Effect of property rights on the relationship between legal origins and corporate governance mechanisms : evidence from the Mena Region

مقدم أطروحة جامعية

Abd al-Bari, Rua

مشرف أطروحة جامعية

Faruq, Umar

الجامعة

جامعة الأخوين

الكلية

كلية إدارة الأعمال

دولة الجامعة

المغرب

الدرجة العلمية

ماجستير

تاريخ الدرجة العلمية

2011

الملخص الإنجليزي

Do legal origins really matter in term of corporate governance? How do property rights affect the relationship between legal origins and corporate governance? Using a large dataset from the MENA region during the period between 2005 and 2009, we document that differences in legal traditions translate into differences in corporate governance mechanisms.

Our results show that common law countries have better governance mechanisms relative to civil law countries.

We report lower dividend payouts, lower ownership concentration, lower complexity of financial statements (higher transparency), and better choice of auditors for firms in common law countries in the MENA region.

Interestingly, our results show that above relationships hold only in the weak property rights regimes.

As the property rights become strong, the difference between the corporate governance mechanisms in common and civil law countries evaporate.

Our results suggest the power that enforcement mechanisms have in explaining the relationship between legal origins and corporate governance mechanisms.

التخصصات الرئيسية

القانون

الموضوعات

• الحق في الملكية
• الشرق الأوسط
• حوكمة الشركات

عدد الصفحات

32

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-624650