Finances of Egyptian Listed Firms

The author presents an analysis of the finances of Egyptian listed companies evaluating recent trends in growth and profitability during the 1995-2001 period. The data from financial statements reveal the effect of the economic slowing of the past few years, especially in the construction and real e...

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Main Author:	Love, Inessa
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING STANDARDS ACCUMULATED DEPRECIATION AGRICULTURE ASSETS BENCHMARK BOOK VALUE CAPITALIZATION CREDIT MARKETS DEBT DEPRECIATION ALLOWANCES DIVIDENDS ECONOMIC PERFORMANCE ECONOMIC STABILITY EQUITY CAPITAL EXPORTS EXTERNAL FINANCING FINANCIAL DATA FINANCIAL RATIOS FINANCIAL SECTOR FIRM SIZE FUTURE RESEARCH GDP GROSS VALUE GROWTH RATE HIGHLY LEVERAGED FIRMS HOLDING COMPANIES ILLIQUIDITY INCOME INFLATION INSURANCE INTEREST COVERAGE RATIO INTERNATIONAL MARKETS LIQUIDITY LISTED COMPANIES MARKET VALUE MEDIUM ENTERPRISES NET ASSETS NET VALUE NET VALUE OF FIXED ASSETS OPERATING INCOME PROFITABILITY REGRESSION ANALYSIS RETAINED EARNINGS SMALL ENTERPRISES SMALL FIRMS STATEMENTS TARIFF BARRIERS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH
Online Access:	http://documents.worldbank.org/curated/en/2005/06/5866442/finances-egyptian-listed-firms http://hdl.handle.net/10986/8182

id	okr-10986-8182
recordtype	oai_dc
spelling	okr-10986-81822021-04-23T14:02:43Z Finances of Egyptian Listed Firms Love, Inessa ACCOUNTING ACCOUNTING STANDARDS ACCUMULATED DEPRECIATION AGRICULTURE ASSETS BENCHMARK BOOK VALUE CAPITALIZATION CREDIT MARKETS DEBT DEPRECIATION ALLOWANCES DIVIDENDS ECONOMIC PERFORMANCE ECONOMIC STABILITY EQUITY CAPITAL EXPORTS EXTERNAL FINANCING FINANCIAL DATA FINANCIAL RATIOS FINANCIAL SECTOR FIRM SIZE FUTURE RESEARCH GDP GROSS VALUE GROWTH RATE HIGHLY LEVERAGED FIRMS HOLDING COMPANIES ILLIQUIDITY INCOME INFLATION INSURANCE INTEREST COVERAGE RATIO INTERNATIONAL MARKETS LIQUIDITY LISTED COMPANIES MARKET VALUE MEDIUM ENTERPRISES NET ASSETS NET VALUE NET VALUE OF FIXED ASSETS OPERATING INCOME PROFITABILITY REGRESSION ANALYSIS RETAINED EARNINGS SMALL ENTERPRISES SMALL FIRMS STATEMENTS TARIFF BARRIERS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH The author presents an analysis of the finances of Egyptian listed companies evaluating recent trends in growth and profitability during the 1995-2001 period. The data from financial statements reveal the effect of the economic slowing of the past few years, especially in the construction and real estate sectors and especially in smaller companies. She finds that smaller firms appear to be less profitable and experience lower growth, likely because of being particularly adversely affected by many of the sources of the high costs of doing business in Egypt. While the Egyptian firms are not very highly leveraged on average, she finds that smaller firms have significantly less access to bank finance than larger firms do. This confirms the widely held view that there is a need to improve the availability of credit for small enterprises. 2012-06-15T19:10:15Z 2012-06-15T19:10:15Z 2005-06 http://documents.worldbank.org/curated/en/2005/06/5866442/finances-egyptian-listed-firms http://hdl.handle.net/10986/8182 English Policy Research Working Paper; No. 3639 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Middle East and North Africa Egypt, Arab Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ACCOUNTING STANDARDS ACCUMULATED DEPRECIATION AGRICULTURE ASSETS BENCHMARK BOOK VALUE CAPITALIZATION CREDIT MARKETS DEBT DEPRECIATION ALLOWANCES DIVIDENDS ECONOMIC PERFORMANCE ECONOMIC STABILITY EQUITY CAPITAL EXPORTS EXTERNAL FINANCING FINANCIAL DATA FINANCIAL RATIOS FINANCIAL SECTOR FIRM SIZE FUTURE RESEARCH GDP GROSS VALUE GROWTH RATE HIGHLY LEVERAGED FIRMS HOLDING COMPANIES ILLIQUIDITY INCOME INFLATION INSURANCE INTEREST COVERAGE RATIO INTERNATIONAL MARKETS LIQUIDITY LISTED COMPANIES MARKET VALUE MEDIUM ENTERPRISES NET ASSETS NET VALUE NET VALUE OF FIXED ASSETS OPERATING INCOME PROFITABILITY REGRESSION ANALYSIS RETAINED EARNINGS SMALL ENTERPRISES SMALL FIRMS STATEMENTS TARIFF BARRIERS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH
spellingShingle	ACCOUNTING ACCOUNTING STANDARDS ACCUMULATED DEPRECIATION AGRICULTURE ASSETS BENCHMARK BOOK VALUE CAPITALIZATION CREDIT MARKETS DEBT DEPRECIATION ALLOWANCES DIVIDENDS ECONOMIC PERFORMANCE ECONOMIC STABILITY EQUITY CAPITAL EXPORTS EXTERNAL FINANCING FINANCIAL DATA FINANCIAL RATIOS FINANCIAL SECTOR FIRM SIZE FUTURE RESEARCH GDP GROSS VALUE GROWTH RATE HIGHLY LEVERAGED FIRMS HOLDING COMPANIES ILLIQUIDITY INCOME INFLATION INSURANCE INTEREST COVERAGE RATIO INTERNATIONAL MARKETS LIQUIDITY LISTED COMPANIES MARKET VALUE MEDIUM ENTERPRISES NET ASSETS NET VALUE NET VALUE OF FIXED ASSETS OPERATING INCOME PROFITABILITY REGRESSION ANALYSIS RETAINED EARNINGS SMALL ENTERPRISES SMALL FIRMS STATEMENTS TARIFF BARRIERS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH Love, Inessa Finances of Egyptian Listed Firms
geographic_facet	Middle East and North Africa Egypt, Arab Republic of
relation	Policy Research Working Paper; No. 3639
description	The author presents an analysis of the finances of Egyptian listed companies evaluating recent trends in growth and profitability during the 1995-2001 period. The data from financial statements reveal the effect of the economic slowing of the past few years, especially in the construction and real estate sectors and especially in smaller companies. She finds that smaller firms appear to be less profitable and experience lower growth, likely because of being particularly adversely affected by many of the sources of the high costs of doing business in Egypt. While the Egyptian firms are not very highly leveraged on average, she finds that smaller firms have significantly less access to bank finance than larger firms do. This confirms the widely held view that there is a need to improve the availability of credit for small enterprises.
format	Publications & Research :: Policy Research Working Paper
author	Love, Inessa
author_facet	Love, Inessa
author_sort	Love, Inessa
title	Finances of Egyptian Listed Firms
title_short	Finances of Egyptian Listed Firms
title_full	Finances of Egyptian Listed Firms
title_fullStr	Finances of Egyptian Listed Firms
title_full_unstemmed	Finances of Egyptian Listed Firms
title_sort	finances of egyptian listed firms
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/06/5866442/finances-egyptian-listed-firms http://hdl.handle.net/10986/8182
_version_	1764407437564051456

Finances of Egyptian Listed Firms

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