Osama Wagdi, Karim Mamdouh, Sameh Daher, Sharihan Aly
This study investigates the ability of the Balanced Scorecard (BSC) to explain stock performance; The BSC has a multi-dimensional approach to performance measurement. According to (Kaplan & Norton, 1992); the traditional balanced scorecard was broken down into four dimensions: financial, marketing, operations, and learning dimension. But value creation is based on a risk-return tradeoff. So, the current study adds a new dimension to the BSC; it's the risk dimension. That created the Balanced Scorecard's Five Dimensions (BSC5D). The study used the methodology of panel data for twenty six common stocks listed on the Egyptian exchange during the period from 2011 to 2020, based on the fixed-effects method for 260 observations. The Balanced Scorecard's Five Dimensions (BSC5D) affected (83.4%) and (87%) of common stock return and total risk, respectively.