%0 Journal Article
%T Corporate Boards and Ownership Structure as Antecedents of Corporate Governance Disclosure in Saudi Arabian Publicly Listed Corporations
%A Collins G. Ntim
%A Kwaku K. Opong
%A Waleed M. Al-Bassam
%A Yvonne Downs
%J Business & Society
%@ 1552-4205
%D 2018
%R 10.1177/0007650315610611
%X This study investigates whether and to what extent publicly listed corporations voluntarily comply with and disclose recommended good corporate governance (CG) practices, and distinctively examines whether the observed cross-sectional differences in such CG disclosures can be explained by ownership and board mechanisms with specific focus on Saudi Arabia. The study¡¯s results suggest that corporations with larger boards, a Big 4 auditor, higher government ownership, a CG committee, and higher institutional ownership disclose considerably more than those that are not. By contrast, the study finds that an increase in block ownership significantly reduces CG disclosure. The study¡¯s results are generally robust to a number of econometric models that control for different types of disclosure indices, firm-specific characteristics, and firm-level fixed effects. The study¡¯s results have important implications for policy makers, practitioners, and regulatory authorities, especially those in developing countries across the globe
%K corporate governance
%K board structure
%K ownership structure
%K voluntary disclosure regime
%K multitheory
%K Saudi Arabia
%U https://journals.sagepub.com/doi/full/10.1177/0007650315610611