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Abstract Purpose: The purpose of the research is to investigate the effect of earnings management on the relationship between financing decisions and stock liquidity. Design/Methodology/Approach: The researcher uses Panel Data (longitudinal data) which combines Cross Sectional Data (60 firms) and Time Series Data (2013-2017) using E-views. Findings: This study provides evidence of a significant inverse relationship between stock liquidity and financing decisions within the Egyptian stock market. However, earnings management has no relation neither with stock liquidity nor financing decisions, therefore earnings management has no effect as a moderator on the association between stock liquidity and financing decisions. Key Words: Earnings Management - Financing Decisions - Stock Liquidity. |