The impact of corporate governance on market capitalization: evidence from Bahrain bourse

Our study is based on the “Agency Theory”, as it interprets the relationship between corporate governance and market capitalization of firms listed in Bahrain Bourse (BB). Longitudinal data is used in this study from 36 listed firms in Bahrain Bourse during the period of 2009-2013. A set of economet...

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Bibliographic Details
Published inCorporate Ownership and Control Vol. 13; no. 3; pp. 121 - 130
Main Authors Al Mubarak, Muneer Mohamed Saeed, Mousa Hamdan, Allam Mohammed
Format Journal Article
LanguageEnglish
Published 2016
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Summary:Our study is based on the “Agency Theory”, as it interprets the relationship between corporate governance and market capitalization of firms listed in Bahrain Bourse (BB). Longitudinal data is used in this study from 36 listed firms in Bahrain Bourse during the period of 2009-2013. A set of econometric methods, including the fixed effects method, is used to overcome different measurement problems of such relationship. The study findings include a set of results that are related to effect of ownership structure and board of directors’ characteristics on market capitalization of firms. Based on these findings, a set of recommendations, along with study limitations and future research, are put forward.
ISSN:1727-9232
1810-3057
DOI:10.22495/cocv13i3p11