A Guide to the Saudi Arabian Economy

Presley, John R.

doi:10.1007/978-1-349-08827-0

Cited by 9 publications

(6 citation statements)

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“…The existence of a number of foreign-owned and controlled companies based on joint venture agreements with domestic companies and the involvement of government in businesses represent another significant feature of the Saudi private sector (Presley 1984;Aba-Alkhail 2001). Al-Rehaily (1992) asserted that foreign investors mostly use joint venture form to carry out business within Saudi Arabia.…”

Section: Corporate Governance Practice In Saudi Arabiamentioning

confidence: 99%

Corporate governance online reporting by Saudi listed companies

Hussainey¹,

Alnodel²

2008

Research in Accounting in Emerging Economies

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Purpose -This paper examines the extent to which Saudi listed companies report online information about their corporate governance practice in light of the guidance issued by the Saudi Arabian Capital Market Authority (SACMA), thereafter.Methodology -We adopted a content analysis approach, accordingly a corporate governance disclosure index is developed to analyse the content of every company's website.Findings -We found that the majority of Saudi listed companies utilise the Internet to communicate some information about corporate governance to their stakeholders. We also found that the level of online reporting of corporate governance varies between sectors. In particular, the paper revealed that the banking sector has the highest level of corporate governance disclosure compared with other sectors. On the other side, companies in the industry and service sectors provide very little information about corporate governance on their websites. The results suggest that the nature of control over the sector, the involvement of government in the ownership and management of businesses and some social assumptions could have an impact on companies' decision to disclose online information about their corporate governance in developing countries.Practical implications -The importance of investigating online reporting of corporate governance in Saudi Arabia emerges from the fact that SACMA published a guidance in 2006 that recommends the disclosure of corporate governance information by Saudi listed companies. Therefore, it would be worthwhile informing SACMA about the extent of compliance with the guidance of corporate governance. This is essential taking into consideration two facts; first, the recent remarkable grown of the Saudi stock market which was accompanied by significant increase in the demand for additional information by stakeholders, second , the recent increase of the utalisation of the Internet by companies for disclosure purposes worldwide. Further, the results of this research study could add to our limited knowledge about the practice of corporate governance in developing countries.Originality/value -This paper contributes to the limited literature on disclosure practices in developing countries in general and in Saudi Arabia in particular. Our review of the literature revealed that there is no study to date on online disclosure of corporate governance in Saudi Arabia and very limited research has been carried out in developing countries in general. This is important taking into consideration environmental factors of developing countries, which could bring different sight in the issue of the disclosure of corporate governance.

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Section: Corporate Governance Practice In Saudi Arabiamentioning

confidence: 99%

Corporate governance online reporting by Saudi listed companies

Hussainey¹,

Alnodel²

2008

Research in Accounting in Emerging Economies

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“…The major problems facing industrialisation throughout. this period were: shortage of skilled manpower associated with both management and the new industrial technologies; lack of the managerial and entrepreneurial skill required to cope with the increased scaie of operation; lack of information -businessmen were frequently unaware of what others were doing in the industry and where markets for their produce could be found; and, finally, the problem of securing world markets for industrial output (Presley, 1989).…”

Section: Industrial Developmentmentioning

confidence: 99%

The provision of information to industry: a comparative study of Saudi Arabia and the UK

Arif¹,

Meadows²

1994

Journal of Librarianship and Information Science

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Reports the results of a questionnaire study to compare the methods of access to industrial information, by companies in Saudi Arabia, with similar informa tion access in the UK. The objectives of the study were: to determine what major information sources are available to Saudi Arabian and UK industrial con cerns ; to examine the level of service and relevance of the information pro vided ; to investigate how aware indus tries are of information sources and to what extent they use them; and to look for differences in the use of informa tion as a function of the type of compa ny concerned. The survey examined the size of firms, Saudi and UK govern ment information sources, Saudi and UK non-government information sources, numbers of different informa tion sources used by firms, the industrial sector use of information and the types of business information sources. Respondents were asked how useful they found the information that they obtained and whether they experienced any problems in acquiring it The survey was supplemented by interviews with key information providers and users. Results suggest that current informa tion provision in Saudi Arabia may be sufficient in terms of number and range of providers for the existing demands of industry. However, UK experience sug gests that this provision will need to evolve as industrial activity develops.

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“…These countries were obligated to find alternative revenue resources to make up for the lost in budget. There were three main budget-balancing strategies that these countries considered to close the gap in the budget, which are withdrawing from the sovereign wealth fund, implementing revenue-increasing policies, and/or adopting expenditure-reducing policies (Shi, 2016;Presley & Westaway, 2017;Sultan & Haque, 2018). However, the question remains whether there are different patterns in budget-balancing strategies between countries; and how the different policies could have influenced the budget (Alkhateeb, Sultan, & Mahmood, 2017;Fattouh, Poudineh, & Sen, 2015).…”

Section: Introductionmentioning

confidence: 99%

Budget Policies During and After the Oil Crisis of 2014: Comparative Analysis of Saudi Arabia, UAE, and Kuwait

Alotaibi¹

2019

IBR

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This paper explored how some Gulf Cooperation Council (GCC) countries employed budget policies to manage their budget deficits in the fiscal years between 2014 and 2018. Empirically, this study attempted to summarize and critically analyze several approaches of economic strategies that countries utilized such as sovereign wealth fund, revenue-increasing policies, and expenditure-reducing policies in response to budget deficits during and after the oil crisis of 2014. Secondary data were gathered from the ministry of finance reports as well as various official documents covering three different GCC countries, which are Saudi Arabia, UAE and Kuwait. The findings of this study showed distinct patterns in a three-country approach to manage their budget deficits. Saudi Arabia and UAE implemented a comparatively more balanced approach between increasing revenues and reducing expenditure. On the other hand, Kuwait focused on reducing their budget expenditures and adopted policies that promoted across the board cuts and is relatively relying more on oil revenues to balance the budget.

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A Guide to the Saudi Arabian Economy

Cited by 9 publications

References 0 publications

Corporate governance online reporting by Saudi listed companies

Corporate governance online reporting by Saudi listed companies

The provision of information to industry: a comparative study of Saudi Arabia and the UK

Budget Policies During and After the Oil Crisis of 2014: Comparative Analysis of Saudi Arabia, UAE, and Kuwait

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