What is it about?
Using data on 51 firms traded in the Egyptian Exchange from 2014 to 2016, this paper aimed to assess the efficiency of corporate governance (CG) and intellectual capital (IC) practices and to explore their influence on the probability of a firm's financial distress. The relative efficiency of CG and IC practices has been measured under the Malmquist data envelopment analysis model. A modified Z-score model was applied to assess firms' financial distress.
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Why is it important?
The findings shed light on the role of CG and IC in alleviating the degree of financial distress in Egypt as an emerging market, especially the need to raise firms' compliance with the Egyptian CG code from a voluntary to mandatory status.
Perspectives
This study, using Malmquist data envelopment analysis, is among the first attempts to assess the relative efficiency of CG and IC practices and their effects on financial distress.
Dr. Ahmed Mohamed Habib
Independent Research Unabhangige Finanzmarktanalyse GmbH
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This page is a summary of: Does the efficiency of corporate governance and intellectual capital affect a firm's financial distress? Evidence from Egypt, Journal of Intellectual Capital, March 2020, Emerald,
DOI: 10.1108/jic-06-2019-0143.
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