أثر خصائص حوكمة الشركات على هيكل رأس المال في الشركات المساهمة غير المالية المدرجة بسوق المال السعودي

Abstract EN

This study aims to examine the impact of corporate governance attributes on the capital structure in the Saudi financial non-listed firms.

This study is an extension and update of previous Arab studies in this field.

However, it is the first of its kind in the Kingdom of Saudi Arabia.

The aim of this study is to examine the impact of corporate governance attributes on capital structure decisions in Saudi financial non-listed firms.

These variables include board size, board independence, audit committee size, audit committee independence and board chairman independence.

Firm size, firm age, firm profitability and industry type are used as control variables.

The sample of the current study is 129 Saudi non-financial listed companies in 2016.

The results show that there is no significant effect of corporate governance variables on capital structure.

However, findings report that firm size and profitability have significant impact on capital structure.