Ownership Structure, Corporate Governance and Bank Performance: Evidence from GCC Countries
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Author(s)
Arouri, Houda
Hossain, Mohammed
Muttakin, Mohammad Badrul
Griffith University Author(s)
Year published
2011
Metadata
Show full item recordAbstract
The paper examines the effect of ownership structure and board characteristics on bank performance of GCC counties. Evidence indicates that the extent of the foreign ownership level has a significant positive association with the bank performance. However, concentrated ownership does appear to have a significant negative impact on performance and institutional ownership does not have any significant effect on performance. Other governance variables such as CEO duality and board size appear insignificant impact on performance. These results suggest a need to strengthen the internal control mechanisms within banks of GCC countries.The paper examines the effect of ownership structure and board characteristics on bank performance of GCC counties. Evidence indicates that the extent of the foreign ownership level has a significant positive association with the bank performance. However, concentrated ownership does appear to have a significant negative impact on performance and institutional ownership does not have any significant effect on performance. Other governance variables such as CEO duality and board size appear insignificant impact on performance. These results suggest a need to strengthen the internal control mechanisms within banks of GCC countries.
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Journal Title
Corporate Ownership & Control
Volume
8
Issue
4
Copyright Statement
© 2011 VirtusInterpress. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Accounting, Auditing and Accountability not elsewhere classified
Accounting, Auditing and Accountability
Banking, Finance and Investment
Business and Management