Nexus between Governance and Economic Growth: Learning from Saudi Arabia

Al‐Faryan, Mamdouh Abdulaziz Saleh; Shil, Nikhil Chandra

doi:10.1080/23311975.2022.2130157

Cited by 3 publications

(1 citation statement)

References 82 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…It used the case of Saudi Arabia because it is committed to economic diversification. The country released the strategic Saudi Vision 2030 in 2016 to diversify its economy from relying on oil (Al-Faryan and Shil, 2022; Bamahros et al , 2022). It has also recently opened its markets to international investors to diversify its economy and wean itself off reliance on oil (Al-Faryan and Alokla, 2023).…”

Section: Introductionmentioning

confidence: 99%

Revisiting the relationship between corporate governance mechanisms and ESG disclosures in Saudi Arabia

Umar,

Firmansyah,

Danlami

et al. 2023

JAOC

Self Cite

View full text Add to dashboard Cite

Purpose This paper aims to examine the effects of corporate governance mechanisms (board chairman independence, board independent director meeting attendance, audit committee size and audit committee meetings) on the environmental, social and governance (ESG) and its individual component disclosures of listed firms in Saudi Arabia. Design/methodology/approach The study used unbalanced panel data obtained from the Bloomberg data set over 11 years, from 2010 to 2020. Findings The findings indicate that board chairman independence (BCI) and audit committee size (AC size) have a significant negative and positive association with ESG disclosure, respectively. However, the results show that board independent director meeting attendance (BIMA) and audit committee meetings (AC meetings) do not significantly influence ESG disclosure. Regarding the individual dimensions (components), the results show that only BIMA has a significant negative association with environmental disclosure. Besides, only BCI and AC meetings have a significant positive association with social disclosure. Also, only BIMA and AC size have a significant positive and negative relationship with governance disclosure, respectively. Research limitations/implications The study used a sample of 29 listed companies in Saudi Arabia. Each firm has at least four years of ESG disclosures. Besides, the paper considered only four corporate governance attributes, comprising two each for the board and audit committee. Practical implications The results provide insights to regulators, boards of directors, managers and investors to enhance ESG and its components’ reporting toward the sustainable operations and better performance of Saudi firms. Originality/value This study is among the few that provide empirical evidence on how some essential corporate governance attributes that have not been given adequate attention by prior studies (board chairman independence, board independent directors’ meeting attendance, audit committee size and audit committee meetings) influence not only ESG reporting as a whole but also its individual dimensions (components).

show abstract

Section: Introductionmentioning

confidence: 99%

Revisiting the relationship between corporate governance mechanisms and ESG disclosures in Saudi Arabia

Umar,

Firmansyah,

Danlami

et al. 2023

JAOC

Self Cite

View full text Add to dashboard Cite

show abstract

The Role of Control of Corruption and Quality of Governance in ASEAN: Evidence from DOLS and FMOLS Test

Lustrilanang¹,

Suwarno²,

Darusalam

et al. 2022

Cogent Business & Management

View full text Add to dashboard Cite

Governance as an Interplay between Corruption and Polity: Conceptualizing from a National Perspective

Al‐Faryan

Shil

2023

Economies

View full text Add to dashboard Cite

This study examines the notion of governance while corruption and polity act in a negotiated approach. It adopts a theory synthesis approach to design the research paradigm and brings renewed attention to governance from a national perspective. This study argues that corruption and polity collectively define the state of governance in a particular country, which might offer some new insights to the remaining parts of the world. The principal aim of the study is to bring relevant evidence from the literature to develop a solid foundation on governance from a macro perspective. Deploying a qualitative approach, this study highlights available literature on corruption, polity, and their connections to define the state of governance. From this specific target, we have initiated this study deploying a conceptual fashion in exploring governance which is shaped by the interplay between two loosely connected themes: polity and corruption. The outcome of this synthesis is to renew our understanding on governance to strengthen the governance mechanism whereby corruption could be checked through sound polity in action. The arguments presented in the paper are expected to be useful for regulators and policymakers as they prepare governance-related rules, acts, or directives in their respective countries.

show abstract

Nexus between Governance and Economic Growth: Learning from Saudi Arabia

Cited by 3 publications

References 82 publications

Revisiting the relationship between corporate governance mechanisms and ESG disclosures in Saudi Arabia

Revisiting the relationship between corporate governance mechanisms and ESG disclosures in Saudi Arabia

The Role of Control of Corruption and Quality of Governance in ASEAN: Evidence from DOLS and FMOLS Test

Governance as an Interplay between Corruption and Polity: Conceptualizing from a National Perspective

Contact Info

Product

Resources

About