Energy Industry Performance in Saudi Arabia: Empirical Evidence

Aljaaidi, Khaled Salmen; Hassan, Waddah Kamal

doi:10.32479/ijeep.9003

Cited by 4 publications

(3 citation statements)

References 44 publications

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“…4. Board members are significant stakeholder of the company (Aljaaidi and Hassan, 2020). The hypothesis of this research can be written below as.…”

Section: Theory and Hypothesis Developmentmentioning

confidence: 99%

Corporate governance mechanism and firm performance in Saudi Arabia

Bazhair

2021

EEA

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The intention of this study is to examine the relationship of board size with firm performance among the health care equipment and services listed firms in Saudi Arabia for the period ranging from 2010 to 2019. The pooled ordinary least square (POLS) regression findings mention that the board size was positively associated with firm performance in both return on assets (ROA) and return on equity (ROE) models. This shows that better governed companies tend to attain better firm performance. This study results mention that in perspective of Saudi Arabia, enforcing a voluntary ‘comply or explain’ CG regime has, so far, a good effect on firm performance. The results documented by this study are important for market levels, decision makers and the company.

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“…4. Board members are significant stakeholder of the company (Aljaaidi and Hassan, 2020). The hypothesis of this research can be written below as.…”

Section: Theory and Hypothesis Developmentmentioning

confidence: 99%

Corporate governance mechanism and firm performance in Saudi Arabia

Bazhair

2021

EEA

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“…Likewise, Tanveer et al (2016) showed that liquidity significantly affects company's economical health that is listed on the Karachi Stock Exchange. Aljaaidi and Hassan (2020) uncovered a beneficial connection amongst board sizes and business outcome in Saudi Arabia. Additionally, Shaik (2021) observed that larger companies tend to be more profitable.…”

Section: Literature Regarding Determinants On Company Performancementioning

confidence: 99%

Navigating Financial Performance of the MENA Region Energy Sector: The Interplay of Working Capital and Leverage

Elgayar,

Serag,

Metawa

2024

IJEFI

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This research delves into the influence of leverage considering potential outcomes within operational funds concerning the fiscal implications of the energy industry within the middle east and north Africa region. The research employed an empirical approach by collecting secondary data from the MENA region's energy sector between 2018 and 2022. To achieve this, the study formulated three hypotheses and utilized the empirical random panel data model. The investigative results affirm the validity of all three hypotheses. Additionally, they provide insights into the relationships among the variables in these hypotheses. Particularly noteworthy is the fact that certain results from the hypotheses contradict the expected theoretical impact. The article suggests that future researchers should delve into additional factors influencing firm performance, recognizing that diverse variables may yield varied outcomes. Broadening the study's scope by incorporating different timeframes and a more diverse array of firms could enhance the overall representativeness of research findings. Expanding this inquiry beyond the energy sector to encompass various industries might offer a comprehensive understanding of how working capital affects firm performance across distinct economic sectors. Subsequent empirical studies are advised to consider global health crises, political events, and other socio-economic developments in the MENA region. Examining events such as the COVID-19 pandemic and ongoing geopolitical conflicts like the Russian-Ukrainian and Israeli-Palestinian conflicts could illuminate how such incidents impact of the association among cash reserve, leverage, and company efficacy. To gain deeper insights into the causal distinctions among financial resources, and production form the company, researchers might investigate bidirectional results between each pair of variables using Granger causality tests. The findings from the present study are pertinent for energy sector companies, policymakers, and academia. Future research endeavors could focus on scrutinizing how the implications of operating funds on company procedures change when moderated by additional factors related to macroeconomics, providing practical insights for decision-makers.

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“…Finally, they found that financial performance is governed by the working capital. Aljaaidi and Hassan (2020) studied and found that the size of the board is positively associated with firm performance. Further, they demonstrated that, in the context of Saudi Arabia, board meetings, firm size, and firm leverage are inversely correlated with firm performance.…”

Section: Literature Reviewmentioning

confidence: 99%

Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage

Shaik

Anis

Alanazi

2023

IJEEP

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The current study examines the effect of working capital (measured in terms of current ratio) on firm performance in the listed firms of Saudi Arabian energy sector during the period starting from 2012 to 2019. A pooled and panel data model was used to analyze the extracted data. The findings indicate that working capital has a considerable beneficial impact on company performance and that leverage has a significant negative impact. Even after moderating by an interaction variable, working capital still has a substantial negative influence on corporate performance.

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Energy Industry Performance in Saudi Arabia: Empirical Evidence

Cited by 4 publications

References 44 publications

Corporate governance mechanism and firm performance in Saudi Arabia

Corporate governance mechanism and firm performance in Saudi Arabia

Navigating Financial Performance of the MENA Region Energy Sector: The Interplay of Working Capital and Leverage

Working Capital and Financial Performance in the Energy Sector of Saudi Arabia: Moderating Role of Leverage

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