Earnings Mispricing and the Implementation of the Egyptian leasing Accounting Standard no. 49: Evidence from the Egyptian Capital Market

المؤلفون

1 Science , Economics and Business Administration , May University, Egypt.

2 Faculty of Commerce, Cairo University, Egypt

المستخلص

The new lease accounting standard aims to investigate the issue of "off-balance sheet" financing resulting from operating leases, which has led to a lack of comparability in accruals across companies. Thus, the current research aims to address the effect of the implementation of the Egyptian Accounting Standard EAS (49) "Leases" on the mispricing of accruals. The study analyzed financial data from 2015 to 2023 of 59 companies listed on the Egyptian Stock Exchange using the difference-in-differences (DID) method. The data was obtained from the database of Thomson Reuters. The research sample included companies that adopted EAS (49) under the Egyptian Accounting Act.  The findings indicate a significant positive effect of implementing EAS 49 on enhancing the quality of accruals by improving the information provided and subsequently reducing the mispricing of accruals. Furthermore, the findings reveal that the mispricing of accruals for companies that apply EAS 49 is lower than for companies that did not apply EAS 49 before mandatory adoption

الكلمات الرئيسية

التجارة والتمويل
المجلد 45، العدد 3
الجزء الثانى
سبتمبر 2025
الصفحة 1-28

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