Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225997
Authors: 
Al-Faryan, Mamdouh Abdulaziz Saleh
Year of Publication: 
2020
Citation: 
[Journal:] Risk Governance & Control: Financial Markets & Institutions [ISSN:] 2077-429X [Volume:] 10 [Issue:] 1 [Pages:] 23-36
Abstract: 
In spite of growing interest in Saudi corporate governance systems, there is little literature on the evolution of Saudi corporate governance. This study helps close this gap by investigating and compiling corporate governance development in Saudi Arabia. After providing background information for Saudi Arabia and its corporate governance model, we touch on the Saudi legal system and key external institutions that helped shape its corporate governance. We examine the specific contributions of the accounting and auditing professions, and the roles of the National Anti-Corruption Commission and the Saudi Stock Exchange. We describe key reforms implemented to develop the Saudi economy and evaluate their importance in facilitating change in corporate governance practices. This study contributes as an initial point of reference for future studies on Saudi Arabia, and serves as a one stop resource for both academics and practitioners, while specifically benefitting foreign and domestic investors considering investments in Saudi Arabia.
Subjects: 
Capital Markets
Corporate Governance
Ownership
Foreign Direct Investment
Saudi Arabia
Saudi Legal System
Stock Market Crash
JEL: 
G18
G34
G38
K22
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
Document Version: 
Published Version

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