The Effect of Political Connections and Family Ownership on Operating Cash Flows Management: Empirical Evidence from Egypt

Purpose: This paper aims to investigate the effect of political connections and family ownership Each separately interactive between them on cash flows management. Design/Methodology/Approach: To analyze research hypotheses, author used a panel data model by ordinary least squares' Depending historical from 72 active non-financial firms listed Egypt Stock Exchange during period 2012-2019. The final set comprises total 576 firm-year observations twelve major industry classifications. Findings: current study found that there is Positive impact flow management, positive relationship management while negative with Research limitations/Implications: limited dealing direct structures does not deal indirect ownership. Likewise, this in companies arise through government Also, was using linear regression analysis did address nonlinear or structural equation examine Practical implications: Practitioners such as investors lenders Egyptian capital market, which considered one emerging markets low protection for small investors, benefit results due when making their investment decisions. At same time, helps provide important information about business environment conditions. Investing developing countries like Egypt. Originality/Value: contributes literature showing different characteristics can produce consistent an developed economy, especially area As first these relationships financial market Egypt, where demonstrates role separately, addition joint empirical evidence.