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.
|Number of pages||45|
|Publication status||Published - 4 Jun 2015|
|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||BAFA Accounting and Finance in Emerging Economies SIG|
|Period||4/06/15 → 4/06/15|
- Corporate governance
- Islamic governance
- Board and ownership mechanisms
- Risk disclosure
- MENA banks
- Multi-theoretical perspective
Elamer, A., Ntim, C., Awad, O., & Hafez, S. (2015). Corporate governance, Islamic governance and risk disclosure in MENA banks. Paper presented at BAFA Accounting and Finance in Emerging Economies SIG, Huddersfield , United Kingdom.