الفهرس 
Chapter One IntroductionOnly 14 pages are availabe for public view
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Abstract
Purpose: This study illustrates the determinants of litigation risk, examines the relationship between litigation risk and liquidity, and the impact of litigation risk and liquidity on firm value.
Methodology: The sample of the study consists of 67 firms with 335 observations during the period from 2016 till 2020 (five consecutive years). The Logit Technique and Robust Least Square Technique are used to run the models of litigation risk. While Static and Dynamic Panel Data Statistical Technique and their tests are used to test the hypotheses of the study. EViews Software Version 12 and Gretl Software are used to run the analysis of the study.
Findings: The results of the study show that, regarding the first hypothesis, there is a positive relationship between litigation risk (logit model) and liquidity, but this relationship is insignificant. While the second hypothesis shows that there is a positive relationship between litigation risk (robust model) and liquidity, in addition this relationship is significant. Moreover, the third hypothesis shows that there is a positive impact of litigation risk (logit model) on firm value, but this impact is insignificant. Also, the fourth hypothesis shows that there is a positive impact of litigation risk (robust model) on firm value, but this impact is insignificant. Finally, regarding the fifth hypothesis, there is a positive impact of liquidity on firm value, and this impact is significant. Therefore, the study accepts both the second and the fifth hypotheses, and rejects the first, third, and fourth hypotheses.
Originality/Value: This study contributes to the previous scholars by the following, firstly examining the determinants of litigation risk, focuses on the Egyptian firms and economy. Secondly illustrates the relationship between litigation risk and liquidity and demonstrates the impact of litigation risk on firm value. Thirdly measuring litigation risk by using a model includes not only FPS and some of firm characteristics as suggested by the empirical studies, but also considering macroeconomic level, and the global crisis, which is COVID-19 pandemic. Fourthly the selection of some firm characteristics which is suitable for Egyptian economy and firms. Fifthly measuring the litigation risk by using the allowance of lawsuits to facilitate the usage of litigation risk for researchers in this field due to the easiness of collecting data as it is easily extracted from financial reporting of firms.