Abstract

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.

Department

Management Department

Degree Name

MS in Finance

Graduation Date

6-1-2015

Submission Date

May 2015

First Advisor

Azzam, Islam

Committee Member 1

Ahmed, Neveen

Committee Member 2

Elshahat, Ahmed

Extent

33 p.

Document Type

Master's Thesis

Library of Congress Subject Heading 1

Credit ratings -- Egypt.

Library of Congress Subject Heading 2

Corporate governance -- Egypt.

Rights

The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy.

Institutional Review Board (IRB) Approval

Not necessary for this item

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