The role of self-control in reducing the financial risks facing Egyptian travel companies

Self-control in the tourism sector is one of the most important guarantees to the safety of the tourism sector. Asa result of the global economic crises, it has become necessary to adapt the system of self-control to the changes in the travel companies, as this system affects the procedural control of the work within these companies, and hence ensures the continuity of companies’ activities, through the imposition of procedural control overall operations. And on the other hand, to give the honest assessment of its real financial position, which in turn demonstrates the importance of the integrity and credibility of the accounting information present in the final financial statements, which are based on the validity and integrity of the Self-control system adopted by the travel company. This paper discusses and investigates the role of Self-control in Egyptian travel companies in reducing the financial risks such as liquidity deficiency, and inflation risks through a field study on the target community. The results of the study showed a statistically significant relationship to Self-control in risk reduction, which in turn indicates the importance of Self-control in predicting the value of financial risks. The results also showed a statistically significant relationship to Self-control in reducing the risks of lack of liquidity and the risks of inflation, which illustrates the importance of Self-control in predicting the value of these risks.