الفهرس | Only 14 pages are availabe for public view |
Abstract The main objective of this research is to investigate the moderating effect of capital adequacy on the association between governance mechanisms and bank risks. Which, secondary data for 12 selected banks of the listed banks on the Egyptian Stock Exchange (EGX) for a period from 2012 to 2020 with 108 observations was used. This research focuses mainly on two governance mechanisms which are ownership structure and board of directors’ characteristics. Each of managerial ownership, institutional ownership, and ownership concentration-as an ownership structure pillars. While, board size, CEO duality, board independency and gender diversity -as a board of directors’ characteristics. Concerning, capital adequacy is proxied by CAR; besides, bank risk is measured by Z-score. Multiple regression is used to test the research hypotheses and reach the results. The research findings reveal that large capital adequacy the less negative association between managerial ownership and bank risk. In addition, the results confirm that the larger the bank capital adequacy with greater board size, non- CEO duality, high board independency and large female presence the lower the bank risk. On the contrary side, capital adequacy has an insignificant impact on each of the association between institutional ownership and ownership concentration with bank risk. |