الفهرس 
AbstractOnly 14 pages are availabe for public view
 |  | from | 81 |  |  |
| | | from | 81 | | |
Abstract
The growing interest of regulators and investors after the financial crisis to know the reasons for stock price crash risk and how to reduce it; is the main research motivation. The literature has shown many of the SPCR determinants, and one of these determinants is the audit process quality. The previous studies have focused on investigating the direct effect of auditor industry specialization on future stock price crash risk in developed countries such as U.S. and China, on contrary, this association was not examined before in Africa or in the Middle East countries such as Egypt. In this study, the researcher extends the literature by studying the mediating effect of audit report delay on the association between AIS and SPCR which has not been investigated before, and the study significance is represented in explaining the role of AIS and ARL in SPCR, which contributes to providing the regulators and policymakers with guidance on how to reduce SPCR and improve the response of the financial market. This thesis consists of four chapters and a conclusion. Firstly, the research background, significance, and literature review are introduced in chapter one. While chapter two establishes the theoretical framework of the study variables, then the research hypotheses are developed. Chapter three explains in detail the research methodology through presenting variables measurement, study sample, research techniques, and model; additionally, at the end of this chapter descriptive and correlation analyses are discussed. Moreover, the empirical analysis, the study results, and robustness tests are included in chapter four. Finally, a conclusion is prepared to summarize the findings, implications, study limitations, and recommendations for further research. The results show that auditor industry specialization has a negative and significant effect on future stock price crash risk. Meanwhile, indicate a positive significant relationship between audit report lag and crash risk. Furthermore, the results disclose a negative significant association between AIS and ARL. Finally, the mediation effect is confirmed to be statistically significant, as AIS has a negative effect on SPCR through ARL.