Abdel-Azim, M. H., W. S. Kasim, and M. A. Fekry, "The Application of Two-Stage Approach in Evaluating Domestic Mergers and Acquisitions Performance Efficiency in Egypt", International Journal of Accounting and Financial Reporting, vol. 9, issue 2, pp. 1-23, 2019.
Abdel-Azim, M. H., and R. E. Badair, "Information Processing Effects of Accounting Consistency: Evidence from Egypt", Journal of Research in Emerging Economics, vol. 1, issue 2, pp. 1-15, 2018.
Abdel-Azim, M. H., H. A. Abdel-Fattah, and H. H. El-Shreef, "Using Financial Statement Data and Stock Market Return to Predict Real Economic Activity", International Journal of Academic Research, vol. 3, issue 12, pp. 1-13, 2016.
Abdel-Azim, M. H., "Accounting Conservatism in Different Market Sectors and its Impact on Dividend Policy: Evidence from Egypt", The International Journal of Business, Accounting and Finance, vol. 3, issue 1, pp. 110- 127, 2009.
Abdel-Azim, M. H., and A. E. Ibrahm, "Investigating The Impact of Historical Costing on Real Earnings Management: An Empirical Study", International Business & Economics Research Journal, vol. 13, issue 2, pp. 387-400, 2014.
Abdel-Azim, M. H., and Z. Abdelmoniem, "RISK MANAGEMENT AND DISCLOSURE AND THEIR IMPACT ON FIRM VALUE: THE CASE OF EGYPT", International Journal of Business, Accounting, and Finance , vol. 9, issue 1, pp. 1-14, 2015. Abstractabdel-azim_hassan_-_ijbaf_volume_9_number_1_spring_2015__-_feb_12.pdf

This study investigates the impact of risk management and disclosure on firm value. The study aims at investigating three relationships; the first is the relationship between risk management and firm value. The second is the relationship between corporate voluntary disclosure and systematic (market/beta) risk. The third is the relationship between voluntary disclosure and firm value. The study population consists of non-financial companies listed on the Egyptian Stock Exchange (EGX) at the year-end of 2012.
For testing the first relationship; the logistic model developed by Wang, Li, and, Z. (2010) is used, and Tobin’s Q ratio is used for calculating firm value. The logistic model developed by Hassan, Gianluigi, and Power (2011) is followed in measuring the second relationship. The Capital Asset Pricing Model (CAPM) Model is used for calculating Beta for systematic market risk, and the voluntary disclosure is measured using the disclosure index technique including 26 financial and non-financial items. The third relationship is tested by modifying Rahmat and Hoffman (2011) model. The results indicate that a positive relationship exists between risk management and firm value, a negative relationship exists between voluntary disclosure and the market risk exposure, and a positive relationship exists between voluntary disclosure and firm value.

Tourism