The Moderator Role of Convex Returns in the Geopolitical Risk-Corporate Investment Relationship: An Applied Study on the Egyptian Construction Sector

نوع المستند : المقالة الأصلية

المؤلف

كلية التجارة جامعة طنطا

المستخلص

This research investigates the moderator role of convex returns in shaping the influence of Geopolitical Risk (GPR) on Corporate Investment decisions. This applied study was conducted on construction firms listed on the Egypt Stock Exchange, EGX 100 during the period from 2018 to 2024. The study was reliant on secondary data that was published in the financial statements and reports of these companies and the GPR_EGY index. Furthermore, the study employed the Data Panel data method, which integrates cross-sectional and time series data. The data were statistically analyzed using STATA 14. The study results showed a significant negative impact of Geopolitical Risk that is represented by the GPR_EGY index, on corporate investment decisions. In addition that a stronger ability to substitute labor for capital, or a higher labor share, leads to a rise in the convexity and weakens the negative impact of the GPR index on corporate investment in the Egyptian construction firms.

الكلمات الرئيسية

مجلة البحوث المالية والتجارية
المجلد 26، العدد 3 - الرقم المسلسل للعدد 1
الجزء الثالث ... أبحاث متخصصة في إدارة الأعمال
يوليو 2025
الصفحة 1179-1214

ملفات

شارك

إرسال الاستشهاد إلى

الإحصائيات