The Impact of Inflation and Exchange Rates on Generating Power of Cash in Egypt (Panel Data Analysis)

May Mahmoud Elewa, Yasmin Abdel aal Mahmoud Abdel aal, Nevin Hussein Mohamed Mahmoud
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Abstract

Objective –The objective is to study the effect of the sharp change in currency exchange rate EXR and inflation on generating power of cash GPC in light of Egyptian Accounting standards EAS in the progressing Egyptian industry setting.Methodology –The methodology consists of careful examination of the numerical evidence and analysis of the changes in the relevant accounting standards and regulations. The study used numerical data from 38 non-financial firms for 5 years corresponding to 190 firm year observations during 2017-2021. The study applies the panel data method. The designated sample of firms are listed on the EGX 100, have yearly financial statements, have not discontinued during the study period, run in cash, the currency is recorded in the Egyptian pound, and have complete data. The study applies multiple regressions. It applied fixed effects, random effects, and pooled models. The study includes the dependent variables of the generating power of cash GPC. The study also includes the independent variables; exchange rates EXR and inflation rates.Results –Findings indicate a significant relationship among; inflation, EXR andGPC. Findings offer new perceptions for investors and policy makers concerned with EXR and inflation.Research limitations/implications –Much of the information is available. However, the time span of the study allows for tracking the impact of inflation and change in EXR on firm GPC.Novelty/Originality –The originality lies in setting an accounting standard for inflation tailored for the Egyptian business environment that adapts the available accounting information to the current economic situation.
通货膨胀和汇率对埃及现金发电能力的影响(面板数据分析)
目标-目标是根据埃及会计准则EAS在不断发展的埃及工业环境中研究货币汇率EXR和通货膨胀对现金GPC发电能力的急剧变化的影响。方法论-方法论包括对数字证据的仔细检查和对相关会计准则和法规变化的分析。该研究使用了38家非金融公司5年的数字数据,对应于2017-2021年期间190家公司的年度观察。本研究采用面板数据法。指定的样本公司在EGX 100上上市,有年度财务报表,在研究期间没有停止,以现金经营,货币以埃及镑记录,并且有完整的数据。本研究采用多元回归。它应用了固定效应、随机效应和混合模型。本研究包含了现金GPC产生能力的因变量。本研究还包括自变量;汇率和通货膨胀率。结果-研究结果表明:通货膨胀、exp和gpc。研究结果为关注出口汇率和通胀的投资者和决策者提供了新的看法。研究局限性/意义-大部分信息是可用的。然而,研究的时间跨度允许跟踪通货膨胀和EXR变化对公司GPC的影响。新颖性/独创性-独创性在于为埃及的商业环境制定了一套通货膨胀会计准则,使现有的会计信息适应当前的经济形势。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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