Family Ownership, Corporate Governance and Performance: Evidence from Saudi Arabia

Alghamdi, Mohammed H.; Rhodes, Mark

doi:10.5539/ijef.v7n2p78

Cited by 58 publications

(51 citation statements)

References 47 publications

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“…Thus, hypothesis H1 is supported. This finding is consistent with previous studies that found a positive relationship between family ownership and firm performance such as [17]. As for the hypothesis H2, the finding is consistent with [28] and [29], that found a positive relationship between foreign ownership and firm performance.…”

Section: Regression Results Of Model (Based On Accounting Measure)supporting

confidence: 92%

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The Impact of Ownership Structure on Firm Performance: Evidence from Jordan

Zraiq¹

2018

IJAFRM

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This study is an attempt to achieve the main objective by examining the association between ownership structure and firm performance of the Jordanian firms. This study used OLS regression to test the relationship between independent. variable and dependent variable as discussed in the section explaining the study method. The data comprised of 228 firms industrial and services. As this study Jordan attempts to bridge the gap. in the existing literature by investigating the association between ownership structure and firm performance in the emerging market of Jordan. The findings indicated a significantly positive relationship between ownership structure (family and foreign) and firm performance. Finally, this study provides recommendations for future research.

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Section: Regression Results Of Model (Based On Accounting Measure)supporting

confidence: 92%

“…Islamic law in Jordan gives the right for a woman to keep the name of her father after marriage. Therefore, the names of second generation owners in family firms will be clear and easy to identify [17].…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The Impact of Ownership Structure on Firm Performance: Evidence from Jordan

Zraiq¹

2018

IJAFRM

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“…The results found that corporate governance and firm value (measured as Tobin's Q and market value of equity) are positively related. In line with this study Al-Ghamdi, and Rhodes, (2015) study the Family Ownership, Corporate Governance and Performance in Saudi listed companies on sample of 792 observations for the period from 2006 to 2013. The analysis shows that ownership has a significant positive relationship if measured by Tobin's Q.…”

Section: Corporate Governance and Financial Performancementioning

confidence: 93%

Corporate Governance and Firm Performance: Evidence from Saudi Arabia

Buallay¹,

Hamdan²,

Zureigat³

2017

AABFJ

210

144

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This study aimed to measure the impact of Corporate Governance on Firm performance of listed companies in Saudi stock exchange. The study methodology was a pooled data collected from the Saudi stock exchange (TADAUWL) for the period from 2012 to 2014. The study sample is 171 listed companies. The study independent variable is Corporate Governance principals. The dependent variable is Firm performance which was measured using ROA, ROE and Tobin's Q. The study also utilized five control variables in order to help measuring the relationship between Corporate Governance and Firm Performance. In conclusion, the study found that the governance level was 61.4% in Saudi stock exchange which is considered high compared to previous studies. The results of the study test indicate that there is no significant impact for corporate governance adoption on firm's operational and financial performance in the listed companies in Saudi stock exchange. By testing the Tobin's Q model the study also concluded that there's no significant impact for ownership of the largest shareholder and independency of Board of Directors on firm's market performance. Significant impact was found for the ownership and the size of the Board of Directors on firm's performance. AbstractThis study aimed to measure the impact of Corporate Governance on Firm performance of listed companies in Saudi stock exchange. The study methodology was a pooled data collected from the Saudi stock exchange (TADAUWL) for the period from 2012 to 2014. The study sample is

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“…Karena salah satu tujuan utama dalam kegiatan bisnis untuk menghadapi persaingan global yang semakin ketat adalah bagaimana meningkatkan kinerja di suatu perusahaan (Al-Ghamdi dan Rhodes, 2015).…”

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“…Masalah keagenan muncul karena pemisahan antara fungsi kepemilikan dan pengelola perusahaan. Penelitian AlGhamdi dan Rhodes (2015) menunjukan bahwa konsentrasi kepemilikan memiliki pengaruh positif signifikan terhadap kinerja perusahaan. Hastori et al (2015) menyatakan dengan semakin terkonsentrasinya kepemilikan saham, maka pemilik saham yang besar dapat mempunyai insentif lebih untuk mengawasi kinerja para eksekutif, sehingga tindakan dan kebijakan para manajer yang tidak sejalan dengan tujuan perusahaan langsung dapat diketahui dan dicegah.…”

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Pengaruh Corporate Governance Terhadap Kinerja Industri Jasa Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia

Margaretha¹,

Afriyanti²

2017

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Abstract:The aims of this research is analyze the effect ofcorporate governance to firm performance of non financial services industry listed in Indonesia Stock Exchange. The sample used as many 37 companies period 2010-2014. The dependent variable in this research is the firm performance is measured by Return on Assets (ROA), while the independent variable are ownership concentration, managerial ownership, board size, CEO family, agency costs (asset turnover and expense ratio), firm size and leverage (long term debt to total assets and long term debt to equity ratio). The analysis method used is multiple linear regression. The results show that there is a positive influence between the agency cost, firm size and leverage to firm performance, there is also negative influence between the agency costs and leverage to firm performance, and there is no influence between ownership concentration, managerial ownership, board size, CEO family to firm performance.Keywords: Agency cost, board size, CEO family, firm performance, firm size, leverage, managerial ownership, and ownership concentration.Abstrak: Penelitian ini bertujuan untuk menganalisis pengaruh corporate governance terhadap kinerja industri jasa non keuangan yang terdaftar di Bursa Efek Indonesia (BEI). Sampel yang digunakan sebanyak 37 perusahaan dari tahun 2010-2014. Variabel dependen dalam penelitian ini adalah kinerja perusahaan yang diukur dengan Return on Asset (ROA), sedangkan variabel independennya adalah konsentrasi kepemilikan, kepemilikan manajerial, ukuran dewan direksi, CEO keluarga, biaya agensi, ukuran perusahaan. Metode analisis yang digunakan adalah regresi linier berganda. Hasil penelitian ini menunjukkan bahwa terdapat pengaruh positif antara biaya agensi (asset turnover), ukuran perusahaan dan leverage terhadap kinerja perusahaan, terdapat pengaruh negatif antara biaya agensi (expense ratio) dan leverage terhadap kinerja perusahaan, serta tidak ada pengaruh antara konsentrasi kepemilikan, kepemilikan manajerial,ukuran dewan direksi, dan CEO keluarga terhadap kinerja perusahaan.Kata kunci: Biaya agensi, CEO keluarga, kinerja perusahaan, kepemilikan manajerial, konsentrasi kepemilikan, hutang, ukuran dewan direksi dan ukuran perusahaan.

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Family Ownership, Corporate Governance and Performance: Evidence from Saudi Arabia

Cited by 58 publications

References 47 publications

The Impact of Ownership Structure on Firm Performance: Evidence from Jordan

The Impact of Ownership Structure on Firm Performance: Evidence from Jordan

Corporate Governance and Firm Performance: Evidence from Saudi Arabia

Pengaruh Corporate Governance Terhadap Kinerja Industri Jasa Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia

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