Governance practices of Islamic and non-Islamic firms : is there any difference between the two ? evidence from the Mena Region
Dissertant
Thesis advisor
University
Al Akhawayn University
Faculty
The School of Business Administration
University Country
Morocco
Degree
Master
Degree Date
2011
English Abstract
Purpose: This study aims to highlight the difference of corporate governance mechanisms between Islamic firms and non-Islamic firms of the MENA region through the period of 2005 to 2009.
Our findings confirm that Islamic firms are more likely to be better governed than non Islamic ones.
Design/methodology/approach.
We used the payout ratio, choice of auditor, and transactional complexity as proxies for corporate governance to check whether firms are encountering agency problems or not.
Findings: We show that Islamic firms have greater payout ratios and less complexity of transactions than non-Islamic firms.
Islamic Firms are not necessarily required to get audited by one of the Big-Four auditors, but non-Islamic ones are highly recommended to do so.
Originality/value: This is the first attempt to relate compliance to Islamic principles with corporate governance mechanisms and hence reflect agency problems in the MENA region.
Our results are in accordance with our hypothesis and are significant throughout the sample under discussion.
The study is significant in a sense that it gives a guide to firms located worldwide to follow Islamic principles to lower their agency problems.
Main Subjects
Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Islamic jurisprudence
- Islam
- Financial transactions
- Profits
- Accounting
- Financial policy
- Business enterprises
- Accountants
- North Africa
- Middle East
- Twenty-first century
- Corporations
- Business
- Religious aspects
- Cash flow
- Commercial companies
- Corporate governance
- Islamic Banks
- Bank liquidity
No. of Pages
37
Table of Contents
Table of contents.
Abstract.
Chapter One : Introduction.
Chapter Two : Motivation and background.
Chapter Three : Data.
Chapter Four : Methodology.
Chapter Five : Discussion of the results.
Chapter Six : Conclusion.
References.
American Psychological Association (APA)
Tabur, Um Kulthum. (2011). Governance practices of Islamic and non-Islamic firms : is there any difference between the two ? evidence from the Mena Region. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-629485
Modern Language Association (MLA)
Tabur, Um Kulthum. Governance practices of Islamic and non-Islamic firms : is there any difference between the two ? evidence from the Mena Region. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2011).
https://search.emarefa.net/detail/BIM-629485
American Medical Association (AMA)
Tabur, Um Kulthum. (2011). Governance practices of Islamic and non-Islamic firms : is there any difference between the two ? evidence from the Mena Region. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-629485
Language
English
Data Type
Arab Theses
Record ID
BIM-629485
