Corporate governance, Islamic governance and risk disclosure in MENA banks

Ahmed Elamer; Collins Ntim; Osama Awad; Samah Hafez

Corporate governance, Islamic governance and risk disclosure in MENA banks

Ahmed Elamer, Collins Ntim, Osama Awad, Samah Hafez

Research output: Contribution to conference › Paper › peer-review

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
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
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

Cite this

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title = "Corporate governance, Islamic governance and risk disclosure in MENA banks",

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.",

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TY - CONF

T1 - Corporate governance, Islamic governance and risk disclosure in MENA banks

AU - Elamer, Ahmed

AU - Ntim, Collins

AU - Awad, Osama

AU - Hafez, Samah

N1 - Conference code: 13

PY - 2015/6/4

Y1 - 2015/6/4

N2 - 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.

AB - 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.

KW - Corporate governance

KW - Islamic governance

KW - Board and ownership mechanisms

KW - Risk disclosure

KW - MENA banks

KW - Multi-theoretical perspective

UR - https://bafa.ac.uk/assets/uploads/13th_AFEE_Workshop_Programme.pdf

M3 - Paper

T2 - BAFA Accounting and Finance in Emerging Economies SIG

Y2 - 4 June 2015 through 4 June 2015

ER -

Corporate governance, Islamic governance and risk disclosure in MENA banks

Abstract

Workshop

Keywords

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