This paper attempts to identify the effects of firm performance and governance indicators on the credit rating of firms in the MENA region. We used ordered probit model considering a panel structure with a dependent variable (credit rating) and six independent variables that include financial ratios and governance indicators. This sample include 2463 firms during eight years (2006-2013). The results of the initial model show that debt ratio, payout ratio, return on assets, rule of law and market to book ratio are significant.
MS in Finance
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Library of Congress Subject Heading 1
Credit ratings -- Egypt.
Library of Congress Subject Heading 2
Corporate governance -- Egypt.
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(2015).The effect of firm performance and governance indicators on firm's credit rating in the MENA region [Master’s thesis, the American University in Cairo]. AUC Knowledge Fountain.
Elteir, Marwa Mohamed. The effect of firm performance and governance indicators on firm's credit rating in the MENA region. 2015. American University in Cairo, Master's thesis. AUC Knowledge Fountain.