Download or read book Impact of Board Structure on Corporate Financial Performance in Lebanon written by Antoine Jallad and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research analyze the impact of board structure or board characteristics on the corporate financial performance in Lebanon. The sample analyzed is the listed firms in BSE and the Lebanese Commercial Bank listed in BDL. This population represents a sample of large Lebanese companies. By using the multiple regression equation we established a relationship between corporation financial performance and board characteristic considered as independent variables. Also the influence of families in increasing the presence of family members at the board and reducing the number of independent directors. Family ownerships influence negatively on the return of assets and contribute positively in the growth in the compound annual growth rate of asset. Board structure characteristics, big board size has a negative influence on ROA along with the existence of family members at the board and CEO duality, when the non executive directors do not have any influence on the financial performance. As a conclusion, Lebanese firms are heavily influenced by families that prefer long term strategies on short term benefits.
Download or read book Corporate Governance and Board Effectiveness in Holy Spirit University of Kaslik Lebanon written by Myriam Chidiac and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The board of directors can achieve success through maintaining good corporate governance in the company. In this case we examine the effect of two corporate governance mechanisms on the financial performance: Board ownership and board size. The developed hypotheses are tested through analyzing the performance on an 11 years sample of the Holy Spirit University of Kaslik Lebanon. The principle results consist that large boards are more beneficial for the university financial performance and board ownership has no positive influence on the university financial performance. This study concludes that through years, the board size became bigger and board ownership smaller, and the impact on the university performance was beneficial: The profit, the investment projects, the scholarships and financial aid cases, the partnerships and the number of employees and students have raised.
Download or read book Effects of Family Sources of Power on Firms Performance in Lebanon written by Elie Hajj and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research analyzes the effect of family sources of power on the corporate financial performance of Lebanese firms. Our sample was mainly involving small to medium unlisted Lebanese firms from across different sectors. We have used the multiple regression equation in order to create a relationship between family sources of power and Lebanese firm's financial performance. We have also analyzed how the family financial performance is negatively affected by a higher family ownership but on the other hand it improves the firm's growth rate and the same thing applies when considering family influence performed by the board of directors and financial performance. Furthermore, we found that with later generation ruling, the higher is the financial performance; however, this financial performance improvement comes along with a slow assets growth. With higher number of family members' shareholders, we will find an improvement in the firm financial performance and a downturn when talking about assets ' growth. To conclude, we can say that the majority of Lebanese family firms are dramatically influenced by family sources of power.
Download or read book The Impact of Corporate Governance and Political Connectedness on the Financial Performance of Lebanese Banks During the Financial Crisis of 2019 2021 written by Hani El-Chaarani and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Lebanese banking sector has become risky due to political and economic crises. At such times, corporate governance meJournal of Risk and Financial Managementchanisms ensure objectivity of assessment and rationality in decision making. We examine the impact of internal corporate governance mechanisms on the performance of Lebanese banks, with political involvement in the administration and ownership of the banks. We used linear regression on a sample of 194 bank-year observations from 2016 to 2021.The presence of independent members on boards of directors, and ownership concentration due tofamily ownership, had positive effects on bank return on assets, return on equity, liquidity levels, and loans issued. Efficient control, along with the presence of audit, and compliance committees reduced risk by increasing capital adequacy and reducing non-performing loans. Both administrative political connections and ownership political connections increased return on assets, increased return on equity, increased liquidity levels, and increased loans to deposits, while increasing non-performing loans. Agency conflicts suggest that granting loans due to political pressure increased non-performing loans.
Download or read book Women in the Boardroom and Their Impact on Governance and Performance written by Anthony Hraoui and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research attempts to examine the presence of women in the boardroom and their impact on governance and financial performance focusing on several factors such as governance theories, board of director size and role, gender diversity, women and men behavior in accordance with the return on equity, assets, and sales ratios to measure the fluctuation of the financial performance against the factors above. How the presence of women in the boardroom can affect the financial performance and governance? In order to answer to this question, two questionnaires for a total of 16 questions were used to the collection of data and information, it was then distributed to 62 shareholders, directors and managers from ten firms that constitute a small image of the Lebanese economic sector. An analysis using a specified rating scale was conducted over the results of the questionnaires. Variables such as Return on Equity, Return on Asset, Return on Sale, gender diversity, women versus men behavior and board size were subject to examination. The results acquired by this study expose the fact that gender diversity on board and the presence of women are directly related to the company's financial performance. Furthermore the board size, the role and behavior of women in the firm enhance company's activity. Applying corporate governance procedures is more reliable when women are on board which reflects the commitment of women on delivering good corporate governance. On the other hand the financial performance has directly been affected due to several factors related to the presence of women in managerial positions.
Download or read book Responsible Corporate Governance written by Maria Aluchna and published by Springer. This book was released on 2017-05-10 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the tasks and functions of corporate governance in the light of current challenges and the dynamics that arise from a broader approach to company management and the integration of corporate governance with corporate social responsibility (CSR) and sustainability. Addressing the corporate governance shortcomings that are believed to have contributed to the recent financial crisis, it explores the interplay between corporate governance and CSR, and includes examples of company practice to show how such changes affect the practices of shareholders, boards of directors and regulators. In particular, the book examines shareholders’ activities, their different investment strategies, specific reporting expectations and the submission of proposals to the annual meeting. Further, for boards of directors it explores the need to revise their tasks with respect to the criteria for executive appointments, their corporate strategy, performance measures and diversity recommendations, while for directors it provides recommendations to reconsider the structure of executive pay and performance incentives. Lastly, for regulators the book investigates the need to introduce new laws addressing, for instance, the need for integrated reporting, limiting the voice of short term oriented shareholders and providing guidelines for executive compensation.
Download or read book Corporate Governance and Organisational Performance written by Naeem Tabassum and published by Springer Nature. This book was released on 2020-06-28 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Establishing a corporate governance strategy that promotes the efficient use of organisational resources is instrumental in the economic growth of a country, as well as the successful management of firms. This book reviews existing literature and identifies board structural features as key variables of an effective corporate governance system, establishing a multi-theoretical model that links Board structural characteristics with firm performance. It then, using a comprehensive empirical study of 265 companies listed on the Karachi Stock exchange, tests this conceptual model. This research serves as a significant milestone, reflecting the socio-economic setting of emerging economies, and highlighting the need for the corporate sector in emerging markets to move away from a 'tick-box' culture. It argues that the sector needs to implement corporate governance as a tool to mitigate business risks; appoint and empower non-executive directors to achieve an effective monitoring of management; and establish their own ethical and governance principles, applicable to the Board of Directors. Based on an extensive data base, collected painstakingly over five years, this book offers new insights and conceptual framework for further research in this area. Given the breadth and width of the research, it is a useful source of future reference for students, researchers and policy makers.
Download or read book Corporate Governance in Lebanese Banking Sector written by Damia Abchi and published by . This book was released on 2012 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Board Structure on the Financial Performance of Listed South African Companies written by Erik Meyer and published by . This book was released on 2014 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study focuses on the role of the corporate board of directors and the relationship between the dynamics of board structure and the financial performance of listed South African companies. The research results found that the proportion of independent non-executive directors had a significant positive effect on firm performance as measured by earnings per share and enterprise value, but had no significant effect on Tobin's Q ratio. Board ownership had a significant negative correlation with firm performance as measured by earnings per share, enterprise value and Tobin's Q ratio. The number of directors serving on the corporate board had a significant positive impact on firm performance as measured by earnings per share, enterprise value and Tobin's Q ratio. The study suggests that greater independent non-executive director representation, lower board share-ownership and larger board sizes should be encouraged to enhance firm performance.
Download or read book An Examination of the Impact of Board of Director Composition on Corporate Financial Performance written by Wendi A. Lock and published by . This book was released on 2000 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance in Banking written by Justine Chinoperekweyi, Ph.D. and published by Notion Press. This book was released on 2009 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis is the product of my PhD studies at the Department of International Economics and Management at Copenhagen Business School and consists of four essays - one literature review and three empirical studies - on different aspects of the corporate governance of banks. The four essays are self-contained and can be read independently.
Download or read book Corporate Governance and Its Effects on the Lebanese Financial Sector written by Hanadi Abbass Saad and published by . This book was released on 2004 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of corporate governance has grown in recent years into a dynamic area of study due to the increased role of corporations and their impact on the economies in which they are operating. The interest in this subject was earlier limited to developed nations; however, with the globalization trend developing and emerging markets are now incorporating governance restructuring in their reform programs. Different theories related to corporate governance have emerged and many definitions have been adopted depending on the researcher?s interest in the subj ect. The governance models widely range between the U. S- U. K model and that of Japan an d Germany. Among the emerging economies, Lebanon is one of the regional countries increasingly focusing on the issue of corporate governance in the private as wel l as the public sector. The pattern of family- owned businesses prevailing widely in the corporate sector (including the banking industry) is among the issues to be addr essed in the governance campaign. The empirical results of the study confirmed the earlier statement of the highly concentrated ownership structure pertaining to the Lebanese banking sector. In t erms of performance, the outcomes indicated a better performance for dispersed and least concentrated banks but no correlation was found between performance and the exte nt of concentration.
Download or read book The Effect of Corporate Governance on Firm Performance written by Michael Moustafa Mahmoud and published by . This book was released on 2017 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This study investigates the impact of the separate elements of corporate governance on enterprise financial performance explained in three separate models (ROA, ROE, and Debt Ratio) for non-financial companies present within the S&P Pan Arab Composite Index. The data on corporate governance choices includes 225 firms for ten years from 2006 to 2015 gathered from ORBIS, Reuters Eikon, Datastream, as well as, annual and board reports. The firms included in this study are all listed respective to their country's stock exchange, which are present in eleven Arab countries namely: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and United Arab Emirates. The corporate governance variables are divided into board structure variables, ownership structure variables, and controlled variables. Furthermore, the topic attempts to understand the significance of the Arab Spring uprising on firm performance using the ROA and ROE measurements and debt ratio as a measurement of firm leverage. Furthermore, the data is used to compare the corporate governance variables five years before the Arab Spring uprising to the five years during/after the uprising. Regression results are demonstrated in the form of models. Model 1 shows the effect of corporate governance on firm performance measured by ROA. Results show that there is a significant positive relationship with board size, institutional ownership, audit type on firm performance measured by ROA, also there a significant negative relationship with duality, foreign ownership, firm size and the revolution variable on firm performance measured by ROA. Model 2 shows the effect of corporate governance on firm performance measured by ROE. Results show that there is a significant positive relationship with board size, institutional ownership, audit type on firm performance measured by ROE, also there a significant negative relationship with duality, firm size and the revolution variable on firm performance measured by ROE. Model 3 shows the effect of corporate governance on firm performance measured by Debt Ratio. Results show that there is a significant positive relationship with director ownership, foreign ownership, firm size, foreign exchange rate and the revolution variable on firm performance measured by Debt Ratio, also there a significant negative relationship with duality, institutional ownership and firm age on firm performance measured by ROE. After conducing Mann-Whitney U test, results show that the variables ROA, ROE, ownership concentration, director ownership, institutional ownership, foreign ownership, firm size, firm age, foreign exchange rate, outward foreign direct investment and inward foreign direct investment were a higher mean rank before the Arab Spring uprising compared to during/after the Arab Spring uprising. On the other hand, the variables ownership concentration, director ownership, institutional ownership, foreign ownership, firm size, firm age and GDP were a higher mean rank during/after the Arab Spring uprising compared to before the Arab Spring uprising.
Download or read book The Case of France Board Structure Board Characteristics and Monitoring Effectiveness written by David Port and published by GRIN Verlag. This book was released on 2021-09-23 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Business economics - Business Management, Corporate Governance, grade: 1.0, Maastricht University (School of Business and Economics), language: English, abstract: This study examines whether a board’s structure and composition are indicative of its monitoring effectiveness in terms of mitigating opportunistic management behavior. French companies may legally choose to operate with a board of directors (One-tier board) or a separate management board and supervisory board (Two-tier board). While the French Corporate Governance Code sets out uniform guidelines on board composition and activity regardless of a given board structure, respective directors face different challenges in establishing adequate management oversight. Hence, externally prescribed board composition may have varying or unintended consequences. Further, both board structures have been attributed with different conceptual advantages that may influence their practical monitoring performance. Using the occurrence of earnings management as an indicator for poor management supervision, empirical results show that companies with two-tier boards are superior monitors. More generally for France, I also find that independent boards are associated with less earnings management whereas busy boards are associated with more earnings management. I do not find a measurable impact of director financial expertise. Finally, mixed results are presented on the existence of a moderating effect of board structure on the relationship between board composition and earnings management.
Download or read book The Nature of Corporate Board Structure and Its Impact on the Performance of USA Listed Firms written by Shweta Mehrotra and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study seeks to examine board structure and its relationship and impact on the listed companies' performance in USA. A cross-sectional and correlational research design with a sample of 100 listed companies in USA was used. Correlation analysis was carried out to establish the relationship between the variables. Multiple regression analyses were used to determine the extent to which variations in performance of companies are explained by the board structures. The findings portrayed that high frequency of meetings adversely affects the company performance, whereas combined board leadership structure positively contributes to company performance which is contrary to the agency theory expectations. Other than that, it can be concluded that financial performance is independent of board size and composition. It is highly recommended that future research should be focused on nonfinancial aspects of performance in order to get a holistic performance view rather than restricting to accounting-based performance, which is based on accounting principles and assumptions since this provides evidence for future success through overall stakeholder satisfaction. Furthermore, an intense understanding of corporate governance structures and their relations with company performance has the potential to assist practitioners, both policy makers and researchers, to improve governance.
Download or read book Lebanon written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-01-25 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses findings of the assessment of Lebanon’s financial system. Lebanon has maintained financial stability for the last quarter century during repeated shocks and challenges. Over time, macroeconomic and financial vulnerabilities have accumulated. Although central bank policies have helped to maintain confidence, fiscal adjustment is needed to reduce risks to financial stability. The banking system has thus far proven resilient to domestic shocks and regional turmoil, but the materialization of severe shocks could expose vulnerabilities. Significant progress has been made to further strengthen Lebanon’s financial integrity framework, with some scope for improvement remaining.
Download or read book Effects of Internal Control Stucture on Financial Performance in Lebanese Industry Sector written by Zeina Farah and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
