Ownership Concentration in Listed Firms in the Gulf Cooperation Council: Implications for Corporate Governance

Family Business in the Arab World Observatory. American University of Sharjah, Sharjah, UAE, 2020

33 Pages Posted: 7 Dec 2020

See all articles by Rodrigo Basco

Rodrigo Basco

University of Witten/Herdecke

Fatima Ghaleb

affiliation not provided to SSRN

Silvia Gómez-Ansón

Universidad de Oviedo - Business Administration

Rana Hamdan

affiliation not provided to SSRN

sadia malik

affiliation not provided to SSRN

Irma Martínez-García

Universidad de Oviedo - Business Administration

Date Written: 2020

Abstract

In this study, we analyze 692 listed firms in the GCC for a period of seven years (2009–2015). This study provides valuable insights into corporate ownership in the emerging economies of the GCC. First, the findings provide major and minor investors with a comprehensive understanding of the corporate ownership structure in the GCC region, including the ownership concentration and ownership identity of firms in financial and non-financial industries. Second, the findings shed light on the change of ownership concentration in listed firms in the GCC, over seven years (2009–2015), during which, various policies were enacted to encourage investments and promote minority investor protection. Finally, this study prioritizes the public awareness of policy formulation to enhance corporate governance practices and mechanisms in the GCC region.

Keywords: Corporate Governance, Ownership Structure, Emerging Economies, Gulf Cooperation Countries

JEL Classification: G30, G32, N25

Suggested Citation

Basco, Rodrigo and Ghaleb, Fatima and Gómez-Ansón, Silvia and Hamdan, Rana and malik, sadia and Martínez-García, Irma, Ownership Concentration in Listed Firms in the Gulf Cooperation Council: Implications for Corporate Governance (2020). Family Business in the Arab World Observatory. American University of Sharjah, Sharjah, UAE, 2020, Available at SSRN: https://ssrn.com/abstract=3710547

Rodrigo Basco (Contact Author)

University of Witten/Herdecke ( email )

Alfred-Herrhausen-Straße 50
Witten, 58448
Germany

Fatima Ghaleb

affiliation not provided to SSRN

Silvia Gómez-Ansón

Universidad de Oviedo - Business Administration ( email )

Avenida del Cristo s/n
33071-Oviedo
Asturias
Spain

Rana Hamdan

affiliation not provided to SSRN

Sadia Malik

affiliation not provided to SSRN

Irma Martínez-García

Universidad de Oviedo - Business Administration ( email )

Avenida del Cristo s/n
33071-Oviedo
Asturias
Spain

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