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What is Elsayed 202039159 CorrectedThesisClean about?

This thesis explores empirical asset pricing and firm investment behavior in Egypt, focusing on stock return patterns and the impact of state ownership on investment efficiency. It constructs a unique dataset for Egyptian stocks, revealing significant anomalies in returns and testing various asset pricing models, ultimately favoring the five-factor model. Additionally, it finds that state ownership correlates with lower investment levels and efficiency, attributed to agency costs and soft budget constraints

Author

Fares Ziden

Language

EN