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 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.
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Bibliographic Details
| Main Author: |
Love, Inessa |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2005-06
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| 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, |
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| Online Access: | http://documents.worldbank.org/curated/en/2005/06/5866442/finances-egyptian-listed-firms
https://hdl.handle.net/10986/8182
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