THE IMPACT OF INFLATION ON CASH FLOWS AND STOCK RETURNS: A MODERATED EFFECT ON QUALITY OF INTERNAL AUDIT FUNCTION
(EVIDENCE FROM COMPANIES LISTED ON THE EGYPTIAN STOCK EXCHANGE)
Huda M. Abdallah,
Mukhtar Suleiman,
Hany A. E. Abdelaziz
Abstract: The main objective of current study is measuring the impact of inflation on cash flows and stock returns and a moderated effect of internal audit function in listed Egyptian companies. By using the content analysis method for the Egyptian listed firms through the study time period 2014-2023, the current study can clarify the most essential findings and recommendations, the findings indicated that the inflation change rate and the weighted inflation change rate negatively affect the operating cash flow .The findings indicated that the moderated relationship for the interaction between internal audit function and inflation by both inflation change rate and weighted inflation change rate positively affect the operating cash flow and free cash flow and stock returns.
Keywords: Inflation, Cash flows, Stock returns, Internal audit function
DOI: 10.24874/IJQR19.02-16
Recieved: 17.07.2024 Accepted: 05.02.2025 UDC:
Reads: 25 
