This paper investigates whether internal governance mechanisms were associated with the financial stability of Egyptian banks over the period 2010–2019. To this end, a GMM regression analysis was employed using 252 firm-year observations. The results, in general, indicate that the level of banks’ financial stability is positively associated with board size, board meetings, and board gender. In contrast, the results show that board education and the ownership of shares by directors are negatively associated with banks’ financial stability. More interestingly, our results demonstrate that higher financial stability is significantly associated with lower board independence, the presence of CEO duality, and fewer audit committee meetings. These striking results can be attributed to the argument that the presence of independent directors on the board may reduce the CEO’s willingness to share information with board members, causing a high level of uncertainty in the decision-making process, which ultimately leads to a reduction in the financial stability of their bank.

本文调查了内部治理机制是否与2010-2019年埃及银行的金融稳定性有关。为此，采用了252个公司年度观测值进行了GMM回归分析。总体而言，结果表明，银行的财务稳定性水平与董事会规模，董事会会议和董事会性别呈正相关。相反，结果表明，董事会教育和董事的股份所有权与银行的财务稳定性负相关。更有趣的是，我们的结果表明，较高的财务稳定性与较低的董事会独立性，首席执行官双重身份的存在以及较少的审核委员会会议密切相关。