Corporate governance and performance of non-financial public listed firms in Oman

Corporate governance and performance of non-financial public listed firms in Oman

Corporate governance issues have been having the share of attention from researchers for over three decades owing to the increasing of global economic crisis. Hence, this study attempts to contribute to literature by investigating such relationship in Oman, a developing country. Specifically, this...

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Main Author: Al - Matari, Ebrahim Mohammed Ayedh
Format: Thesis
Language:eng
eng
Published: 2014
Subjects:
HD2709-2930.7 Corporations
Online Access:https://etd.uum.edu.my/4325/1/s93664.pdf
https://etd.uum.edu.my/4325/2/s93664_abstract.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Fadzil, Faudziah Hanim
Al-Swidi, Abdullah Kaid
topic HD2709-2930.7 Corporations
spellingShingle HD2709-2930.7 Corporations
Al - Matari, Ebrahim Mohammed Ayedh
Corporate governance and performance of non-financial public listed firms in Oman
description Corporate governance issues have been having the share of attention from researchers for over three decades owing to the increasing of global economic crisis. Hence, this study attempts to contribute to literature by investigating such relationship in Oman, a developing country. Specifically, this study investigates the relationship between the corporate governance mechanisms (board of director's characteristics, the audit committee characteristics, and the executive committee) and the performance of listed companies in Oman for the year 2008 to 2012. The model of this study was theoretically founded on both the agency and the resource dependence theories. To examine the developed model, the required data were gathered from the annual reports of 78 nonfinancial listed firms. In analysing the data, this study utilised the panel data methodology on 78 companies with 390 observations. Moreover, this study used firm size, leverage, industry and years as control variables. Based on the panel data results, the random effect model was used to examine the effect of the predictors on the finn performance measured by Return on Assets (ROA) and Tobin's Q. The statistical results show that board size, board meeting and time period (2010) were a positive determinant of Tobin's Q while audit committee meeting and executive committee existence were negative determinants of Tobin's Q. On the other hand, the secretary role, leverage and time period (2011) were negative predictors of ROA. From the practical and the theoretical contribution points of view, this study indicate that the resource dependence theory is more significant compared to the agency theory when describing corporate governance practices in Oman. Besides providing suggestions for future research work, this study provides several recommendations for regulators (the Capital Market) and Omani companies.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Al - Matari, Ebrahim Mohammed Ayedh
author_facet Al - Matari, Ebrahim Mohammed Ayedh
author_sort Al - Matari, Ebrahim Mohammed Ayedh
title Corporate governance and performance of non-financial public listed firms in Oman
title_short Corporate governance and performance of non-financial public listed firms in Oman
title_full Corporate governance and performance of non-financial public listed firms in Oman
title_fullStr Corporate governance and performance of non-financial public listed firms in Oman
title_full_unstemmed Corporate governance and performance of non-financial public listed firms in Oman
title_sort corporate governance and performance of non-financial public listed firms in oman
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2014
url https://etd.uum.edu.my/4325/1/s93664.pdf
https://etd.uum.edu.my/4325/2/s93664_abstract.pdf
_version_ 1747827714733113344
spelling my-uum-etd.43252022-04-09T23:21:02Z Corporate governance and performance of non-financial public listed firms in Oman 2014 Al - Matari, Ebrahim Mohammed Ayedh Fadzil, Faudziah Hanim Al-Swidi, Abdullah Kaid Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations Corporate governance issues have been having the share of attention from researchers for over three decades owing to the increasing of global economic crisis. Hence, this study attempts to contribute to literature by investigating such relationship in Oman, a developing country. Specifically, this study investigates the relationship between the corporate governance mechanisms (board of director's characteristics, the audit committee characteristics, and the executive committee) and the performance of listed companies in Oman for the year 2008 to 2012. The model of this study was theoretically founded on both the agency and the resource dependence theories. To examine the developed model, the required data were gathered from the annual reports of 78 nonfinancial listed firms. In analysing the data, this study utilised the panel data methodology on 78 companies with 390 observations. Moreover, this study used firm size, leverage, industry and years as control variables. Based on the panel data results, the random effect model was used to examine the effect of the predictors on the finn performance measured by Return on Assets (ROA) and Tobin's Q. The statistical results show that board size, board meeting and time period (2010) were a positive determinant of Tobin's Q while audit committee meeting and executive committee existence were negative determinants of Tobin's Q. On the other hand, the secretary role, leverage and time period (2011) were negative predictors of ROA. From the practical and the theoretical contribution points of view, this study indicate that the resource dependence theory is more significant compared to the agency theory when describing corporate governance practices in Oman. Besides providing suggestions for future research work, this study provides several recommendations for regulators (the Capital Market) and Omani companies. 2014 Thesis https://etd.uum.edu.my/4325/ https://etd.uum.edu.my/4325/1/s93664.pdf text eng public https://etd.uum.edu.my/4325/2/s93664_abstract.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Abbott, L. J., Park, Y ., & Parker, S. (2000). The effects of audit committee activities and independence on corporate fraud. Managerial Finance, 26(11), 55-67. Abbott, L. J., Parker, S., & Peters, G. F. (2004). Audit committee characteristics and restatements, auditing: A Journal of Practice and Theory, 23(1), 69-87. Abbott, L.J., Parker, G.F. Peters., & Raghunandan, K. (2003). 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