to Dec. 2016. The research data sample consisted of 8 listed conventional banks in Egyptian stock market and The data were obtained from Egyptian stock market, statistical bulletins published through central Bank of Egypt website, and Bank scope website. As a quarterly basis , and the number of observations were 424. The researcher employed the multiple regression models to assess the combined effects of an independent variables on the dependent variable employing a panel dynamic model generalized method of moments (GMM) through eviews software. The study multiple regression model cleared that there is positive significant effect of the book value per share (BVPS), earning per share (EPS), size (S) in terms of total assets, off balance sheets (OBS) , return on equity (ROE), net income margin (NIM) as a proxy of operational profit. But the equity to total asset (E/A) ratio as a proxy to capital adequacy has significant inverse effect on the banks{u201F} stock price

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