Saudi Cultural Missions Theses & Dissertations
Permanent URI for this communityhttps://drepo.sdl.edu.sa/handle/20.500.14154/10
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Item Restricted The impact of investments made by the Saudi Public Investment Fund on the financial performance of companies that have received funding(University of Essex, 2024-09-11) Ghasib, Alya; Rowe, NicholasThe research purpose is to investigate how the Saudi public investment fund (PIF) investments affected financial performance of target companies. This performance was also compared with the investments made by the world largest sovereign wealth fund (SWF) from Norway. The study uses a sample of 142 companies for the period from 2010 to 2023. The method of analysis is panel regressions with t-tests. The dependent variables are represented by return on assets (ROA), return on capital employed (ROCE), return on equity (ROE) and net profit margin as accounting performance measures, and annual stock return as a market measure. The results reveal that both the SWF and PIF produced statistically significant negative effects on the financial performance of their target companies. This has implications for investors and corporate managers. The results are limited by the inclusion of only two funds and future studies are recommended to expand the sample to all SWFs available in the world.38 0Item Restricted A Comparative Analysis of Islamic and Commercial Banks in the MENA Region: Stability and Response during the COVID-19 Crisis(Saudi Digital Library, 2023-11-23) Alsuwaid, Razan Fayez M; Cave, JoshuaThis study investigates the resilience and performance of Islamic banks compared to commercial banks in the MENA region during the COVID-19 pandemic. Utilising panel data from 10 MENA countries from 2018 to 2022, the research employs regression analysis to discern the determinants influencing these banks' Return on Assets (ROA) and Return on Equity (ROE). The findings underscore the superior resilience of Islamic banks, particularly in terms of ROA, during this challenging period. Critical determinants of Islamic banks' profitability, such as credit risk, cost-to-income ratio, and liquidity, emerged as pivotal in shaping the performance of Islamic banks during the pandemic. The study reveals that Islamic banks' adherence to Shariah principles, especially risk-sharing, and their unique approach to credit management have been instrumental in navigating the challenges of the pandemic. The research contributes to the growing literature on Islamic banking resilience, offering valuable insights for policymakers, banking professionals, and academics.9 0