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Ownership Identity And Stock Price Crash Risk: Evidence From The Mena Region

Author : Dr. Harit Satt

Abstract :Purpose: This paper aims to examine the relationship of Ownership Identity and Stock Price Crash Risk in the MENA region to decide whether ownership type investors may influence the stock price crash risk. Methodology: A sample panel of 5126 year-observation for non-financials publicly traded companies in the MENA region was generated to run our analysis covering the period between 2008 and 2021. The GMM -Generalized Methods of Moments- model is applied to investigate the correlation between stock price crash risk and ownership identity. Findings: This study used the Panel data analysis to explore the relationship between the stock price crash risk and ownership identity. It shows that there is a positive correlation between these two variables but with little significance. This research incorporates variables adjusting the results. As an example of those control variables, we find size, leverage, market to book to assist the hypothesis. Originality/Value: The research emphasizes the concept of stock price crash risk jointly with the ownership identity. Its purpose is to understand the if strategic entities ownership and institutional ownership influence the stock price crash risk considering many other measures that are incorporated in each company.

Keywords :Stock price Crash Risk, Ownership Identity, Institutions, Strategic Entities, Corporate governance, MENA.

Conference Name :International conference on creative economy (ICOCEY-25)

Conference Place Antalya, Turkey

Conference Date 16th Jul 2025

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