The Impact of Corporate Governance on Emerging Financial Markets: Insights from the Egyptian Stock Exchange

International Journal of Green Management and Business Studies
Vol.3 No.2 December 2023

DOI https://www.doi.org/10.56830/IJGMBS12202302

Authors

Maged Al Baz

Abstract

This study aims to highlight the need to implement corporate governance mechanisms in emerging financial markets and the extent to which they contribute to the activation of these markets by studying the relationship between corporate governance and the performance of the stock market and the Egyptian stock exchange by applying to 10 Egyptian companies. The study found that the good application of corporate governance principles contributes to the activation of financial markets because of the importance of governance in enhancing confidence among dealers in the market and increasing the credibility and transparency of information, which is the basis for raising their efficiency. Therefore, the application of corporate governance in emerging economies is a necessary requirement for the advancement of their financial markets, which attracts investors to the market, especially foreign investors, who are the most important elements of the market. However, this is not possible if the appropriate opportunities and the high returns on investment are.
Keywords: Corporate Governance, Financial Markets, Transparency, Egyptian Market, IOSCO.

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