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Institutional ownership and corporate governance: evidence from Bahrain

Author

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  • Abdalmuttaleb M.A. Musleh Al-Sartawi
  • Zakeya Sanad

Abstract

This study aims to investigate the relationship between institutional ownership and the level of corporate governance in the Kingdom of Bahrain. A multi-regression analysis model was used to investigate the relationship between corporate governance and institutional ownership. Additionally, certain firm characteristics were controlled to study the influence of institutional investment on governance. The results indicated that there is a significant negative relationship between institutional ownership and the level of corporate governance. The researchers assumed that governance of firms may take a number of forms that would decrease the need for improving other corporate governance mechanisms as a result. This study offers recommendations to various stakeholders, whereby companies should hire external auditors that are from the Big4, because they would encourage and contribute to increasing the level of corporate governance. Furthermore, workshops and training courses should be conducted in order to increase the awareness of the corporate governance code in Bahrain.

Suggested Citation

  • Abdalmuttaleb M.A. Musleh Al-Sartawi & Zakeya Sanad, 2019. "Institutional ownership and corporate governance: evidence from Bahrain," Afro-Asian Journal of Finance and Accounting, Inderscience Enterprises Ltd, vol. 9(1), pages 101-115.
    • Handle: RePEc:ids:afasfa:v:9:y:2019:i:1:p:101-115
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    Citations

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    Cited by:

    1. Eissa A. Al-Homaidi & Mosab I. Tabash & Anwar Ahmad & David McMillan, 2020. "The profitability of islamic banks and voluntary disclosure: empirical insights from Yemen," Cogent Economics & Finance, Taylor & Francis Journals, vol. 8(1), pages 1778406-177, January.
    2. Babarindé René ADEROMOU, 2020. "Influence dynamique de la séparation des fonctions de Président du Conseil d'Administration et de Dirigeant sur la performance des entreprises," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 11(1), pages 70-85, June.
    3. Hidaya Al Lawati & Zakeya Sanad, 2023. "Ownership Concentration and Audit Actions," Administrative Sciences, MDPI, vol. 13(9), pages 1-24, September.
    4. Mosab I. Tabash & Adel Ahmed & Linda Nalini Daniel & Yasmeen Elsantil, 2023. "Impact of Board Ownership Structure on Firm Value and Excessive Cash Holdings: Evidence from Pakistan," Advances in Decision Sciences, Asia University, Taiwan, vol. 27(3), pages 109-134, September.
    5. Abdul Waheed & Qaisar Ali Malik, 2021. "Institutional Ownership Board Characteristics and Firm Performance: A Contingent Theoretical Approach," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 12(2), pages 1-15, April.
    6. Babarindé René ADEROMOU, 2020. "L' Influence dynamique de la séparation des fonctions de Président du Conseil d'Administration et de Dirigeant sur la performance des entreprises," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 11(1), pages 70-85, June.

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