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Title:	Corporate risk disclosures, multiple directorships, and ruling family influence in five gulf co-operation council countries
Authors:	Alsheikh Awatif Hodaed (P85922)
Supervisor:	Mohamat Sabri Hassan, Prof. Dr.
Keywords:	Corporate governance -- Persian Gulf States Disclosure of information Financial risk Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	Jan-2021
Description:	Practices regarding corporate risk disclosures (CRD) have gained considerable attention in research, corporate practices, and regulations all over the world since the global financial crisis and the increased in global competition. Several research studies investigated the extent of the CRD by different types of companies and the main factors behind the varying levels of CRD. However, there is a lack of extant literature that investigate this issue in emerging markets, particularly in Gulf Co-operation Council (GCC) with unique feature related to multiple directorship and ruling family influence. Based on the agency framework, this study examines the relationships between multiple directorships, ruling family influence, and the level of CRD among non-financial firms listed in five of GCC countries (the Kingdom of Saudi Arabia, Bahrain, Kuwait, Oman, and the United Arab Emirates). A content analysis on the annual reports of 285 non-financial listed companies between 2015 and 2018 reveals there is an improvement in the CRD practices in the GCC companies. The regression analyses indicate that the directors with multiple directorships on the board and the ruling family ownership of those firms increase the level of CRD. On the other hand, the ruling family directors have no impact on the level of CRD. The results also indicate that multiple directorships partially mediate the relationship between ruling family ownerships and the level of CRD. These results provide a novel insight into the CRD reporting practices of these types of firms in five countries in the GCC region and suggest that experienced directors and ruling family ownerships are the most effective in monitoring the companies’ management to protect the interests of shareholders. Findings from this study contribute to the agency theory and practice on the important role of multiple directorships and ruling family influence within this unique emerging markets.,Ph.D.
Pages:	236
Call Number:	HG3881.5.I58.A437 2021 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan

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