Article

Understanding the invisible hands of incentives

يناير 01, 2019

/ Ghaleb El Refae / Abdelhafid Belarbi Mahmoud Askari

This paper sheds light on the role of incentives in explaining why we do what we do. In this paper, we theorise that no action will take place in vacuum or without a certain incentive(s) and that for each and every action or behaviour, there is a known and/or a hidden incentive. We also theorise that the existence of incentives behind every action is not limited to rational incentives and the rationality of actors because irrational actions have their own irrational incentives. As well, we theo...


Sustainable Finance

Governance mechanisms and earnings management practices: evidence from Egypt

ديسمبر 23, 2018

/ Ahmed Abou Samak

This study develops an aggregate corporate governance index (ACGINX) composed of four individual corporate governance (CG) indices – disclosure and transparency index, board of directors index (BoDINX), shareholders’ rights and investor relations index and ownership and control structure index – to investigate the assumed effect of each sub-index and the ACGINX on mitigating the practices of earnings management in the Egyptian context during 2008–2016. In addition to the effect of board size,...


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