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Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies

Corporate governance issues have been the focus of attention for researchers for over three decades due to the global economic crisis. Despite the well-established relationship between corporate failure and corporate governance, there is still a lack of studies on corporate governance mechanisms and...

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Main Author: Qazwanji, Firas Nooraldeen Mardan
Format: Thesis
Language:English
English
English
Published: 2022
Subjects:
HD2709-2930.7 Corporations
HD58.7 Organizational Behavior.
Online Access:https://etd.uum.edu.my/10718/1/permission%20to%20deposit-not%20allow-s903437_0001.pdf
https://etd.uum.edu.my/10718/2/s903437_01.pdf
https://etd.uum.edu.my/10718/3/s903437_02.pdf
https://etd.uum.edu.my/10718/
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spelling my.uum.etd.107182023-10-30T07:00:46Z https://etd.uum.edu.my/10718/ Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies Qazwanji, Firas Nooraldeen Mardan HD2709-2930.7 Corporations HD58.7 Organizational Behavior. Corporate governance issues have been the focus of attention for researchers for over three decades due to the global economic crisis. Despite the well-established relationship between corporate failure and corporate governance, there is still a lack of studies on corporate governance mechanisms and firm performance in the absence of a code for corporate governance in Iraq. Therefore, this study aimed to examine the relationship between the board of directors' characteristics and ownership structure, the firm performance of companies, and the intellectual capital variable as a moderating effect. This study utilized secondary data from 2015 to 2019 for the listed companies in Iraq. This study employs the agency theory, resource dependence theory, and resource-based theory to investigate the relationship between the variables. The sample of the study was 46 companies for 230 firms’ observations based on the balanced panel data. This study employed STATA in running the Panel Corrected Standard Errors (PCSE). This study found positive and significant relationships between board size, board meeting, board change, institutional ownership, block shareholders ownership, and Tobin’s Q as a measure of performance of the firm. However, for the second measurement of firm performance using ROA, the results showed a positive and significant relationship between board size, board meeting, board change, managerial ownership, institutional ownership, and block shareholders ownership. The results for interaction variables found that intellectual capital moderates the relationship between most of the board characteristics, ownership structure variables, and firm performance. The acceptance of most hypotheses related to board characteristics and ownership structure underscores their necessity during the formulation of corporate governance policy. These findings can be used by the governance and regulatory bodies to develop the code of Iraq’s corporate governance. Future research can employ comparative studies among Middle East countries to provide more robust findings that may be generalized across countries. 2022 Thesis NonPeerReviewed text en https://etd.uum.edu.my/10718/1/permission%20to%20deposit-not%20allow-s903437_0001.pdf text en https://etd.uum.edu.my/10718/2/s903437_01.pdf text en https://etd.uum.edu.my/10718/3/s903437_02.pdf Qazwanji, Firas Nooraldeen Mardan (2022) Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies. Doctoral thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
English
topic HD2709-2930.7 Corporations
HD58.7 Organizational Behavior.
spellingShingle HD2709-2930.7 Corporations
HD58.7 Organizational Behavior.
Qazwanji, Firas Nooraldeen Mardan
Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
description Corporate governance issues have been the focus of attention for researchers for over three decades due to the global economic crisis. Despite the well-established relationship between corporate failure and corporate governance, there is still a lack of studies on corporate governance mechanisms and firm performance in the absence of a code for corporate governance in Iraq. Therefore, this study aimed to examine the relationship between the board of directors' characteristics and ownership structure, the firm performance of companies, and the intellectual capital variable as a moderating effect. This study utilized secondary data from 2015 to 2019 for the listed companies in Iraq. This study employs the agency theory, resource dependence theory, and resource-based theory to investigate the relationship between the variables. The sample of the study was 46 companies for 230 firms’ observations based on the balanced panel data. This study employed STATA in running the Panel Corrected Standard Errors (PCSE). This study found positive and significant relationships between board size, board meeting, board change, institutional ownership, block shareholders ownership, and Tobin’s Q as a measure of performance of the firm. However, for the second measurement of firm performance using ROA, the results showed a positive and significant relationship between board size, board meeting, board change, managerial ownership, institutional ownership, and block shareholders ownership. The results for interaction variables found that intellectual capital moderates the relationship between most of the board characteristics, ownership structure variables, and firm performance. The acceptance of most hypotheses related to board characteristics and ownership structure underscores their necessity during the formulation of corporate governance policy. These findings can be used by the governance and regulatory bodies to develop the code of Iraq’s corporate governance. Future research can employ comparative studies among Middle East countries to provide more robust findings that may be generalized across countries.
format Thesis
author Qazwanji, Firas Nooraldeen Mardan
author_facet Qazwanji, Firas Nooraldeen Mardan
author_sort Qazwanji, Firas Nooraldeen Mardan
title Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_short Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_full Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_fullStr Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_full_unstemmed Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_sort corporate governance and firm performance: the moderating role of intellectual capital in iraq listed companies
publishDate 2022
url https://etd.uum.edu.my/10718/1/permission%20to%20deposit-not%20allow-s903437_0001.pdf
https://etd.uum.edu.my/10718/2/s903437_01.pdf
https://etd.uum.edu.my/10718/3/s903437_02.pdf
https://etd.uum.edu.my/10718/
_version_ 1781708419688824832
score 13.244367

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