EXPLORING THE EFFECTIVENESS ROLE OF BOARD CHARACTERISTICS ON FIRM PERFORMANCE: A STUDY IN A SAMPLE OF GCC
##plugins.themes.EpsilonTheme.article.main##
Mohammed A. Husain*
The primary goal of this comparative study is to ascertain the relationship between the performance of firms in Bahrain and Oman and the selected corporate governance procedures. The structured methodology of the study combines a thorough literature review with empirical analysis to accomplish these research goals. A purposeful sample of listed firms in Bahrain and Oman is used to gather financial and governance data, which is then evaluated using regression analysis to test the hypotheses. The results of this study have significant implications for various stakeholders. Regulators can use the findings to create frameworks that support good corporate governance practices, contributing to economic stability and prosperity. Investors can benefit from understanding how specific governance methods impact businesses' financial success, enabling them to make informed investment decisions. Additionally, the report offers valuable guidance for companies operating in Bahrain and Oman on how to enhance corporate governance processes to improve financial results and ensure long-term viability. This comparative study aims to advance knowledge in the fields of corporate governance and company performance research, particularly in the contexts of Bahrain and Oman, by providing insights into the effects of CEO duality, board size, audit committee meetings, and risk management committee meetings on company financial performance.
Abdullah, S. (2004). Board Composition, CEO Duality and Performance among Malaysian Listed Companies. Corporate Governance, 4(4), 47-61.
Adam, R. B., & Mehran, H. (2003). Is Corporate Governance Different for Bank Holding Companies? Economic Policy Review – Federal Reserve Bank of New York, 9(1), 123–142.
Adjaoud, F., Zeghal, D., & Andaleeb, S. (2007). The Effect of Board Quality on Performance: A Study of Canadian Firms. Corporate Governance: An International Review, 15(4), 623–635.
Agrawal, A., & Knoeber, C. R. (1996). Firm Performance and Mechanisms to Control Agency Problems Between Managers and Shareholders. Journal of Financial and Quantitative Analysis, 31(3), 377–397.
Alabdullah, T. T. Y. (2016). Agency Theory Perspective: A Quantitative Study Of Accounting Performance Measures In Emerging Economies. ICTE Proceedings, New York.
Alabdullah, T. T. Y. (2016). Are Board Size And Ownership Structure Beneficial In Emerging Markets’ Firms? Evidence from Jordan. International Journal of Management & Information Systems (IJMIS), 20(3), 87-94.
Alabdullah, T. T. Y. (2016). Corporate Governance from The Perspective of The Past and The Present and The Need to Fill an International Gap. Risk Governance & Control: Financial Markets & Institutions, 6(4).
Alabdullah, T. T. Y. (2016). The Performance of Companies and The Board’s Characteristics From the New Perspective of Manipulation Avoidance. Corporate Ownership & Control, 13(4), 279-286.
Alabdullah, T. T. Y. (2017). Compensation committee, company board attributes, and company performance: The moderating effect of leadership position. Paper presented at the 2017 Wei International Academic Conference Proceedings, July 24-27, 2017, Business and Economics.
Alabdullah, T. T. Y. (2018). The relationship between ownership structure and firm financial performance. Benchmarking: An International Journal, 25(1), 319-333.
Alabdullah, T. T. Y. (2019). Management Accounting and Service Companies' Performance: Research in Emerging Economies. Australasian Accounting, Business and Finance Journal, 13(4), 100-118. doi:10.14453/aabfj.v13i4.8.
Alabdullah, T. T. Y. (2021). Management accounting insight via a new perspective on the risk management - companies’ profitability relationship. International Journal of Intelligent Enterprise, 7, In press.
Alabdullah, T. T. Y. (2021). Ownership Structure and the Failure or Success of Firm Performance: Evidence from Emerging Market; Cross-sectional Analysis. International Journal of Business and Management Invention, 10(8).
Alabdullah, T. T. Y. (2023). Addressing Knowledge Management Issues At University Of Houston: Overcoming Obstacles To Improve Organizational Performance. Journal Of Management, Accounting, General Finance And International Economic Issues, 3(1), 32-50.
Alabdullah, T. T. Y. (2023). Capital Market Companies In The Uae: Determinants And Factors Affecting The Performance Of Listed Uae Companies. Current Advanced Research On Sharia Finance And Economic Worldwide, 3(1), 1-18.
Alabdullah, T. T. Y. (2023). How Do Sustainability Assurance, Internal Control, Audit Failures Influence Auditing Practices?. Journal of Management, Accounting, General Finance and International Economic Issues, 2(3), 671-688.
Alabdullah, T. T. Y. (2023). In Light Of The Current Economic Status: Do Board Characteristics And Risk Management Committees Promote Firm Performance In Saudi Arabia?. Journal Of Humanities, Social Sciences And Business, 3(1), 14-30.
Alabdullah, T. T. Y. (2023). The Impact Of Financial Technology And Risk Management Practices On Corporate Financial System Profitability: Evidence From Kuwait. SocioEconomic Challenges, 7(3), 141-151.
Alabdullah, T. T. Y. (2023). The Link between Internal Control Mechanisms and Corporate Performance: A study for a New Perspective to Support Economic Growth. International Journal of Accounting and Business Society, 30(2).
Alabdullah, T. T. Y. (2023). The Role Of Audit Committees In Omani Business Context: Do They Affect The Performance Of Non-Financial Companies. Journal Of Humanities, Social Sciences And Business, 2(4), 643-659.
Alabdullah, T. T. Y., Ahmed, E. R. (2019). Board Diversity and Disclosure of Corporate Social Responsibility Link: A Study in Malaysia. Journal of Adv Research in Dynamic & Control System, 11(11).
Alabdullah, T. T. Y., Ahmed, E. R. (2020). A cross-sectional analysis of the influence of corporate governance features on the organizational outcomes: An assessment. International Islamic University Chittagong, 17(2), 6-26.
Alabdullah, T. T. Y., Ahmed, E. R. (2021). New Insights to Investigate the Impact of Internal Control Mechanisms on Firm Performance: A Study in Oman. Riset Akuntansi dan Keuangan Indonesia, 6(2).
Alabdullah, T. T. Y., Ahmed, E. R. (2023). The Impact Of Financial Technology And Risk Management Practices On Corporate Financial System Profitability: Evidence From Kuwait. SocioEconomic Challenges, 7(3), 141-151.
Alabdullah, T. T. Y., Ahmed, E. R., & Ahmed, R. R. (2021). Organization features and profitability: Implications for a sample of Emerging Countries. Journal of Accounting and Business Education, 5(2), 43-52. DOI: http://dx.doi.org/10.26675/jabe.v5i2.16351.
Alabdullah, T. T. Y., Ahmed, E. R., & Mohammed Almashhadani, M., Yousif S, Almashhadani H, Almashhadani R, Putri, E (2021). How Significantly to Emerging Economies Benefit From Board Attributes and Risk Management in Enhancing Firm Profitability? Journal of Accounting Science, 5(2).
Alabdullah, T. T. Y., Ahmed, E. R., and Nor, M. I. (2020). The World Declining Economy And Coronavirus Pandemic: Systems Should Be Continued. Russian Journal of Agricultural and Socio-Economic Sciences, 102, 89–96. doi: 10.18551/rjoas.2020-06.11.
Alabdullah, T. T. Y., Ahmed, E. R., and Nor, M. I. (2021). New Insights to Investigate the Impact of Internal Control Mechanisms on Firm Performance: A Study in Oman. Riset Akuntansi dan Keuangan Indonesia, 6(2).
Alabdullah, T. T. Y., Ahmed, E. R., & Nor, M. I. (2018). New Ideas from Management, Finance and Accounting Perspective: The Research for A New Link Between A Company’s Outcome and Risk Management. 5th International Conference on New Ideas in Management, Economics and Accounting.
Alabdullah, T. T. Y., Ahmed, E. R., & Nor, M. I. (2019). Do board characteristics provide more enhancement for firm financial performance? A corporate governance perspective. New challenges in corporate governance: Theory and practice (pp. 89–91). https://doi.org/10.22495/ncpr_25.
Alabdullah, T. T. Y., Ahmed, E. R., & Yahya, S. (2018). The determination of firm performance in emerging nations: Do board size and firm size matter? International Academic Journal Of Accounting And Financial Management, 5(2), 57-66. DOI: 10.9756/IAJAFM/V5I2/1810017.
Alabdullah, T. T. Y., Ahmed, E. R., &Muneerali, M. (2019). Effect of Board Size and Duality on Corporate Social Responsibility: What has Improved in Corporate Governance in Asia?
Alabdullah, T. T. Y., Ahmed, E. R. (2019). Board Diversity and Disclosure of Corporate Social Responsibility Link: A Study in Malaysia. Journal of Adv Research in Dynamic & Control System, 11(11).
Alabdullah, T. T. Y. (2023). The Impact Of Financial Technology And Risk Management Practices On Corporate Financial System Profitability: Evidence From Kuwait. SocioEconomic Challenges, 7(3), 141-151.
Alabdullah, T. T. Y., Churiyah, M., & Eksandy, A. (2023). In Light of Climate Change Threat: Does Increased Funding of Meteorological Services Offer a Solution? An Accounting Perspective. Path of Science, 9(8), 3033-3045.
Alabdullah, T. T. Y., Churiyah, M., & Ibrahim, S. (2023). The Impact Of It Governance On Promoting Firm Performancein Qatar: A Conceptual Approach. Journal Of Humanities, Social Sciences And Business, 3(1), 196-213.
Alabdullah, T. T. Y., Ahmed, E. R. (2021). New Insights to Investigate the Impact of Internal Control Mechanisms on Firm Performance: A Study in Oman. Riset Akuntansi dan Keuangan Indonesia, Vol. 6,(2).
Alabdullah, T. T. Y., Ahmed, E. R., & Nor, M. I. (2018). New Ideas from Management, Finance and Accounting Perspective: The Research for A New Link Between A Company’s Outcome and Risk Management. 5th International Conference on New Ideas in Management, Economics and Accounting.
Alabdullah, T. T. Y., Ahmed, E. R., & Nor, M. I. (2019). Do board characteristics provide more enhancement for firm financial performance? A corporate governance perspective. New challenges in corporate governance: Theory and practice (pp. 89– 91). https://doi.org/10.22495/ncpr_25.
Alabdullah, T. T. Y., Ahmed, E. R., & Yahya, S. (2018). The determination of firm performance in emerging nations: Do board size and firm size matter? International Academic Journal Of Accounting And Financial Management, 5(2), 57-66. DOI: 10.9756/IAJAFM/V5I2/1810017.
Alabdullah, T. T. Y., Ahmed, E. R., & Muneerali, M. (2019). Effect of Board Size and Duality on Corporate Social Responsibility: What has Improved in Corporate Governance in Asia? Journal of Accounting Science, 3(2), 121-135.
Alabdullah, T. T. Y., Ahmed, E. R. (2020). A cross-sectional analysis of the influence of corporate governance features on the organizational outcomes: An assessment. International Islamic University Chittagong. 17(2). P.P 6-26.
Alabdullah, T. T. Y., Ahmed, E. R., Almashhadani, M., Yousif, S. K., Almashhadani, H. A., Almashhadani, R., Putri, E. (2021). How significantly do emerging economies benefit from board attributes and risk management in enhancing firm profitability? Journal of Accounting Science, Vol. 5, no. 1.
Alabdullah, T. T. Y., Ahmed, E. R., Mohammed Almashhadani, M., Yousif, S., Almashhadani, H., Almashhadani, R., Putri, E. (2021). How significantly do emerging economies benefit from board attributes and risk management in enhancing firm profitability? Journal of Accounting Science, 5(2).
Alabdullah, T. T. Y., Ahmed, E. R., and Nor, M. I. (2020). The World Declining Economy And Coronavirus Pandemic: Systems Should Be Continued. Russian Journal of Agricultural and Socio-Economic Sciences, 102, 89–96. doi: 10.18551/rjoas.2020-06.11.
Alabdullah, T. T. Y., Alfadhl, M. M. A., Yahya, S., & Rabi, A. M. A. (2014). The Role of Forensic Accounting in Reducing Financial Corruption: A Study in Iraq. International Journal of Business and Management, 9(1), 26.
Alabdullah, T. T. Y., Al-Fakhri, I., Ahmed, E. R., & Kanaan-Jebna, A. (2021). Empirical Study Of The Influence Of Board Of Directors’feature On Firm Performance. Russian Journal of Agricultural and Socio-Economic Sciences, 11(119), 137-146.
Alabdullah, T. T. Y., Al-Fakhri, I., Ahmed, E. R., & Kanaan-Jebna, A. (2021). Corporate Governance System and Firm Financial Performance. Acta Scientific Computer Sciences, 4(6), 97-103.
Alabdullah, T. T. Y., Awang, M. I., Sobirov, B., Multazam, M. T., & Wardana, M. D. (2023). of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022).
Alabdullah, T. T. Y., Hussein, Z. A. A. (2023). Risk Management, Female Leadership and Project Management Performance: A study in Oman. International Journal of Scientific and Management Research, 6(6), 77-94.
Alabdullah, T. T. Y., AL-Qallaf, A. J. M. (2023). The Impact Of Ethical Leadership On Firm Performance In Bahrain: Organizational Culture As A Mediator. Current Advanced Research On Sharia Finance And Economic Worldwide, 2(4), 482-498.
Alabdullah, T. T. Y., Mohamed, Z. K. (2023). Exploring The Impact Ceo Duality, Firm Size, And Board Size On Capital Structure Based On The Knowledge Management During The Covid-19 Pandemic. International Journal of Accounting, Management, Economics and Social Sciences, 1(4), 266-280.
Alabdullah, T. T. Y., Laadjal, A., Ries, E., & Al-Asadi, Y. A. A. (2018). Board Features and Capital Structure in Emerging Markets. Journal of Advanced Management Science, 6(2).
Alabdullah, T. T. Y., Maryanti, E. (2021). Internal Control Mechanisms in Accounting, Management, and Economy: A review of the Literature and Suggestions of New Investigations. International Journal of Business and Management Invention, 10(9).
Alabdullah, T. T. Y., Naseer, H. K. (2023). Corporate Governance Strategic Performance As A Significant Strategic Management To Promoting Profitability: A Study In Uae. Journal Of Humanities, Social Sciences And Business, 2(4), 620-635.
Alabdullah, T. T. Y., Zubon, Z. W. (2023). Do Investments And Independency Influence Firm Performance In Light Of Performance Management: A Study In Kuwait. Journal Of Management, Accounting, General Finance And International Economic Issues, 2(3), 645-661.
Alabdullah, T. T. Y., Nor, M. I., & Ahmed, E. R. (2018). The determination of firm performance in emerging nations: Do board size and firm size matter? Management, 5(3), 57-66.
Alabdullah, T. T. Y., Yahya, S., & Ramayah, T. (2014). Corporate Governance Mechanisms and Jordanian Companies' Financial Performance. Asian Social Science, 10(22), 247.
Alabdullah, T. T. Y., Yahya, S., & Ramayah, T. (2014). Corporate Governance Development: New or Old Concept? European Journal of Business and Management, 6(7), 312-315.
Alabdullah, T. T. Y., Yahya, S., and Ramayah, T. (2014b). Corporate Governance Mechanisms and Jordanian Companies’ Financial Performance. Asian Social Science, 10, 247–247.
Alabdullah, T. T. Y. (2023). The Link between Internal Control Mechanisms and Corporate Performance: A study for a New Perspective to Support Economic Growth. International Journal of Accounting and Business Society, 30(2).
Alabdullah, T. T. Y., Yahya, S., Nor, M. I., & Majeed, F. Q. (2016). An Investigation of Corporate Governance from A New Perspective: Examining the Financial Performance of Companies and The Impact of Executive Turnover. Corporate Board: Role, Duties & Composition, 12(1).
Alabdullah, T. Y., Yahya, S., & Ramayah, T. (2014). Corporate Governance Development: New or Old Concept? European Journal of Business and Management, 6(7), 312-315.
Alabdullah, T. T. Y., Asmar, M. (2022). Under COVID-19 Pandemic Impact: Do Internal Mechanisms Play Fundamental Role in Corporations’ Outcomes. Business Ethics and Leadership, 6(1), 84-92. http://doi.org/10.21272/bel.6(1).84-92.2022
Alabdullah, T. T. Y., Kanaan-Jebna, K., Ahmed, E. R. (2022). The Impact of Platforms Being Analogue in Some European Countries on Dealing with Management Issues. Russian Journal of Agricultural and Socio-Economic Sciences, Vol. 10, no 102, 89–96. doi: 10.18551/rjoas.2020-06.11.
Alfadhl, M. M. A., Alabdullah, T. T. Y. (2013). Determinants of the Managerial Behavior of Agency Cost and Its Influential Extent on Performance: A Study in Iraq. International Journal of Humanities and Social Science, 3(1).
Alfadhl, M. M. A., Alabdullah, T. T. Y. (2016). Agency Cost and Management Behavior: The Role of Performance as a Moderator. International Journal of Science and Research (IJSR), 5(1), 1858-1864.
Ahmed, E. R., Islam, M. A., & Alabdullah, T. T. Y. (2014). Islamic sukuk: Pricing mechanism and rating. Journal of Asian Scientific Research, 4(11), 640.
Ahmed, D., & Yahaya, O. A. (2024). Institutional and board ownership and corporate financial performance in Nigeria. Advances in Business Research, 14, 111-132.
Bansal, A., Samontaray, D. P., & Kumar, R. (2023). The Impact of Corporate Governance (CG) on Firm Performance: Evidence from Emerging Countries Banking Industry. Copernican Journal of Finance & Accounting, 12(2). umk.pl
Boachie, C. & Mensah, E. (2022). The effect of earnings management on firm performance: The moderating role of corporate governance quality. International Review of Financial Analysis. e-tarjome.com
Farah, B., Elias, R., Aguilera, R., & Abi Saad, E. (2021). Corporate governance in the Middle East and North Africa: A systematic review of current trends and opportunities for future research. Corporate Governance: An International Review, 29(6), 630-660.
Fooladi, M., & Shukor, Z. A. (2011, March). Corporate governance and disclosure of related party transactions. In 2nd International Conference on Business and Economic Research (2nd ICBER 2011), Langkawi, Malaysia (pp. 14-16).
Gerged, A. M., Albitar, K., & Al‐Haddad, L. (2023). Corporate environmental disclosure and earnings management—The moderating role of corporate governance structures. International Journal of Finance & Economics, 28(3), 2789-2810. wiley.com
Guo, Z., & Kga, U. K. (2012). Corporate governance and firm performance of listed firms in Sri Lanka. Procedia-Social and Behavioral Sciences, 40, 664-667.
Hamdan, A. (2020). The role of the audit committee in improving earnings quality: The case of industrial companies in GCC. Journal of International Studies. semanticscholar.org
Ibrahim, S., Alabdullah, T. T. Y., Zahari, M. K., Radzi, W. N. W. M., & Abdullah, M. F. S. (2023). Accountability Disclosure Through Web-Based: Malaysian Humanitarian and Medical Relief NGO. International Journal of Business and Technology Management, 5(S5), 18-25.
Jan, A. A., Lai, F. W., Draz, M. U., Tahir, M., Ali, S. E. A., Zahid, M., & Shad, M. K. (2021). Integrating sustainability practices into islamic corporate governance for sustainable firm performance: from the lens of agency and stakeholder theories. Quality & Quantity, 1-24.
Jizi, M., Nehme, R., & Melhem, C. (2022). Board gender diversity and firms' social engagement in the Gulf Cooperation Council (GCC) countries. Equality, Diversity and Inclusion: An International Journal, 41(2), 186-206. researchgate.net
Merendino, A. & Sarens, G. (2020). Crisis? What crisis? Exploring the cognitive constraints on boards of directors in times of uncertainty. Journal of Business Research. coventry.ac.uk
Mylrea, M. & Robinson, N. (2023). Artificial Intelligence (AI) trust framework and maturity model: applying an entropy lens to improve security, privacy, and ethical AI. Entropy. mdpi.com
Onakoya, A. B. O., Fasanya, I. O., & Ofoegbu, D. I. (2014). Corporate governance as correlate for firm performance: A pooled OLS investigation of selected Nigerian banks. IUP Journal of Corporate Governance, 13(1), 7.
Puni, A. & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management.
Sama, L. M., Stefanidis, A., & Casselman, R. M. (2022). Rethinking corporate governance in the digital economy: The role of stewardship. Business Horizons.
Santos, R. C., & Martinho, J. L. (2020). An Industry 4.0 maturity model proposal. Journal of Manufacturing Technology Management, 31(5), 1023-1043.
Saygili, A. T., Saygili, E., & Taran, A. (2021). The effects of corporate governance practices on firm-level financial performance: evidence from Borsa Istanbul Xkury companies. yasar.edu.tr
Sjöstrand, V. & Svensson Kanstedt, A. (2022). CEO duality's effect on firm performance: A comparison between the agency-and stewardship theory. diva-portal.org
Sun, H., Cappa, F., Zhu, J., & Peruffo, E. (2023). The effect of CEO social capital, CEO duality and state-ownership on corporate innovation. International Review of Financial Analysis, 87, 102605.
Uyar, A., Wasiuzzaman, S., Kuzey, C., & Karaman, A. S. (2022). Board structure and financial stability of financial firms: do board policies and CEO duality matter?. Journal of International Accounting, Auditing and Taxation, 47, 100474.
Wijethilake, C. & Ekanayake, A. (2020). CEO duality and firm performance: the moderating roles of CEO informal power and board involvements. Social Responsibility Journal. essex.ac.uk
Xie, B., Davidson, W. N. III, & Dadalt, P. J. (2003). Earnings Management and Corporate Governance: The Roles of the Board and the Audit Committee. Journal of Corporate Finance, 9(3), 295–316.
