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Risk management committee, ownership structure and financial performance of public listed compaines in Saudi Arabia

Saleh, Mubarak Osamah Ahmed (2020) Risk management committee, ownership structure and financial performance of public listed compaines in Saudi Arabia. Masters thesis, Universiti Utara Malaysia.

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Abstract

The role of risk management committee (RMC) under the corporate governance consist of monitoring the risk strategies, policies and risk tolerance level as well as reviewing the sufficiency of risk management policies and framework. Risk management committee performs a very important function in the monitoring of the risk and internal control. Thus, the main objective of the study is to examine the effect of the existence of risk management committee on firm performance of companies listed in Saudi Arabia bursa. In addition, the study also examines the effect of ownership structure of director and family ownership on firm performance. ROA and ROE are used as proxy to measure the firm performance. Sample of the study is based on 40% companies in each industry excluding finance companies. Data were collected from 57 companies in the financial year 2019.The study uses agency theory to predict the relationship. Descriptive analysis shows that only 36% of the sample companies have stand-alone risk management committee. The mean of family ownership is 25.68% and the mean of director ownership is 25.68%. Regression analysis showed that there was no significant relationship between the existence of risk management committees, family ownership and director ownership with firm performance. In addition, the results show that only firm size and leverage the control variables have a significant relationship with firm performance.

Item Type: Thesis (Masters)
Supervisor : Abdul Wahab, Noor Maimun
Item ID: 10407
Uncontrolled Keywords: risk management committee, ownership structure, board composition, firm performance, Saudi Arabia
Subjects: H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: School of Economics, Finance & Banking
Date Deposited: 15 Mar 2023 02:37
Last Modified: 15 Mar 2023 02:37
Department: School of Economics, Finance & Banking
Name: Abdul Wahab, Noor Maimun
URI: https://etd.uum.edu.my/id/eprint/10407

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