Determinants of Voluntary Delisting: Evidence From Emerging Markets

A Master of Science in Finance (MSF) by Nadine Abdelgawad entitled, “Determinants of Voluntary Delisting: Evidence From Emerging Markets”, submitted in May 2026. Thesis advisor is Dr. Anis Samet. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Fo...

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Abdelgawad, Nadine (author)
التنسيق: doctoralThesis
منشور في: 2026
الموضوعات:
الوصول للمادة أونلاين:https://hdl.handle.net/11073/33560
الوسوم: إضافة وسم
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author Abdelgawad, Nadine
author_facet Abdelgawad, Nadine
author_role author
dc.contributor.none.fl_str_mv Samet, Anis
dc.creator.none.fl_str_mv Abdelgawad, Nadine
dc.date.none.fl_str_mv 2026-06-29T06:28:07Z
2026-06-29T06:28:07Z
2026-05
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv 33.232-2026.06
https://hdl.handle.net/11073/33560
dc.language.none.fl_str_mv en_US
dc.relation.none.fl_str_mv Master of Science in Finance (MSF)
dc.subject.none.fl_str_mv Corporate delisting
Emerging markets
Firm-level determinants
Country-level determinants
Corporate governance
Panel logit regression
dc.title.none.fl_str_mv Determinants of Voluntary Delisting: Evidence From Emerging Markets
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/doctoralThesis
description A Master of Science in Finance (MSF) by Nadine Abdelgawad entitled, “Determinants of Voluntary Delisting: Evidence From Emerging Markets”, submitted in May 2026. Thesis advisor is Dr. Anis Samet. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Form).
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oai_identifier_str oai:repository.aus.edu:11073/33560
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spelling Determinants of Voluntary Delisting: Evidence From Emerging MarketsAbdelgawad, NadineCorporate delistingEmerging marketsFirm-level determinantsCountry-level determinantsCorporate governancePanel logit regressionA Master of Science in Finance (MSF) by Nadine Abdelgawad entitled, “Determinants of Voluntary Delisting: Evidence From Emerging Markets”, submitted in May 2026. Thesis advisor is Dr. Anis Samet. Soft copy is available (Thesis, Approval Signatures, Completion Certificate, and AUS Archives Consent Form).Corporate delisting has gained significance in global markets, especially amid economic uncertainties. This study aims to identify the main factors influencing delistings, focusing on both firm-level and country-level determinants, with a focus on voluntarily delisted firms. Firm-specific variables include firm size, return on equity, capital expenditures, and leverage, while governance factors cover governance score, independent directors, shareholder rights, and chief executive officer duality. Country-level factors include rule of law, regulatory quality, political stability, government effectiveness, corruption control, and market activity. The analysis covers emerging-market firms from 2007 to 2025, totaling 19,773 companies. Using panel logit regression models, the study finds that determinants of voluntarily delisting before and after the corona-virus pandemic and after the 2008 global financial crisis. The results show that after the corona-virus period, delisting appears to be more influenced by country-level variables and market conditions than by firm-level factors. While, after the corona-virus period, delisting was strongly explained by firm-level variables and macroeconomic conditions. And the period after the 2008 global financial crisis, delisting was mainly linked to firm-level variables and economic conditions.School of Business AdministrationDepartment of FinanceMaster of Science in Finance (MSF)Samet, Anis2026-06-29T06:28:07Z2026-06-29T06:28:07Z2026-05info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/doctoralThesisapplication/pdf33.232-2026.06https://hdl.handle.net/11073/33560en_USMaster of Science in Finance (MSF)oai:repository.aus.edu:11073/335602026-06-30T05:19:08Z
spellingShingle Determinants of Voluntary Delisting: Evidence From Emerging Markets
Abdelgawad, Nadine
Corporate delisting
Emerging markets
Firm-level determinants
Country-level determinants
Corporate governance
Panel logit regression
status_str publishedVersion
title Determinants of Voluntary Delisting: Evidence From Emerging Markets
title_full Determinants of Voluntary Delisting: Evidence From Emerging Markets
title_fullStr Determinants of Voluntary Delisting: Evidence From Emerging Markets
title_full_unstemmed Determinants of Voluntary Delisting: Evidence From Emerging Markets
title_short Determinants of Voluntary Delisting: Evidence From Emerging Markets
title_sort Determinants of Voluntary Delisting: Evidence From Emerging Markets
topic Corporate delisting
Emerging markets
Firm-level determinants
Country-level determinants
Corporate governance
Panel logit regression
url https://hdl.handle.net/11073/33560