مجال
التميز
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تميز دراسي وبحثي
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البحوث المنشورة
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البحث (1):
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عنوان البحث:
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Family
Ownership, Corporate Governance And Performance: Evidence From Saudi Arabia
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تاريخ النشر:
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8 Dec 2014
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موجز عن البحث:
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The
main objective of this study is to examine the performance of companies
listed in the Saudi Stock Exchange. For this purpose, we studied and tested a
sample of 792 firm-years among from 11 industrial groups for the years 2006
to 2013 and compared Family and Non-family firms. The research addresses the
questions 1) Do family owned firms perform better? 2) How does concentration
of ownership affect firm performance, comparing family firms to non-family
ones? This research attempts to fill a research gap on the relationship or
determinants of capital structure in one of the emerging markets, Saudi
Arabia. This study will be implemented through a quantitative approach.
Secondary data were obtained from published annual statistical data, from the
company financial reports and the DataStream database.
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المؤتمرات العلمية:
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المؤتمر (1):
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عنوان المؤتمر:
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26th International Business Research Conference
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تاريخ الإنعقاد:
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2014 April
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بلد
ومكان الإنعقاد:
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London, UK
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طبيعة المشاركة:
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Paper
presentation
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عنوان المشاركة:
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Family
Business Agency Problems, Ownership Concentration and Corporate Performance: Theory
and Evidence from Saudi Arabia
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ملخص المشاركة:
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Agency
costs, ownership concentration and firm performance are three constructs that
have been extensively examined in finance literature. The effect of agency
costs and ownership concentration on firm performance, however, remains
contested despite the formulation of theoretical propositions regarding the
relationship between these constructs. The Saudi Arabia; economy is
characterized by large number of family owned businesses, and the significant
involvement of the Saudi government in the private sector (non-family firms).
However, few studies have investigated family firms in the context of capital
market research. Nevertheless, in a study of the top 300 manufacturing and 50
merchandising and other companies based on the 1965 Fortune 500 list, (Burch
1972) it was found that more than 47% of these publicly held firms were
family controlled.
This
research attempts to fill a research gap on the relationship between
separation of ownership and control, as well as ownership concentration and
firm performance in one of the emerging markets, Saudi Arabia. Saudi firms
are mainly family-owned or state-owned. The research addresses the questions:
How can family firms be identified? How does separation of ownership and
control affect firm performance? Is there any significant difference in
agency costs between family firms and non-family firms? Do family owned firms
perform better? How does concentration of ownership affect firm performance,
comparing family firms to non-family ones? This study will be implemented
through a quantitative approach. Secondary data obtained from published
annual statistical data on the financial reports and DataStream database will
be analysed to test the impact of agency costs and ownership concentration on
firm performance. The focus of the investigation will be firms that are
currently listed on the Saudi Stock Market Exchange (SSM). The dataset is a
panel of all firms in SSM from 2007-2011 excluding financial firms. This
study is very important because the problem of agency costs has not
previously been studied in the Saudi context, so this study will contribute
to agency theory in family business. It will have practical benefit to Saudi
companies and the Saudi government (as a major stakeholder in non-family
firms) by identifying agency problems.
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المؤتمر (2):
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عنوان المؤتمر:
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Critical studies in accounting and finance
conference
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تاريخ الإنعقاد:
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Dec 2013
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مكان
الإنعقاد:
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ABUDHABI, U.A.E
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طبيعة المشاركة:
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Paper
presentation
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عنوان المشاركة:
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Agency
Problems and Corporate Performance in Saudi Arabia Listed company
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ملخص المشاركة:
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The
main objective of this study is examining the determinants of capital
structure in of companies listed in the Saudi Stock Exchange. For this purpose,
we studied and tested a sample of 792 firm-years among Companies Listed in
the Saudi Stock Exchange in the form of 11 industrial groups during the years
2006 to 2013 comparing Family and Non-family firms. The research addresses
the questions 1) determinants of capital structure? 2) Is there a difference
in capital structure between family and non-family firms? This research
attempts to fill a research gap on the relationship determinants of capital
structure in one of the emerging markets, Saudi Arabia, comparing family and
non-family firms. This study will be implemented through a quantitative
approach. Secondary data obtained from published annual statistical data on
the financial reports and DataStream database
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المؤتمر (3):
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عنوان المؤتمر:
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6th Saudi Student Conference
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تاريخ الإنعقاد:
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2013
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مكان
الإنعقاد:
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Brunel
University – UK
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طبيعة المشاركة:
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Poster
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عنوان المشاركة:
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Family
Business Agency Problems and Corporate performance: Theory and evidence from
Saudi Arabia
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ملخص المشاركة:
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The
impact of family Ownership in firm value habitually has a positive influence.
Shleifer and Vishny (1986) found the positive relationship between ownership
concentration and firm performance and that resolved down the agency costs by
controlling and supervising activities in the firm. Holderness and Sheehan
(1988) summaries that there are positive effects on firm performance with
respect to majority of the firms which has majority shareholders. Berle and
Means (1932) found the importance of ownership concentration in resolving the
agency issues between an organisation’s owners and managers.
In
this study we address the question, how does ownership concentration affect
performance comparing family firms to non-family firms? To explore the
association between family ownership and firm performance in listed firms,
the contribution in this study, first, most other studies suffer from the
problem that family ownership is not accurately measured. Second, Avoiding
significant measurement error is useful in this context (biased and
inconsistent results are (largely) avoided.
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المؤتمر (4):
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عنوان المؤتمر:
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7th
Saudi Student Conference
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تاريخ الإنعقاد:
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Feb 2014
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مكان
الإنعقاد:
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Edinburgh
University- UK
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طبيعة المشاركة:
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Paper
presentation
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عنوان المشاركة:
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Family
Business, Agency Costs and performance
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ملخص المشاركة:
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Family
business, Agency costs and firm performance have been widely examined in
finance literature. The effect of agency costs and ownership concentration on
firm performance, however, remains contested despite the formulation of
theoretical propositions regarding the relationship between these constructs.
This research attempts to fill a research gap on the relationship between
separation of ownership and control, as well as ownership concentration and
firm performance in one of the emerging markets, Saudi Arabia. Is there any
significant difference in agency costs between family firms and non-family
firms? Do family owned firms perform better? How does concentration of
ownership affect firm performance, comparing family firms to non-family ones?
This study will be implemented through a quantitative approach. Secondary
data obtained from published annual statistical data on the financial reports
and DataStream database will be analysed to test the impact of agency costs
and ownership concentration on firm performance.
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