Corporate governance in five Arabian Gulf countries

Baydoun, Nabil; Maguire, William; Ryan, Neal; Willett, Roger

doi:10.1108/02686901311282470

Cited by 102 publications

(100 citation statements)

References 25 publications

(24 reference statements)

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“…4;2017 determinant of financial leverage in spite of the massive research efforts that investigate capital structure theories. Additionally, this study is encouraged by the reality that the existing literature on corporate governance concentrates more on developed countries (Baydoun et al, 2012) while there is less attention paid to developing countries. Saudi Arabia is categorized as an emerging market.…”

Section: Resultsmentioning

confidence: 99%

“…Additionally, most of the research into corporate governance concentrates on the effects of corporate governance practices on a firm's value, while limited papers investigate their impacts on the financing decision. In addition, the existing literature on corporate governance concentrates more on developed countries (Baydoun et al, 2012) while there is less attention paid to developing countries. Additionally, it is worthwhile to investigate this issue in the absence of tax regime.…”

Section: Introductionmentioning

confidence: 99%

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Board of Director Independence and Financial Leverage in the Absence of Taxes

Almania¹

2017

IJEF

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This paper investigates whether board of director independence affects the financial leverage of listed companies in Saudi Arabia. Although many studies have investigated capital structure theories, there are limited studies that consider board of director independence as a determinant of capital structure especially in the absence of tax regime. In a tax free regime, financial leverage would not be perceived as a tool to increases firm performance since firms cannot exploit the tax shield. This study employs panel data of 122 non-financial listed firms during the period 2012-2015. The results show a significant negative relationship between the presence of independent directors and capital structure; the independent directors appeared to play a significant role in motivating managers to pursue a low level of leverage among Saudi listed firms. This finding is robust to different model specifications.

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Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Board of Director Independence and Financial Leverage in the Absence of Taxes

Almania¹

2017

IJEF

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“…Baydoun et,al., (2005), Dahawy (2008), Samaha andDahawy (2011), Bebczuk (2005). In this section, the researcher will develop the research hypotheses that make it different from other papers in the area.…”

Section: Developing Research Hypothesesmentioning

confidence: 99%

“…One study by Baydoun et,al., (2005) investigate corporate governance practices in five Arabian Gulf countries (Kuwait, Bahrain, the United Arab This presentation of studies on Egypt and the UAE with regard to corporate governance shows a possible justification for doing this research on the ground that: a) it holds a comparison between the two countries which did not happen in a previous study. b) it examines variables and use measurements that have not been applied before on those countries.…”

Section: Introductionmentioning

confidence: 99%

Accounting Reporting in Banks: The Case in Egypt and the UAE Before and after the Financial Crisis

Mubarak¹

2012

JAARP

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Banks in many countries including those in Egypt and the United Arab Emirates (UAE) suffered losses -at various degrees-as a result of the world financial crisis (started in 2006 by the US credit crisis). This stimulated the researcher to raise a question: Could accounting reporting by banks lessen the losses if more and better transparent information had been issued before the crisis? Corporate governance was considered a relevant framework based on an implicit assumption that: if stakeholders were better informed about the main policies and decisions undertaken in an adequate and timely manner, they may have to react to protect their interests and hence reduce losses. This study tests three hypotheses about disclosure of accounting information of banks and effects on quality of those information in Egypt and the UAE after the crisis. By analyzing data for years (2003)(2004)(2005) as representative of pre-crisis and (2009-2011) as post-crisis findings show support for the research hypotheses. There is more disclosure about financial items, operations abroad, directors and their remuneration in both countries after the crisis than before and in the UAE more than in Egypt. It was also found a positive association between disclosure and quality of information in terms of the timeliness and credibility it covers. The differences between the two countries could be explained by bigger exposure to international market (financial and trade) and bank having more resources in the UAE compared to Egypt but not because of ownership concentration which had a weak influence on change in transparency and governance between the two countries.

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“…In the past decades, there have been quite an increasing number of studies investigating the practice of corporate governance by firms in developing countries and emerging market around the globe. Corporate governance of firms have been investigated in Kenya (Mulili and Wong, 2011), Nigeria (Olayiwola, 2010), five Arabian countries (Baydoun et al, 2013) and Egypt (Bremer and Elias, 2007). Most of these studies have concentrated on other parts of Africa and developing countries without considering Ghana.…”

Section: Introductionmentioning

confidence: 99%

OECD Principles of Corporate Governance: Compliance among Ghanaian Listed Companies.

Gyamerah¹,

Agyei

2016

Int. J. Adv. Multidiscip. Res.

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This study has explored the corporate governance practices in Ghanaian listed firms using the OECD five principles of corporate governance. These principles are: Rights of Shareholders, Equitable Treatment of Shareholders, Roles of Stakeholders in Corporate Governance, Disclosure and Transparency, and Responsibility of the Board. A set of questionnaire containing carefully selected questions on each principle was administered in 20 selected firms on the Ghana stock market. The participants included three stakeholders of each company. Namely: Board of Directors, Management and Audit Committee. Percentages, mean, and standard deviation were used to describe the responses from the respondents. Again, the Kruskal-Wallis test was conducted to determine if there were significant difference between the responses of each group. The study revealed that OECD corporate governance practices are implemented in Ghanaian listed firms with Rights of Shareholders being the most practice (mean=3.94, SD=0.8747).

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Corporate governance in five Arabian Gulf countries

Cited by 102 publications

References 25 publications

Board of Director Independence and Financial Leverage in the Absence of Taxes

Board of Director Independence and Financial Leverage in the Absence of Taxes

Accounting Reporting in Banks: The Case in Egypt and the UAE Before and after the Financial Crisis

OECD Principles of Corporate Governance: Compliance among Ghanaian Listed Companies.

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