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Impact of corporate governance and financial sustainability on shareholder value

Good corporate governance can play a significant role for the company's financial sustainability and share price. Over the last few decades, administrators, researchers, and educators constantly focused on the role of corporate governance. However, studies that have been emphasized on the relat...

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Main Authors:	Sulimany, Hamid Ghazi H., Ramakrishnan, Suresh, Chaudhry, Asim Ali, Bazhair, Ayman Hassan
Format:	Article
Published:	Ascociacion Internacional de Economia Aplicada 2021
Subjects:	HB Economic Theory
Online Access:	http://eprints.utm.my/id/eprint/95796/ http://dx.doi.org/10.25115/eea.v39i4.4318
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id	my.utm.95796
record_format	eprints
spelling	my.utm.957962022-05-31T13:19:20Z http://eprints.utm.my/id/eprint/95796/ Impact of corporate governance and financial sustainability on shareholder value Sulimany, Hamid Ghazi H. Ramakrishnan, Suresh Chaudhry, Asim Ali Bazhair, Ayman Hassan HB Economic Theory Good corporate governance can play a significant role for the company's financial sustainability and share price. Over the last few decades, administrators, researchers, and educators constantly focused on the role of corporate governance. However, studies that have been emphasized on the relationship between corporate governance, financial sustainability, and shareholder value are scant. The main purpose of this study is examined good corporate governance and financial sustainability are predictor variables that helps companies to maximize share price in food & beverage sector in Saudi Stock Exchange. The data was collected from annual reports, DataStream and Saudi Stock Exchange (Tadawul). This study employs balanced panel data and statistical techniques like descriptive statistics, correlation matrix, pooled ordinary least square and mediation techniques (Baron & Kenny and Bootstrap Approach) was tested. The author used Stata 15 software for this analysis. The results reveal that financial sustainability mediates the relationship between corporate governance (board size) and shareholder value (share price) of companies in Saudi Arabia. This study contributes by adding mediator financial sustainability between board size and share price in a developing market with particular reference to food & beverage sector in Saudi Stock Exchange. Ascociacion Internacional de Economia Aplicada 2021 Article PeerReviewed Sulimany, Hamid Ghazi H. and Ramakrishnan, Suresh and Chaudhry, Asim Ali and Bazhair, Ayman Hassan (2021) Impact of corporate governance and financial sustainability on shareholder value. Estudios de Economia Aplicada, 39 (4). ISSN 1133-3197 http://dx.doi.org/10.25115/eea.v39i4.4318
institution	Universiti Teknologi Malaysia
building	UTM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Malaysia
content_source	UTM Institutional Repository
url_provider	http://eprints.utm.my/
topic	HB Economic Theory
spellingShingle	HB Economic Theory Sulimany, Hamid Ghazi H. Ramakrishnan, Suresh Chaudhry, Asim Ali Bazhair, Ayman Hassan Impact of corporate governance and financial sustainability on shareholder value
description	Good corporate governance can play a significant role for the company's financial sustainability and share price. Over the last few decades, administrators, researchers, and educators constantly focused on the role of corporate governance. However, studies that have been emphasized on the relationship between corporate governance, financial sustainability, and shareholder value are scant. The main purpose of this study is examined good corporate governance and financial sustainability are predictor variables that helps companies to maximize share price in food & beverage sector in Saudi Stock Exchange. The data was collected from annual reports, DataStream and Saudi Stock Exchange (Tadawul). This study employs balanced panel data and statistical techniques like descriptive statistics, correlation matrix, pooled ordinary least square and mediation techniques (Baron & Kenny and Bootstrap Approach) was tested. The author used Stata 15 software for this analysis. The results reveal that financial sustainability mediates the relationship between corporate governance (board size) and shareholder value (share price) of companies in Saudi Arabia. This study contributes by adding mediator financial sustainability between board size and share price in a developing market with particular reference to food & beverage sector in Saudi Stock Exchange.
format	Article
author	Sulimany, Hamid Ghazi H. Ramakrishnan, Suresh Chaudhry, Asim Ali Bazhair, Ayman Hassan
author_facet	Sulimany, Hamid Ghazi H. Ramakrishnan, Suresh Chaudhry, Asim Ali Bazhair, Ayman Hassan
author_sort	Sulimany, Hamid Ghazi H.
title	Impact of corporate governance and financial sustainability on shareholder value
title_short	Impact of corporate governance and financial sustainability on shareholder value
title_full	Impact of corporate governance and financial sustainability on shareholder value
title_fullStr	Impact of corporate governance and financial sustainability on shareholder value
title_full_unstemmed	Impact of corporate governance and financial sustainability on shareholder value
title_sort	impact of corporate governance and financial sustainability on shareholder value
publisher	Ascociacion Internacional de Economia Aplicada
publishDate	2021
url	http://eprints.utm.my/id/eprint/95796/ http://dx.doi.org/10.25115/eea.v39i4.4318
_version_	1735386848327368704
score	13.211869

Impact of corporate governance and financial sustainability on shareholder value

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