Foreign Ownership Structure, Sustainable Finance, and Firm Value Nexus: Evidence from the Egyptian Banking Sector

Authors

A. Abousamak, Business Administration Program, College of Business, Al Ain University, Al Ain, United Arab Emirates\\ Accounting and Auditing Department, Faculty of Commerce, Suez Canal University, Ismailia, EgyptFollow
Bassant B. El Din El Sharawy, Accounting Department, Faculty of Commerce, Cairo University, Cairo, EgyptFollow
Mukhtar Suleiman, Accounting and Auditing Department, The modern Academy for Computer Science and Management Technology in Maadi, Cairo, EgyptFollow

Author Country (or Countries)

Egypt

Abstract

The purpose of this study is to investigate the influence of foreign ownership structure, Sustainable Finance, and firm value Nexus in Egyptian Banks. In developed markets, the relationships among these variables are inconclusive. The current study tries to fill the gap by addressing that nexus in an emerging market. Research Methodology: The study population includes all banks in the Egyptian environment which consists of 38 banks during the period from 2018 to 2022. Based on the study criteria, the final sample consists of 28 banks presented via 140 years of observations. The study found four significant conclusive results. First, there is a positive relationship between foreign ownership and sustainable finance and its components. Second, a statistically significant relationship exists between ownership and firm value. Third, sustainable finance has positively affected the firm value. Finally, positive significant relationships exist among sustainable finance in the presence of the moderating role of foreign ownership and firm value.

Digital Object Identifier (DOI)

http://dx.doi.org/10.18576/jsap/12S112

Recommended Citation

Abousamak, A.; B. El Din El Sharawy, Bassant; and Suleiman, Mukhtar (2023) "Foreign Ownership Structure, Sustainable Finance, and Firm Value Nexus: Evidence from the Egyptian Banking Sector," Journal of Statistics Applications & Probability: Vol. 12: Iss. 4, Article 12.
DOI: http://dx.doi.org/10.18576/jsap/12S112
Available at: https://digitalcommons.aaru.edu.jo/jsap/vol12/iss4/12