Purpose - This paper examines whether earnings and its components are relevant and sufficient to bridge the gap between banks' market and book values, and also considers if bank efficiency is “value relevant” for banks valuation. Design/methodology/approach -This paper follows the value...

This article examines empirically the effect of ownership structure on the corporate financing decision from the agency theory perspective. This article contributes to the literature by examining the static and the dynamic effects of managerial insiders and large shareholders' ownership on the...

This study examines the banking power in a number of highly concentrated banking industries. In particular, this paper tests the competitive conditions in the banking industries of six Middle Eastern and North African (MENA) countries for the period from 1998 to 2007. Using the new industrial...

This article applies a multivariate model to uncover the dynamic mean and volatility interdependence across the markets of Morocco, Tunisia, Egypt, Lebanon, Jordan, Kuwait, Bahrain, Qatar, United Arabic Emirates (UAE), Saudi Arabia and Oman from June 2005 to January 2012. Results show that the...

Unlike previous research which had focused solely on principal-agent conflicts in the Middle East, this paper enriches corporate governance literature of privately-held family firms in an emerging economy with inadequate legislative and enforcement framework, by examining conflicts between...

Repeated turmoil in equity indices in developed and emerging markets puts pressures on market participants to deal with the intense volatility of returns. After examining the normality of daily returns in Beirut Stock Exchange (BSE) from June 1999 to May 2011 with Jarque-Berra test (1980), we...

This study seeks to trace dimensions through which corporate governance characteristics influence the financial performance of family owned businesses. Between the periods of 2009-2011, we examined 160 Lebanese family owned firms that were equally divided between a control and an experimental...

Purpose – The purpose of this paper is to examine how the announcement of the mega sport event of the 2022 FIFA World Cup affected the stock market return and volatility for the hosting country (Qatar) and other economically related countries (United Arab of Emirates, Bahrain, Kuwait, Saudi...