SACM - United Kingdom
Permanent URI for this collectionhttps://drepo.sdl.edu.sa/handle/20.500.14154/9667
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Item Restricted Investigating the Implementation of Governance Through the Adoption of the Universities Law in Saudi Higher Education(ASTON UNIVERSITY, 2025) Alowaid, Othman; Hall, MatthewThis research investigates the implementation of the new Universities Law in Saudi Arabia and its implications for higher education governance. The primary aim is to develop a comprehensive governance framework tailored to Saudi universities' unique sociocultural, political, and economic context. This study provides a robust theoretical foundation for understanding governance dynamics within Saudi higher education by synthesising agency, stewardship, and stakeholder theories. There has previously been an in-depth exploration of adapting governance in Saudi higher education through the new Universities Law; hence, this research examines the two universities that first implemented the new law. The study explores the governance framework of Saudi higher education, the adaptation processes, and the challenges encountered. A qualitative case study approach allowed participants to describe their experiences. Data collection involved two main methods: document analysis and semi-structured interviews. The key documents analysed were the previous Higher Education and Universities Council Law and the new Universities Law. Fifteen semi-structured interviews were conducted with participants from the two universities and the Universities Affairs Council, considered the body supervising universities. This study contributes to the theoretical discourse on higher education governance by demonstrating the novel combination of agency, stewardship, and stakeholder theories and revealing the limitations of existing governance frameworks when applied in isolation. This study addresses practical challenges universities face during the transition, providing insights crucial for successfully implementing governance reforms. By bridging the gap between theory and practice, this research supports ongoing efforts to improve governance in Saudi higher education, aligning with the broader goals of the Vision 2030 initiative. Additionally, it addresses practical challenges universities face during the transition, providing insights crucial for successfully implementing governance reforms. By bridging the gap between theory and practice, this research supports ongoing efforts to improve governance in Saudi higher education, aligning with the broader goals of the Vision 2030 initiative.14 0Item Restricted The firm-level impact of corporate governance mechanisms on firm performance of listed non-financial companies in Saudi Arabia.(universaty of Liverpool, 2024-09) Aljebreen, Sultan; Abuzeid, MostafaThere has been increased focus on desirable corporate governance practices linked with improved performance and firm stability. Therefore, this study sought to explore the influence of board factors as the determinants of the firm’s performance. Corporate governance mechanisms included board composition, audit committee features, and ownership, while profitability measured firm performance. The dissertation employed a quantitative research approach, and panel data was compiled from the Tadawul (Saudi Stock Exchange) for the period 2020-2023. Panel regression analysis was used to examine the relationship between corporate governance mechanisms and firm performance. The research results imply that the board of directors size has a significant positive influence on a firm’s performance, which could suggest that a large board, which in most cases differs in skills and experience, helps in developing strategic decisions that can enhance financial performance. On the other hand, CEO duality, meaning that the CEO is the same as the board chairman, was discovered as having a marginally negative influence on performance. This could be an indication of the problems with excessive concentration of power, hence diminishing the independence and efficacy of the board. Although other governance factors, including audit committee characteristics and ownership structure, were examined, they were not significantly linked to firm performance. Therefore, there may be a need for further studies to validate their influence on the relationship between corporate governance and financial performance in Saudi Arabia. Overall, the study offers significant insights to policymakers and corporate leaders in developing best practices for improving corporate governance in Saudi Arabia.36 0Item Restricted THE EFFECTS OF CEO GREEDINESS AND PEER COMPENSATION ON THE QUALITY OF FIRMS’ FINANCIAL INFORMATION(The University of Nottingham, 2024-04-03) Alhossini, Abdullah A.; Kim, Ja Ryong; Nguyen, Huy NguyenGiven the severe consequences of low-quality financial information from firms—such as eroding investor trust and even triggering financial crises—its determinants have drawn significant attention from regulators, investors, and researchers. Nevertheless, serious oversights prevail in the accounting literature, particularly concerning greedy CEOs, who harbor intense desires for extraordinary material wealth at others’ expense, jeopardize firms’ sustainability, and even contributed to recent financial scandals. Specifically, despite their various social and organizational implications, the effects of CEO greediness on the quality of firms’ financial information have been neglected. The current thesis, however, fills this gap in the existing literature by investigating both the separate then the integrated impacts of CEO greediness along with CEO compensation at peer firms on financial information quality. First, using a 1992–2019 U.S. sample with 23,837 firm-year observations and three proxies for measuring CEO greediness, the research findings demonstrate a positive association between CEO greediness and the extensive use of earnings management, ranging from accrual-based earnings management, real earnings management, and classification shifting to opportunistic non-GAAP earnings disclosure. These findings highlight the multifaceted approach to earnings management that greedy CEOs employ. Moreover, the research finds that external auditors charge higher fees to and are more likely to resign from clients with greedy CEOs, indicating auditors’ perceived risk of CEO greediness on financial information quality. When comparing changes in earnings management practices and auditors' decisions around CEO transitions—where incoming and outgoing CEOs exhibit varying levels of greediness—it reinforces the study's conclusion that CEO greediness adversely affects the quality of a firm's financial information. Next, investigating the influences of peer firms’ CEO compensation on a firm’s financial information quality, this study—using a text-based measure to identify peer firms and a consequent 1992–2019 sample of 23,371 observations—finds a negative association between peer firms’ CEO compensation and a firm’s financial information quality, as measured by accrual-based and real earnings management, classification shifting, and non-GAAP earnings. The findings also show a positive relationship between peers’ CEO compensation and both external audit fees and auditor resignations. Finally, examining the moderating role CEO greediness plays in the peer compensation-information quality nexus, this study finds that CEO greediness exacerbates the above negative association and renders the above positive relationships more pronounced. Overall, the findings suggest that as peers' CEO compensation rises, the focal CEO is more likely to employ varied earnings management strategies to boost their personal gains, with CEO greediness significantly intensifying this relationship. The research contributes to the literature on CEO greediness, compensation, and financial information quality. The findings emphasize the significant role of CEO greediness and peers’ CEO compensation in shaping the quality of firms' financial information, providing valuable insights for shareholders, regulators, and broader corporate governance. Theoretically, the research emphasizes the notion that CEO personality traits interact with economic incentives they face to affect CEO decisions, thereby further enhancing understanding of the variations in behavioral responses to incentives such as peer compensation. Methodologically, the study integrates four dominant measures of earnings management to capture a holistic picture of information quality while also considering auditors' perspectives, thereby expanding the extant literature’s narrow focus on limited measures, despite the potential substitute nature intrinsic to these measures.25 0