IT Governance and Firm Performance: Empirical Study From Saudi Arabia

Allam Hamdan,Reem Khamis,Mukhtar Al-Hashimi,Anjum Razzaque,Mohammed Anasweh

doi:10.1177/2158244019843721

Allam Hamdan, Reem Khamis + Show 3 more

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https://doi.org/10.1177/2158244019843721

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Abstract

This study provides additional evidence on information technology (IT) governance and its relationship to firm performance in emerging markets. It aims primarily to determine the level of IT govern...

Highlights

Traditional boards of directors are characterized by the fact that they focus on the structure and composition of the board, its size, and the number of independent members
The benefits gained by corporate governance are not limited to the companies only; they extend to the national economy, in general, in view of the role of corporate continuity and growth in accordance with the rules of governance in driving the economy and increasing gross domestic product (GDP), which is consistent with the vision of the Kingdom of Saudi Arabia in 2030 (CMA, 2018)
information technology (IT) governance is a modern concept in corporate governance that has found its way into the rules and regulations of the developed countries, but emerging markets are still making first strides in this direction

Summary

Introduction

Traditional boards of directors are characterized by the fact that they focus on the structure and composition of the board, its size, and the number of independent members. The Saudi Capital Market Authority (CMA) adopted the new corporate governance regulations in 2017 which aimed to establish effective governance arrangements in the listed companies in the Saudi financial market to ensure clarity of the relationship between the shareholders and the board of directors, on one hand, and between the board of directors and the executive directors, on the other hand. It has considered shareholders’ rights in these companies. The benefits gained by corporate governance are not limited to the companies only; they extend to the national economy, in general, in view of the role of corporate continuity and growth in accordance with the rules of governance in driving the economy and increasing gross domestic product (GDP), which is consistent with the vision of the Kingdom of Saudi Arabia in 2030 (CMA, 2018)

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