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The effect of firm performance and governance indicators on firm's credit rating in the MENA region
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...
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| Format: | Thesis |
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AUC Knowledge Fountain
2015
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| _version_ | 1867613407595724800 |
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| access_status_str | Open Access |
| author | Elteir, Marwa Mohamed |
| author_browse | Elteir, Marwa Mohamed |
| author_facet | Elteir, Marwa Mohamed |
| author_sort | Elteir, Marwa Mohamed |
| collection | Thesis |
| dc_rights_str_mv | 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. |
| description | 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. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-1087 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:39.635Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-1087 The effect of firm performance and governance indicators on firm's credit rating in the MENA region Elteir, Marwa Mohamed 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. 2015-06-01T07:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/88 https://fount.aucegypt.edu/context/etds/article/1087/viewcontent/Effect_20of_20firm_20performance_20and_20governance_20indicators_20on_20firm_27s_20credit_20rating.pdf 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. Theses and Dissertations AUC Knowledge Fountain credit rating firm performance |
| spellingShingle | credit rating firm performance Elteir, Marwa Mohamed The effect of firm performance and governance indicators on firm's credit rating in the MENA region |
| title | The effect of firm performance and governance indicators on firm's credit rating in the MENA region |
| title_full | The effect of firm performance and governance indicators on firm's credit rating in the MENA region |
| title_fullStr | The effect of firm performance and governance indicators on firm's credit rating in the MENA region |
| title_full_unstemmed | The effect of firm performance and governance indicators on firm's credit rating in the MENA region |
| title_short | The effect of firm performance and governance indicators on firm's credit rating in the MENA region |
| title_sort | effect of firm performance and governance indicators on firm s credit rating in the mena region |
| topic | credit rating firm performance |
| url | https://fount.aucegypt.edu/etds/88 https://fount.aucegypt.edu/context/etds/article/1087/viewcontent/Effect_20of_20firm_20performance_20and_20governance_20indicators_20on_20firm_27s_20credit_20rating.pdf |
| work_keys_str_mv | AT elteirmarwamohamed theeffectoffirmperformanceandgovernanceindicatorsonfirmscreditratinginthemenaregion AT elteirmarwamohamed effectoffirmperformanceandgovernanceindicatorsonfirmscreditratinginthemenaregion |