Abstract
The study[1] aimed to assess the impact of disclosure of research and development (R&D) activities on predicting the stock price crash risk (SPCR) using Ant Colony Optimization (ACO). Our study was based on the quarterly data of Mina Pharm for Pharmaceuticals and Chemical Industries, a pharmaceutical and healthcare sector company operating on the Egyptian Stock Exchange. We found that disclosure of Corporate R&D activities can effectively reduce the SPCR, particularly with a company with product diversification, cost reduction, and information transparency constraints. We propose a novel method for accurately predicting the SPCR through ACO. It also contributes to continuous improvement until the optimal solution is reached, supports sustainable competitive advantage, and adds to the existing body of literature.
[1] This paper is based on dissertation titled”A proposed approach for predicting the Stock price by using the ant colony algorithm to support sustainable competitive advantage- an applied study” members of committee was: Prof. Laila Abd El - Hamid LotfyProf. Emad Saad Mohamed El-Saygh (Co-Chair.Dr. Aliaa Abdel- Latif Ahmed Abed(Co-Chair)- A thesis from researcher Doaa Mohamed Sayed Ahmed- Assistant Lecturerto obtain a PhD in Accounting.
Mohamed Sayed Ahmed, Doaa, Abd El - Hamid Lotfy, Laila, Saad Mohamed ElSaygh, Emad, & Abdel- Latif Ahmed Abed, Aliaa. (2025). Predicting Stock Price Crash Risk Using Ant Colony Optimization Technique. المجلة العلمية لقطاع کليات التجارة بجامعة الأزهر, 33(1), 147-196. doi: 10.21608/jsfc.2025.432108
MLA
Doaa Mohamed Sayed Ahmed; Laila Abd El - Hamid Lotfy; Emad Saad Mohamed ElSaygh; Aliaa Abdel- Latif Ahmed Abed. "Predicting Stock Price Crash Risk Using Ant Colony Optimization Technique", المجلة العلمية لقطاع کليات التجارة بجامعة الأزهر, 33, 1, 2025, 147-196. doi: 10.21608/jsfc.2025.432108
HARVARD
Mohamed Sayed Ahmed, Doaa, Abd El - Hamid Lotfy, Laila, Saad Mohamed ElSaygh, Emad, Abdel- Latif Ahmed Abed, Aliaa. (2025). 'Predicting Stock Price Crash Risk Using Ant Colony Optimization Technique', المجلة العلمية لقطاع کليات التجارة بجامعة الأزهر, 33(1), pp. 147-196. doi: 10.21608/jsfc.2025.432108
VANCOUVER
Mohamed Sayed Ahmed, Doaa, Abd El - Hamid Lotfy, Laila, Saad Mohamed ElSaygh, Emad, Abdel- Latif Ahmed Abed, Aliaa. Predicting Stock Price Crash Risk Using Ant Colony Optimization Technique. المجلة العلمية لقطاع کليات التجارة بجامعة الأزهر, 2025; 33(1): 147-196. doi: 10.21608/jsfc.2025.432108
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