Corporate Governance and MENA Banks Performance
We analyze the effect of corporate governance on banks’ performance in the MENA countries using an index comprised of seven widely used governance measures, as a measure of firm-level corporate governance. In addition, we have also considered country governance as an important determinant of perform...
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| Format: | Article |
| Language: | English |
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Universidad de Huelva
2021-08-01
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| Series: | Revista de Economía Mundial |
| Subjects: | |
| Online Access: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/4693 |
| _version_ | 1827321914076430336 |
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| author | Luis Otero González Pablo Durán-Santomil Rafat Alaraj |
| author_facet | Luis Otero González Pablo Durán-Santomil Rafat Alaraj |
| author_sort | Luis Otero González |
| collection | DOAJ |
| description | We analyze the effect of corporate governance on banks’ performance in the MENA countries using an index comprised of seven widely used governance measures, as a measure of firm-level corporate governance. In addition, we have also considered country governance as an important determinant of performance. The data at the firm level has been obtained from the Bankscope Database and we also hand-collect the corporate governance data from the annual reports over the period 2005-2012, covering the period of the financial crisis. At the country level we obtain the data from different sources. Our paper shows that corporate governance is relevant explaining performance in a way consistent with the segmentation of the corporate governance at both country level and bank level. It highlights the need for internal governance mechanisms but also the importance of country governance in emerging markets. The best governance at the country level has a positive effect under favorable conditions but not in crisis situations.
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| first_indexed | 2024-04-25T01:15:16Z |
| format | Article |
| id | doaj.art-de6ef94417f34db9aacdf062a1d86aef |
| institution | Directory Open Access Journal |
| issn | 1576-0162 2340-4264 |
| language | English |
| last_indexed | 2024-04-25T01:15:16Z |
| publishDate | 2021-08-01 |
| publisher | Universidad de Huelva |
| record_format | Article |
| series | Revista de Economía Mundial |
| spelling | doaj.art-de6ef94417f34db9aacdf062a1d86aef2024-03-09T11:49:08ZengUniversidad de HuelvaRevista de Economía Mundial1576-01622340-42642021-08-015810.33776/rem.v0i58.4693Corporate Governance and MENA Banks PerformanceLuis Otero González0Pablo Durán-Santomil1Rafat Alaraj2Uninversidade de Santiago de CompostelaUniversidade de Santiago de CompostelaMonetary Authority PalestineWe analyze the effect of corporate governance on banks’ performance in the MENA countries using an index comprised of seven widely used governance measures, as a measure of firm-level corporate governance. In addition, we have also considered country governance as an important determinant of performance. The data at the firm level has been obtained from the Bankscope Database and we also hand-collect the corporate governance data from the annual reports over the period 2005-2012, covering the period of the financial crisis. At the country level we obtain the data from different sources. Our paper shows that corporate governance is relevant explaining performance in a way consistent with the segmentation of the corporate governance at both country level and bank level. It highlights the need for internal governance mechanisms but also the importance of country governance in emerging markets. The best governance at the country level has a positive effect under favorable conditions but not in crisis situations. https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/4693Bankscorporate governanceperformanceMENA countriesfinancial crisis. |
| spellingShingle | Luis Otero González Pablo Durán-Santomil Rafat Alaraj Corporate Governance and MENA Banks Performance Revista de Economía Mundial Banks corporate governance performance MENA countries financial crisis. |
| title | Corporate Governance and MENA Banks Performance |
| title_full | Corporate Governance and MENA Banks Performance |
| title_fullStr | Corporate Governance and MENA Banks Performance |
| title_full_unstemmed | Corporate Governance and MENA Banks Performance |
| title_short | Corporate Governance and MENA Banks Performance |
| title_sort | corporate governance and mena banks performance |
| topic | Banks corporate governance performance MENA countries financial crisis. |
| url | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/4693 |
| work_keys_str_mv | AT luisoterogonzalez corporategovernanceandmenabanksperformance AT pabloduransantomil corporategovernanceandmenabanksperformance AT rafatalaraj corporategovernanceandmenabanksperformance |