Abstract
This paper examines the impact of corporate governance (CG) and Islamic governance mechanisms on risk disclosure for a sample of commercial banks operating in the Middle East and North Africa (MENA) over the period of 2006 -2013. The multivariate analysis reports that risk disclosure is negative and significant statistically with block and governmental ownership, board size, and board gender. However, it is positive and significant statistically with foreign ownership, CEO duality. In addition, risk disclosure is associated positively with the Islamic governance and non-executive members; however, such association is non-significant. This result provides empirical support for the predictions of the multi-theoretical framework that incorporates insights from agency, stakeholder, signal, resources dependence, and proprietary costs theories. The results are robust after controlling for a number of firm- and country-level factors.
Original language | English |
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Number of pages | 45 |
Publication status | Published - 4 Jun 2015 |
Externally published | Yes |
Event | BAFA Accounting and Finance in Emerging Economies SIG - University of Huddersfield Business School , Huddersfield , United Kingdom Duration: 4 Jun 2015 → 4 Jun 2015 Conference number: 13 |
Workshop
Workshop | BAFA Accounting and Finance in Emerging Economies SIG |
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Country/Territory | United Kingdom |
City | Huddersfield |
Period | 4/06/15 → 4/06/15 |
Keywords
- Corporate governance
- Islamic governance
- Board and ownership mechanisms
- Risk disclosure
- MENA banks
- Multi-theoretical perspective