[ Effet de la structure de propriété et du conseil d’administration sur la performance des sociétés marocaines cotées en bourse ]
Volume 36, Issue 3, June 2022, Pages 851–860
Aboubakere Haji1, Toufik Majdi2, and Issam Izza3
1 Équipe de Recherche en Communication, Université Sultan Moulay Slimane, Béni-Mellal, Morocco
2 Équipe de Recherche en Communication, Université Sultan Moulay Slimane, Béni-Mellal, Morocco
3 Équipe de Recherche en Communication, Université Sultan Moulay Slimane, Béni-Mellal, Morocco
Original language: French
Copyright © 2022 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This work studies the association between certain internal governance mechanisms and the financial performance of companies. We focused on the characteristics of two mechanisms in particular, namely the ownership structure and the board of directors. Studying a corporate sample of 58 non-financial firms, multiple linear regression shows that with the exception of managerial and institutional ownership, the other traits of ownership structure and board of directors show an unexpected negative effect.
Author Keywords: Corporate Governance, Board of directors, Ownership structure, corporate performance.
Volume 36, Issue 3, June 2022, Pages 851–860
Aboubakere Haji1, Toufik Majdi2, and Issam Izza3
1 Équipe de Recherche en Communication, Université Sultan Moulay Slimane, Béni-Mellal, Morocco
2 Équipe de Recherche en Communication, Université Sultan Moulay Slimane, Béni-Mellal, Morocco
3 Équipe de Recherche en Communication, Université Sultan Moulay Slimane, Béni-Mellal, Morocco
Original language: French
Copyright © 2022 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This work studies the association between certain internal governance mechanisms and the financial performance of companies. We focused on the characteristics of two mechanisms in particular, namely the ownership structure and the board of directors. Studying a corporate sample of 58 non-financial firms, multiple linear regression shows that with the exception of managerial and institutional ownership, the other traits of ownership structure and board of directors show an unexpected negative effect.
Author Keywords: Corporate Governance, Board of directors, Ownership structure, corporate performance.
Abstract: (french)
Ce travail étudie l’association entre certains mécanismes internes de gouvernance et la performance financière des entreprises. Nous nous sommes intéressés aux caractéristiques de deux mécanismes en particulier, à savoir la structure de propriété et le conseil d’administration. En étudiant un échantillon de 58 entreprises non financières, la régression linéaire multiple montre qu’à l’exception de propriété managériale et institutionnelle, les autres traits de la structure de propriété et du conseil d’administration affichent un effet négatif inattendu.
Author Keywords: Gouvernance d’entreprise, Conseil d’administration, Structure de propriété, performance de l’entrepris.
How to Cite this Article
Aboubakere Haji, Toufik Majdi, and Issam Izza, “Effect of ownership structure and board of directors on the performance of Moroccan listed companies,” International Journal of Innovation and Applied Studies, vol. 36, no. 3, pp. 851–860, June 2022.
