The University of Southampton
University of Southampton Institutional Repository

Corporate boards and ownership structure as antecedents of corporate governance disclosure in Saudi Arabian publicly listed corporations

Corporate boards and ownership structure as antecedents of corporate governance disclosure in Saudi Arabian publicly listed corporations
Corporate boards and ownership structure as antecedents of corporate governance disclosure in Saudi Arabian publicly listed corporations
We investigate whether and to what extent publicly listed corporations voluntarily comply with and disclose recommended good corporate governance (CG) practices, and distinctively examine whether the observed cross-sectional differences in such CG disclosures can be explained by ownership and board mechanisms with specific focus on Saudi Arabia. Our results suggest that corporations with larger boards, a big-four auditor, higher government ownership, a CG committee and higher institutional ownership disclose considerably more than those that are not. By contrast, we find that an increase in block ownership significantly reduces CG disclosure. Our results are generally robust to a number of econometric models that control for different types of disclosure indices, firm-specific characteristics and firm-level fixed-effects. Our results have important implications for policy-makers, practitioners and regulatory authorities, especially those in developing countries across the globe
0007-6503
1-42
Al-Bassam, Waleed M.
067d6664-bb09-4471-832d-38f230825510
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Opong, Kwaku K.
d0be5207-8d96-417d-9ef4-144d8056e0f3
Downs, Yvonne
86c7c3b4-3a9a-4eac-8c9c-02f274ab6d0d
Al-Bassam, Waleed M.
067d6664-bb09-4471-832d-38f230825510
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Opong, Kwaku K.
d0be5207-8d96-417d-9ef4-144d8056e0f3
Downs, Yvonne
86c7c3b4-3a9a-4eac-8c9c-02f274ab6d0d

Al-Bassam, Waleed M., Ntim, Collins, Opong, Kwaku K. and Downs, Yvonne (2017) Corporate boards and ownership structure as antecedents of corporate governance disclosure in Saudi Arabian publicly listed corporations Business & Society, pp. 1-42. (doi:10.1177/0007650315610611).

Record type: Article

Abstract

We investigate whether and to what extent publicly listed corporations voluntarily comply with and disclose recommended good corporate governance (CG) practices, and distinctively examine whether the observed cross-sectional differences in such CG disclosures can be explained by ownership and board mechanisms with specific focus on Saudi Arabia. Our results suggest that corporations with larger boards, a big-four auditor, higher government ownership, a CG committee and higher institutional ownership disclose considerably more than those that are not. By contrast, we find that an increase in block ownership significantly reduces CG disclosure. Our results are generally robust to a number of econometric models that control for different types of disclosure indices, firm-specific characteristics and firm-level fixed-effects. Our results have important implications for policy-makers, practitioners and regulatory authorities, especially those in developing countries across the globe

Text __filestore.soton.ac.uk_users_cgn1n11_mydesktop_Accepted Papers_BAS_BAS_July_2015_Accepted_Version_Full_Manuscript.pdf - Accepted Manuscript
Available under License Creative Commons Attribution.
Download (711kB)
Text __filestore.soton.ac.uk_users_cgn1n11_mydesktop_Accepted Papers_BAS_BAS_Open_Access.pdf - Other
Download (476kB)

More information

Accepted/In Press date: 8 July 2015
e-pub ahead of print date: 16 October 2017
Organisations: Centre of Excellence for International Banking, Finance & Accounting

Identifiers

Local EPrints ID: 400961
URI: http://eprints.soton.ac.uk/id/eprint/400961
ISSN: 0007-6503
PURE UUID: 52333633-9559-44f0-9e56-f0e0901cfd9c

Catalogue record

Date deposited: 30 Sep 2016 14:18
Last modified: 31 Oct 2017 17:33

Export record

Altmetrics

Contributors

Author: Waleed M. Al-Bassam
Author: Collins Ntim
Author: Kwaku K. Opong
Author: Yvonne Downs

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×