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Islamic financial institutions, corporate governance, and corporate risk disclosure in Gulf Cooperation Council countries

Author

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  • Abdallah, Abed Al-Nasser
  • Hassan, Mostafa Kamal
  • McClelland, Patrick L.

Abstract

Using content analysis we evaluate the determinants of corporate risk disclosure in a sample of 424 publicly traded firms in the Gulf Cooperation Council countries. We hypothesize that corporate risk disclosure will be lower in Islamic financial institutions when compared to conventional financial institutions and higher in firms that have high quality corporate governance contexts. We also argue that corporate risk disclosure will vary across the Gulf Cooperation Council countries despite sociocultural and regulatory similarities. Results are generally supportive of our hypotheses. Implications for theory and practice are discussed.

Suggested Citation

  • Abdallah, Abed Al-Nasser & Hassan, Mostafa Kamal & McClelland, Patrick L., 2015. "Islamic financial institutions, corporate governance, and corporate risk disclosure in Gulf Cooperation Council countries," Journal of Multinational Financial Management, Elsevier, vol. 31(C), pages 63-82.
  • Handle: RePEc:eee:mulfin:v:31:y:2015:i:c:p:63-82
    DOI: 10.1016/j.mulfin.2015.02.003
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:advacc:v:35:y:2016:i:c:p:82-97 is not listed on IDEAS
    2. repec:eco:journ1:2017-02-44 is not listed on IDEAS
    3. Naz, Iram & Shah, Syed Muhammad Amir & Kutan, Ali M., 2017. "Do managers of sharia-compliant firms have distinctive financial styles?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 46(C), pages 174-187.
    4. Oubdi, Lahsen & Raghibi, Abdessamad, 2017. "An Overview on the Practice and Issues of Hedging in Islamic Finance," MPRA Paper 82646, University Library of Munich, Germany.

    More about this item

    Keywords

    Corporate risk disclosure; Islamic/non-Islamic financial institutions; Corporate governance; Disclosure; Corporate communication;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G3 - Financial Economics - - Corporate Finance and Governance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting
    • F3 - International Economics - - International Finance

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