The Effect of Corporate Board Structure on Foreign Share Ownership: Listed Companies in Gulf Cooperation Council (GCC) Countries

International Journal of Business and Innovation. Vol. 4, Issue 1, 2018

Title: The Effect of Corporate Board Structure on Foreign Share Ownership: Listed Companies in Gulf Cooperation Council (GCC) Countries

Author: Mohammed Gubran Mohammed Saad AL-shamahi1
Kamarul Bahrain Abdul Manaf2
Ali Saleh Al-arussi3

Abstract
This study empirically examines the effect of corporate board structure on foreign share ownership in Gulf Cooperation Council (GCC) countries. Specifically, it examines the effect of the financial expertise of the board of directors, board size, board independence and board meeting on foreign share ownership. The analysis is spanned the period of 2012-2015 for 142 non-financial listed companies on the GCC stock markets. The results demonstrate that foreign share ownership is positively related to the financial expertise of the board of directors, board size and board independence. The implication of this study may help users in making better public policy decisions, and provide guidance for corporate managers on the needs of foreign investors.

Keywords
Corporate board; board`s financial expertise; foreign share ownership; GCC countries.

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