"The effect of investors' attributes on stock returns fluctuations in the framework- An Applied Study on Companies Listed on The Egyptian Stock Exchange"

Research Abstract

Abstract This research aimed to study and test the effect of investors' attributes on stock returns fluctuations, this will be obtained through a theoretical and applied study on a sample of 91 non-financial companies listed on the Egyptian stock exchange, during the period from 2018 to 2023 with a total of 456 observations. Through results of the basic analysis of the research hypothesis test, the research found a significant effect of investors' attributes (as measured with a composite index consisting of four measures Trading Volume, Adjusted Turnover Rate, Price to Earnings Ratio, Overnight Return) On stock returns fluctuations of companies listed in the Egyptian stock exchange (as measured the standard deviation of the daily change in stock prices). The results also indicated that there is a significant effect of the firm size and financial advantage as control variables on stock returns fluctuations in the framework. Keywords: investors' attributes, stock returns fluctuations, perceived audit quality.

Research Keywords

investors' attributes, stock returns fluctuations