Portsmouth Business School
Dr Mejbel Al Saidi
Corporate governance, ownership structure and corporate performance: The case of Kuwait Stock Exchange
Department: Accounting and Finance
Email: mejbelalsaidi@hotmail.com
Nationality: Kuwait
Director of Studies: Professor Mike Page
Year of graduation: N/A
Thesis summary
Corporate governance mechanisms have been receiving a lot of attention because of the high number of firms that have collapsed, such as Enron and WorldCom. These crises have led to more attention being paid to several mechanisms, including boards of directors, ownership structure and financial policies and what roles they may play to protect the shareholders and economy in general from potential problems. The theoretical discussion about corporate governance mechanisms is based on the assumption that these mechanisms impact firm performance. However, in both developed and developing countires, there are no conclusive empirical studies about this relationship.
Focusing on firms listed on the Kuwait Stock Exchange (KSE) for the period from 2004 to 2008, this study will examine the relationship between corporate governance mechanisms and firm performance. In particular, this study empirically examines the relationship between firm performance and several methods of corporate governance, namely, the board of directors, the ownership structure and the role of financial policies.