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Corporate Governance Disclosure and Ownership Concentration in Non-Financial Listed Firms in Kuwait Stock Exchange (KSE)

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  • Mejbel Al-Saidi

Abstract

This paper demonstrates the effect of ownership concentration among large shareholders on corporate governance disclosure (CGD) in Kuwait. Secondary data were collected from 82 non-financial firms listed on the Kuwait Stock Exchange in 2018. The study used an ordinary least square regression. The 35-item CGD index served as the dependent variable while the independent variables comprised four variables of ownership and four control variables. Ownership concentration by institutions and government negatively affected the CGD index; ownership concentration by blockholders or families (individuals) had no significant impact on the CGD index.

Suggested Citation

  • Mejbel Al-Saidi, 2021. "Corporate Governance Disclosure and Ownership Concentration in Non-Financial Listed Firms in Kuwait Stock Exchange (KSE)," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(1), pages 1-1, January.
    • Handle: RePEc:ibn:ijefaa:v:13:y:2021:i:1:p:1
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    References listed on IDEAS

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    1. Agrawal, Anup & Mandelker, Gershon N., 1990. "Large Shareholders and the Monitoring of Managers: The Case of Antitakeover Charter Amendments," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 25(2), pages 143-161, June.
    2. Ahmad Hamed Awwad Almanasir & B. Shivaraj, 2017. "Voluntary Corporate Governance Disclosure Innovative Evidence: The Case of Jordan," Journal of Reviews on Global Economics, Lifescience Global, vol. 6, pages 443-454.
    3. Emilio Barucci & Jury Falini, 2005. "Determinants of Corporate Governance in the Italian Financial Market," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 34(3), pages 371-405, November.
    4. Apostolos K. Apostolou & Konstantinos A. Nanopoulos, 2009. "Voluntary accounting disclosure and corporate governance: evidence from Greek listed firms," International Journal of Accounting and Finance, Inderscience Enterprises Ltd, vol. 1(4), pages 395-414.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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