eprintid: 21455
rev_number: 9
userid: 3527
dir: disk0/00/02/14/55
datestamp: 2014-05-30 19:47:43
lastmod: 2019-05-30 05:15:04
status_changed: 2014-05-30 19:47:43
type: thesis_degree
metadata_visibility: show
contact_email: bandaralrasheed@hotmail.com
item_issues_count: 0
eprint_status: archive
creators_name: Alrasheed, Bandar
creators_email: bandaralrasheed@hotmail.com
title: CORPORATE GOVERNANCE OF THE SAUDI ARABIAN PUBLICLY TRADED COMPANIES: AN APPRAISAL AND PROPOSALS FOR IMPROVEMENT
ispublished: unpub
divisions: sch_law_law
full_text_status: public
keywords: shareholders directors
abstract: Changes in economic and business practices around the globe and the rapid reform movement in developing counties require a sound corporate governance structure to be implemented in Saudi Arabia. A winning reform agenda has to take national factors into consideration. Agency problem types (controlling shareholder v. minority shareholders) and a weak external enforcement mechanism (especially judiciary) in the Saudi system suggest that immediate reform of corporate governance should focus on internal corporate governance, namely shareholder position including minority shareholders protection and the board of directors. Such a strategy of reform does not intend to undermine the importance of administrative and judicial reforms to corporate governance efficiency in the country, but rather offers fast-track reform proposals that may boost the corporate governance system until a full development of strong external structure in the country is established. Well-structured internal corporate governance is expected to comply with a number of comparative benchmarks that may reduce agency cost problem and observe the Saudi moral systems, particularly ones related to Islam. Linking corporate governance to the country’s moral system will more likely facilitate legal transplant of corporate governance standards into the Saudi system. Overall, the adoption of the proposals recommended in this dissertation is imperative to achieving the goals of improving corporate governance in Saudi Arabia and attracting greater investment in the country's capital market.
date: 2014-05-30
date_type: published
pages: 407
institution: University of Pittsburgh
refereed: TRUE
etdcommittee_type: committee_member
etdcommittee_type: committee_member
etdcommittee_type: committee_member
etdcommittee_type: committee_chair
etdcommittee_name: Oh, Peter
etdcommittee_name: Berkowitz, Daniel
etdcommittee_name: Del Duca, Louis
etdcommittee_name: Branson, Douglas
etd_defense_date: 2014-02-25
etd_approval_date: 2014-05-30
etd_submission_date: 2014-04-24
etd_release_date: 2014-05-30
etd_access_restriction: 5_year
etd_patent_pending: FALSE
thesis_type: dissertation
degree: JSD
citation:   Alrasheed, Bandar  (2014) CORPORATE GOVERNANCE OF THE SAUDI ARABIAN PUBLICLY TRADED COMPANIES: AN APPRAISAL AND PROPOSALS FOR IMPROVEMENT.  Doctoral Dissertation, University of Pittsburgh.    (Unpublished)  
document_url: http://d-scholarship-dev.library.pitt.edu/21455/1/B_Alrasheed_Final_SJD_copy_for_ETD_April_24_2014.pdf