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Corporate governance in Egypt: The landscape, the research, and future directions
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Ahmed M. Abdel-Meguid 
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
Egypt is an emerging economy that has in recent years been exposed to several severe economic, political, and social shocks, all within a relatively short period of time. This has amplified the importance of the rule of law, regulatory enforcement, and corporate governance best practices, in order to restore the investing public’s confidence in the Egyptian market. Historically, the focus on corporate governance had preceded these recent events. Building on this history, today’s corporate governance landscape in Egypt is much more robust with more effective regulators, clearer streamlined governing rules, and better corporate governance literacy. This paper identifies four main areas of corporate governance research in Egypt: firm performance, reporting quality, corporate responsibility, and auditing. While extensive research has already been conducted in these areas, the paper provides some recommendations for further enhancing its quality. These pertain mainly to the development of comprehensive corporate governance databases, the increased focus on emerging and current market-relevant aspects of corporate governance, and the release of more proprietary data by regulators.
Keywords: Corporate Governance, Egypt, Emerging Economy, Monitoring
Authors’ individual contribution: The Author is responsible for all the contributions to the paper according to CRediT (Contributor Roles Taxonomy) standards.
Declaration of conflicting interests: The Author declares that there is no conflict of interest.
JEL Classification: M40, G30
Received: 01.03.2021
Accepted: 04.05.2021
Published online: 06.05.2021
How to cite this paper: Abdel-Meguid, A. M. (2021). Corporate governance in Egypt: The landscape, the research, and future directions [Special issue]. Corporate Ownership & Control, 18(3), 296–306. https://doi.org/10.22495/cocv18i3siart5
