| مجال التميز | تميز دراسي و بحثي + جائزة تفوقية |
البحوث المنشورة |
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| البحث (1): | |
| عنوان البحث: |
THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE MECHANISMS AND THE PERFORMANCE OF SAUDI LISTED FIRMS |
| رابط إلى البحث: |
https://virtusinterpress.org/THE-RELATIONSHIP-BETWEEN-CORPORATE,4669.html |
| تاريخ النشر: |
29/01/2017 |
| موجز عن البحث: |
This paper gauges, both qualitatively and quantitatively, the pertinent variables to corporate governance practices and their relationship to business productivity in the context of the Kingdom of Saudi Arabia. This study was conducted in response to the limited literature in this context. A new code of corporate governance was issued by the Saudi Arabian Capital Market Authority as a direct consequence of the 2006 stock market crash; in 2010, the code was made mandatory for listed firms. Rigorous empirical studies are practical not only for Saudi Arabia and its policy makers but also potentially for solving global investment issues and ensuring security. This study found two variables to have a significant negative relation: chief executive officer turnover and independent board members. Thus, greater rates of chief executive officer turnover are associated with negative firm performance. In addition, independent board directors’ negative value was found to be very close to zero and significant only at the 10% level. Consequently, some caution is required when considering this result. |
| البحث (2): | |
| عنوان البحث: |
OWNERSHIP STRUCTURE AND CORPORATE GOVERNANCE: WHAT DOES THE DATA REVEAL ABOUT SAUDI LISTED FIRMS? |
| رابط إلى البحث: |
https://virtusinterpress.org/OWNERSHIP-STRUCTURE-AND-CORPORATE,4919.html |
| تاريخ النشر: |
22/06/2017 |
| موجز عن البحث: |
In this paper we examine the ownership structure of 169 firms listed on the Saudi Arabian stock market from 2008 to 2014. The analysis uses the testing methodology described by Demsetz and Lehn (1985) to examine the effects of firm and market instability on Saudi ownership structure and additionally, the effect of systematic regulation that imposes constraints on the behaviour of the selected listed firms. We find evidence, for the majority of the ownership structures considered, in favour of the view that firm size, regulation and instability affects ownership structure. The results suggest that the size variable has a positive effect on ownership concentration. Our analysis also shows that instability had some effect on ownership concentration and structure when using the non-linear specification, particularly when using firm specific instability, albeit the effect was stronger when the instability measure was accounting profit returns. Lastly, there is evidence that government-owned firms were mostly affected by regulation while diffused owned firms were affected most by instability than non-government owned firms. |
| البحث (3): | |
| عنوان البحث: |
ARE RANGE BASED MODELS GOOD ENOUGH? EVIDENCE FROM SEVEN STOCK MARKETS |
| رابط إلى البحث: | |
| تاريخ النشر: |
06/06/2018 |
| موجز عن البحث: |
We study the performance of range-based models over varying market conditions and compare their performance against a set of alterative risk measurement models, including the more widely used techniques in practice for measuring the Value-at-Risk (VaR) of seven financial market indices. In particular, we focus on model accuracy in estimated VaRs over quiet and volatile moments utilizing loss functions and likelihood ratio tests for coverage probability. The empirical estimates based on these two criteria find that the range based-model of Yang and Zhang (2000) shows some success in estimated VaR risk measure, especially during quiet periods, than is the case for the other range based models considered. Also, we find that the EWMA and RiskMetrics models have an inconsistent marginal edge over the widely used GARCH and historical simulation specifications and that there is validity in the use of the EWMA and RiskMetrics models over range-based approaches as both capture and thus provide more accurate estimated VaR risk measure of market risk. |
المؤتمرات العلمية |
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| المؤتمر (1): | |
| عنوان المؤتمر: |
International Conference of Corporate Governance and Company Performance: Exploring the Challenging Issues |
| تاريخ الإنعقاد: |
26/10/2017 |
| مكان الإنعقاد: |
Lisbon. Portugal |
| طبيعة المشاركة: |
Oral presentation |
| عنوان المشاركة: |
The relationship between corporate governance mechanisms and the performance of Saudi listed firms |
| ملخص المشاركة: |
This paper gauges, both qualitatively and quantitatively, the pertinent variables to corporate governance practices and their relationship to business productivity in the context of the Kingdom of Saudi Arabia. This study was conducted in response to the limited literature in this context. A new code of corporate governance was issued by the Saudi Arabian Capital Market Authority as a direct consequence of the 2006 stock market crash; in 2010, the code was made mandatory for listed firms. Rigorous empirical studies are practical not only for Saudi Arabia and its policy makers but also potentially for solving global investment issues and ensuring security. This study found two variables to have a significant negative relation: chief executive officer turnover and independent board members. Thus, greater rates of chief executive officer turnover are associated with negative firm performance. In addition, independent board directors’ negative value was found to be very close to zero and significant only at the 10% level. Consequently, some caution is required when considering this result. |
| الرابط: | |
جوائز التكريم |
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| الجائزة (1): | |
| مسمى الجائزة: |
Virtus Interpress Best Emperical Papers Collection |
| الجهة المانحة: |
Virtus Interpress director |
| تاريخ الجائزة: |
13/02/2018 |
| مجال التكريم: |
The paper ‘Ownership structure and corporate governance: what does the data reveal about Saudi listed firms’ was included in the Virtus Interpress best empirical papers collection on ownership structure |
| الرابط: |
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المرفقات
- https://uksacb.org/wp-content/uploads/Certificate-of-Participation-1.pdf
- https://uksacb.org/wp-content/uploads/Letter-of-Confirmation-The-best-empirical-paper-collection-on-ownership-structure-1.pdf
- https://uksacb.org/wp-content/uploads/Research-Paper-1-THE-RELATIONSHIP-BETWEEN-CORPORATE-GOVERNANCE-MECHANISMS-AND-THE-PERFORMANCE-OF-SAUDI-LISTED-FIRMS-1.pdf
- https://uksacb.org/wp-content/uploads/Research-Paper-2-Ownership-structure-and-corporate-governance-What-does-the-data-reveal-about-Saudi-listed-firms-1.pdf
- https://uksacb.org/wp-content/uploads/Research-Paper-3-ARE-RANGE-BASED-MODELS-GOOD-ENOUGH-EVIDENCE-FROM-SEVEN-STOCK-MARKETS-1.pdf
