Corporate governance and firm performance: in Qatari non-financial firms

IF 2.5 Q2 BUSINESS, FINANCE
Basel Al-Shaer, Hassan H.H. Aldboush, Ahmad Hisham H. Alnajjar
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引用次数: 0

Abstract

Purpose

This paper aims to examine the relationship between corporate governance mechanisms and firm performance in Qatari non-financial firms over a nine-year period, including the period of high uncertainty caused by the COVID-19 pandemic.

Design/methodology/approach

The study uses data from Refinitiv and employs panel data econometric techniques, namely generalized least squares (GLS), to analyze the impact of board characteristics (board size, board meetings, board gender diversity, board-specific skills, board independence), audit committee features (existence of audit committee, audit committee independence), CEO duality and management scores on both accounting and market performance of Qatari firms. Control variables include firm size, age, leverage and industry classifications.

Findings

The findings suggest that board-specific skills positively influence firm performance, while board size and gender diversity exhibit a non-significant impact. Audit committee independence enhances accounting performance but does not significantly affect market performance. Surprisingly, management scores show a significant yet negative impact on certain financial measures, indicating the need for further investigation.

Practical implications

These insights provide valuable guidance for policymakers, investors and corporate leaders, emphasizing the importance of tailored governance practices in Qatar's unique business landscape.

Originality/value

This study provides unique insights into the governance-performance relationship in the context of Qatar, a region with limited existing research. The inclusion of the COVID-19 period adds a contemporary dimension to the analysis, highlighting the resilience and adaptability of corporate governance practices during times of crisis.

公司治理与公司业绩:卡塔尔非金融企业
目的 本文旨在研究卡塔尔非金融企业在九年期间(包括 COVID-19 大流行导致的高度不确定时期)的公司治理机制与公司业绩之间的关系。设计/方法/途径本研究使用 Refinitiv 数据,并采用面板数据计量经济学技术,即广义最小二乘法(GLS),分析董事会特征(董事会规模、董事会会议、董事会性别多样性、董事会特定技能、董事会独立性)、审计委员会特征(审计委员会的存在、审计委员会的独立性)、首席执行官双重性和管理层得分对卡塔尔公司会计和市场绩效的影响。控制变量包括公司规模、年龄、杠杆率和行业分类。研究结果研究结果表明,董事会特定技能对公司业绩有积极影响,而董事会规模和性别多样性的影响不显著。审计委员会的独立性提高了会计绩效,但对市场绩效没有显著影响。这些见解为政策制定者、投资者和企业领导者提供了有价值的指导,强调了在卡塔尔独特的商业环境中量身定制治理实践的重要性。原创性/价值本研究为卡塔尔这个现有研究有限的地区的治理-绩效关系提供了独特的见解。纳入 COVID-19 期间为分析增添了一个现代维度,突出了公司治理实践在危机时期的复原力和适应性。
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来源期刊
CiteScore
4.80
自引率
22.70%
发文量
78
期刊介绍: The journal provides a dynamic forum for the advancement of accounting and business knowledge based on Shari’ah and Islamic activities that have an impact on the welfare of society. JIABR publishes articles on the interplay between Islamic business ethics, accounting, auditing and governance, in promoting accountability, socio-economic justice (adl) and everlasting success (al-falah). It seeks to inform, among others, current theoretical and empirical research and practice in Islamic accounting, auditing and corporate governance, management of Islamic organizations, accounting regulation and policy for Islamic institutions, Shari’ah auditing and corporate governance, financial and non-financial performance measurement and disclosure in Islamic institutions and organizations. All styles of research, theoretical and empirical, case studies, practice-based papers and research notes that are well written and falling within the journal''s scope, are generally welcomed by the journal. Scope/Coverage Development of accounting, auditing and corporate governance concepts based on Shari’ah Socio-political influence on accounting and auditing regulation and policy making for Islamic financial institutions and organizations Historical perspectives on Islamic accounting, auditing and financial management Critical analysis on issues and challenges on accounting disclosure and measurement, Shari’ah audit and corporate governance Controls and risks in Islamic organizations Financial and non-financial performance measurement and disclosure.
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