IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9781800614734_0006.html
   My bibliography  Save this book chapter

Financial Development and Corporate Governance Efficiency: An Overview of MENA

In: Handbook of Banking and Finance in the MENA Region

Author

Listed:
  • Ahmed Mohamed Habib

Abstract

This section discusses financial development and corporate governance efficiency in the Middle East and North Africa (MENA) region. Macroeconomic soundness is essential for developing financial sector services, and corporate governance is a substantial factor in determining firm performance. Insufficient corporate governance can harm shareholders’ interests and lead to undesirable results such as business insolvency. In addition, firms face many business risks and challenges related to regulation, competition, market and customer trends, technology shifts, supply chains, cost management, financing, performance monitoring, business rescue from insolvency, and total value optimization. Therefore, we discuss the nature and level of financial development and corporate governance in the MENA region, the problems faced by institutions in the MENA region that hinder financial development, the adoption of best practices in terms of corporate governance, and the role of efficient corporate governance as a key to overcoming some of these challenges and achieving continuous improvement using the data envelopment analysis (DEA) approach.

Suggested Citation

  • Ahmed Mohamed Habib, 2024. "Financial Development and Corporate Governance Efficiency: An Overview of MENA," World Scientific Book Chapters, in: Khaled Hussainey & Tamanna Dalwai (ed.), Handbook of Banking and Finance in the MENA Region, chapter 6, pages 147-169, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781800614734_0006
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9781800614734_0006
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9781800614734_0006
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    MENA; Banking Sector; Business Risk; Corporate Governance; COVID-19; Cryptocurrency; Fintech; Financial Stability; Green Finance;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9781800614734_0006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.