The corporate governance and its application`s compliance level implication on the financial performance of listed firms in the Amman Stock Exchange

Irshoud, Jafar Jamal (2022) The corporate governance and its application`s compliance level implication on the financial performance of listed firms in the Amman Stock Exchange. Doctoral thesis, University of Wales Trinity Saint David.

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Abstract

The financial performance of firms is a widespread topic worldwide, and continued interest is given to the elements that affect a firm's financial performance. Financial performance is recognized to be impacted by several features; liquidity management and corporate governance are a part of these factors. Consequently, this thesis examines the impact of corporate governance and liquidity management on the financial performance of the listed financial firms in the Jordanian stock market, specifically, the Amman Stock Exchange (ASE) between 2010 and 2019. In terms of corporate governance, research findings show board activity and board size have no significant influence on firm financial performance (ROA and ROE), but it is positive. In contrast, CEO duality shows a significant adverse effect on both measures. Board composition, and the board's sub-committees independence, including audit and remuneration committees, positively and significantly affect. This thesis contribution can be outlined according to four main elements. Firstly, the topic itself, which considers financial performance with corporate governance, the topic reflects a considerable lack of current studies in the ASE; this thesis extends the current knowledge of the long corporate governance`s debate. Secondly, it connects the investigation with the agency theory. Thirdly, it is an update of the current knowledge about the ASE in terms of time frame. Fourthly, this thesis outcome would be beneficial for economic growth through several parties including, ASE's decision and policymakers, international investors, local investors, managers, consultants, decision-makers, listed firms, unlisted firms, and practical and academic researchers. This thesis formulated its theoretical and conceptual frameworks to a ground for the analyses; it considers six corporate governance mechanisms, and practical framework is suggested.

Item Type: Thesis (Doctoral)
Uncontrolled Keywords: financial performance, corporate governance, Jordan, Amman Stock Exchange, financial firms, corporate governance mechanisms, emerging markets.
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Theses and Dissertations > Doctoral Theses
Depositing User: Lesley Cresswell
Date Deposited: 01 Nov 2022 14:44
Last Modified: 09 Dec 2022 10:51
URI: https://repository.uwtsd.ac.uk/id/eprint/2133

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