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Foreign Ownership Structure, Sustainable Finance, and Firm Value Nexus: Evidence from the Egyptian Banking Sector |
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PP: 1535-1554 |
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Author(s) |
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A. Abousamak,
Bassant B. El Din El Sharawy,
Mukhtar Suleiman,
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Abstract |
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| 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.
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