الفهرس 
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Abstract
This research examine the effect of equity incentive types (in the form of stock options and restricted stock units) on the information and knowledge environment of financial analysts, as expressed in the reports of analysts in the form of earning forecasts and stock recommendations. Using a sample which consists of 88 observations of Egyptian listed firms, from the period of 2009 – 2019, results indicate that the accuracy of analyst’s forecasts is higher in the context of equity reward programs for listed companies with high rates of management compensation. Furthermore, financial analysts seem to be more likely to declare favorable stock recommendations for firms listed which have management compensation system. In addition, analysts’ forecast accuracy can be improved when companies prefer and select using restricted stock units (RSUs) as a type of reward managers, instead of stock options, in their reward program, assuming that the two forms of stock compensations (stock options or RSUs) have different and significant impacts on the accuracy of analysts’ forecasts. Finally findings revealed positive relationship between forecast accuracy and analyst’s stock recommendations. This research is important to help investors to make their decisions based on analyst’s stock recommendations, also this research is necessary for analysts as they can be compensated based on their reports.