Corporate governance mechanisms, royal family ownership and corporate performance: evidence in gulf cooperation council (GCC) market

Greenhouse gas emissions and corporate social responsibility in USA: A comprehensive study using dynamic panel model

“…CSR studies based on legitimacy theory demonstrate that organizations use corporate philanthropy and social disclosure as a means of legitimization [ 34 , 35 ]. Institutional Theory also support the idea that for survival in each business environment corporation must harmonize their activities with the existing environment to get a certain level of external societal approval [ [36] , [37] , [38] ]. CSR studies based on Institutional theory include are [ 39 , 40 ].…”

Does Family Ownership Moderate the Relationship between Board Diversity and the Financial Performance of Saudi-Listed Firms

“…The Saudi corporate sector is relatively less developed, and it has a higher potential for agency conflicts due to an ineffective market for corporate control (Alzeban 2020;Sulimany 2023). Although the country adopted CGC, studies argued that compliance with these codes has been a major challenge facing the sector (Albassam and Ntim 2017;Sarhan et al 2019;Tawfik et al 2022). This non-compliance may constrain corporate board compositions, thus influencing organisational outcomes.…”

“…Family ownership is a form of ownership structure prevalent in developed and emerging economies. The primary goal of these investors is to safeguard their family's goodwill and prestige and maximise investment value (Tawfik et al 2022). It is argued that familycontrolled firms may be associated with solid governance mechanisms because most of their top management positions are occupied by family members (Bataineh 2021).…”

“…More often, family members secure investment opportunities and cheaper financing sources for their firms from the external environment for value maximisation (AL Nasser 2020). Given that, studies found a positive relationship between family ownership and financial performance (Al-Duais et al 2021;Tawfik et al 2022;Wu et al 2019). In contrast, a segment of the literature suggests that family ownership may be associated with a higher agency conflict (Ha et al 2022;Setiawan et al 2016).…”

Ownership Structure on Dividend Policy in The Indonesian Stock Exchange

“…Furthermore, the substitution model may explain the link between agency problems and dividend policy (Murhadi, 2010). This model shows that firms with strong corporate governance pay fewer dividends because good corporate governance is effective and capable of reducing agency problems in organizations (Tawfik et al, 2022).…”