Impact of Corporate Governance on Banks: Evidence from Yemen and GCC Countries

البيضاني, Al-Baidhani د. احمد; Ahmed, Shakil

doi:10.2139/ssrn.3129580

Cited by 1 publication

(1 citation statement)

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“…Studies have been conducted to investigate these issues (Kling and Gao 2008;Al-hilu et al 2017;Healy and Palepu 2001;Habib and Jiang 2015;Hirshleifer 2001;Shleifer and Vishny 1997;Tam 2000;OECD 2004;Coombes and Watson 2000;Elbadry et al 2015;Fosberg 2004). Some studies have been conducted on Yemeni banks, which play a role in CG, and the majority are joint-stock companies (Alobaidi et al 2017;Basuony et al 2014;Alawi et al 2016;Al-Baidhani 2018;Al-Matari et al 2016;Al-Homaidi et al 2020a;Ismal et al 2014;Ali Saleh Al-magharem et al 2019;Qaid and Alhamidi 2020). Previous studies have also found that firms with good CG perform better than firms with less CG (Larcker et al 2007), and firms with better CG have shown better performance (Attig et al 2013).…”

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confidence: 99%

Examining the Impact of Corporate Governance on Investors and Investee Companies: Evidence from Yemen

2023

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The purpose of this study was to determine whether corporate governance is an important and effective technique for enhancing investors’ confidence in existing and prospective companies and for creating opportunities for safe investment in Yemen. A survey was conducted among certified public accountants to assess the importance of corporate governance. We employed regression analysis to test our hypothesis. According to the results of the study, corporate governance is an essential component of success for companies, and those firms that apply corporate governance best practices are highly regarded. Additionally, the findings suggest that regulators, policymakers, and standard-setters should raise awareness of the importance of protecting shareholders’ rights by providing seminars and courses for Yemeni media, unions, and professional associations. Moreover, in an environment of uncertainty there is a reluctance to invest and a prevalent tendency to invest in real estate. Furthermore, the results indicate that corporate governance is not practiced by all companies but only to a limited extent by some joint-stock companies. Most of the Yemeni companies that have adopted CG are joint-stock companies, so investors prefer to invest in these companies. The findings of this study provide valuable insights for regulators, practitioners, and academicians. We recommend that this survey be extended to a larger sample, including supervisory managers of companies. This study provides an insightful contribution, because it clarifies the importance of corporate governance for Yemeni investors and investee companies.

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