Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms
This paper investigates the joint effect of political connections, in the form of the royal family member on board, and corporate governance on the market risk disclosures of the Gulf Cooperation Council (GCC) financial firms from 2007 to 2011. Previous research suggest that politically connected fi...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Routledge
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/61174 |
| _version_ | 1848760665059098624 |
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| author | Al-Hadi, Al-Hadi Ahmed Al-Yahyaee, K. Hussain, S. Taylor, Grantley |
| author_facet | Al-Hadi, Al-Hadi Ahmed Al-Yahyaee, K. Hussain, S. Taylor, Grantley |
| author_sort | Al-Hadi, Al-Hadi Ahmed |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper investigates the joint effect of political connections, in the form of the royal family member on board, and corporate governance on the market risk disclosures of the Gulf Cooperation Council (GCC) financial firms from 2007 to 2011. Previous research suggest that politically connected firms reduce the level of transparency in the GCC. However, we find that better corporate governance improves transparency and can be used as an effective tool in curbing the potentially adverse impact of politically connected board members on firms’ transparency. Our results have important implications for policy makers and can be generalized to other emerging markets. |
| first_indexed | 2025-11-14T10:19:23Z |
| format | Journal Article |
| id | curtin-20.500.11937-61174 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:19:23Z |
| publishDate | 2017 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-611742018-08-13T23:46:13Z Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms Al-Hadi, Al-Hadi Ahmed Al-Yahyaee, K. Hussain, S. Taylor, Grantley This paper investigates the joint effect of political connections, in the form of the royal family member on board, and corporate governance on the market risk disclosures of the Gulf Cooperation Council (GCC) financial firms from 2007 to 2011. Previous research suggest that politically connected firms reduce the level of transparency in the GCC. However, we find that better corporate governance improves transparency and can be used as an effective tool in curbing the potentially adverse impact of politically connected board members on firms’ transparency. Our results have important implications for policy makers and can be generalized to other emerging markets. 2017 Journal Article http://hdl.handle.net/20.500.11937/61174 10.1080/13504851.2017.1420877 Routledge restricted |
| spellingShingle | Al-Hadi, Al-Hadi Ahmed Al-Yahyaee, K. Hussain, S. Taylor, Grantley Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms |
| title | Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms |
| title_full | Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms |
| title_fullStr | Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms |
| title_full_unstemmed | Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms |
| title_short | Market risk disclosures, corporate governance structure and political connections: evidence from GCC firms |
| title_sort | market risk disclosures, corporate governance structure and political connections: evidence from gcc firms |
| url | http://hdl.handle.net/20.500.11937/61174 |