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Evaluating the impact of Bank leverage using fair value accounting for financial instruments on default risk / Sara Abdelhamid Abdeldaeim Karein ; Supervised Helmy Ibrahim Sallam , Heba AbouElsood

By: Contributor(s): Material type: TextTextLanguage: English Publication details: Cairo : Sara Abdelhamid Abdeldaeim Karein , 2016Description: 115 Leaves ; 30cmOther title:
  • تقييم أثر الرافعة المالية للبنوك باستخدام محاسبة القيمة العادلة للادوات المالية على خطر الإفلاس [Added title page title]
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Dissertation note: Thesis (M.Sc.) - Cairo University - Faculty of Commerce - Department of Accounting Summary: This study examines the impact of bank leverage in reflecting the probability of default, and in return reflecting the true financial conditions of banks. The bank leverage is classified into accounting leverage, for which the financial instruments are measured at fair value, and regulatory leverage. The Z- score and volatility of stock returns (i.e., robustness test) are the two proxies of default risk. The former is accounting based measure, whereas the latter is market based measure. Using a sample of 12 banks comprises Egyptian governmental and non-governmental banks that are listed in the Egyptian stock exchange. Additionally, three governmental banks that are not listed over the period 2010-2014. The results indicate a negative association between accounting leverage and default risk in the main test, however a positive association in the robustness test. Furthermore, the results also show a positive association between regulatory leverage and default risk
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Item type Current library Home library Call number Copy number Status Date due Barcode
Thesis Thesis قاعة الرسائل الجامعية - الدور الاول المكتبة المركزبة الجديدة - جامعة القاهرة Cai01.05.02.M.Sc.2016.Sa.E (Browse shelf(Opens below)) Not for loan 01010110071703000
CD - Rom CD - Rom مخـــزن الرســائل الجـــامعية - البدروم المكتبة المركزبة الجديدة - جامعة القاهرة Cai01.05.02.M.Sc.2016.Sa.E (Browse shelf(Opens below)) 71703.CD Not for loan 01020110071703000

Thesis (M.Sc.) - Cairo University - Faculty of Commerce - Department of Accounting

This study examines the impact of bank leverage in reflecting the probability of default, and in return reflecting the true financial conditions of banks. The bank leverage is classified into accounting leverage, for which the financial instruments are measured at fair value, and regulatory leverage. The Z- score and volatility of stock returns (i.e., robustness test) are the two proxies of default risk. The former is accounting based measure, whereas the latter is market based measure. Using a sample of 12 banks comprises Egyptian governmental and non-governmental banks that are listed in the Egyptian stock exchange. Additionally, three governmental banks that are not listed over the period 2010-2014. The results indicate a negative association between accounting leverage and default risk in the main test, however a positive association in the robustness test. Furthermore, the results also show a positive association between regulatory leverage and default risk

Issued also as CD

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