أثر تطبيق مبادئ الحوكمة على أداء المصارف التجارية الليبية في ظل الأزمات المالية

الملخص EN

The purpose of this study is to investigate the impact of Corporate Governance (CG) practices on the Performance of Libyan banks during crises.

The study population consists of board of directors and higher executive management of banks based on East Libya.

For the purpose of collecting data, 50 questionnaires had been distributed, while 42 of them were collected back.

The study employs multiple regression analysis and stepwise regression analysis to address the role of each corporate governance aspect in determining banks' performance during crises.

The findings of the study reveal that overall corporate governance has a positive impact on the performance of Libyan banks during crises.

Furthermore, only two principles are responsible for this positive relation: the adoption of high ethical standards and the rights of shareholders, while the other principles are not significantly related to bank performance.

Based on the findings, the study recommends: further procedures to insure the application of CG principles, activating the role of the Libyan Stock Exchange, and introducing educational programs to increase the awareness of CG.