Technical Report Boards of directors and bank performance in United Arab Emirates

齋藤, 純  ,  Saito, Jun

5832016-03 , Institute of Developing Economies, JETRO
Description
This study presents an empirical analysis about corporate governance of financial institutions in United Arab Emirates (UAE). The purpose of this research is to analyze the influence of the structure of board of directors on the performance of these institutions. To examine the effect of control exerted by particular families on bank management, we estimated models where the dependent variable is return on assets (ROA) and return on equity (ROE), independent variables are board of directors variables, and control variables are bank management variables. Our results show that the control of corporate governance by a ruler's family within a board of directors has a positive effect on bank profitability. Our results indicate that control by a ruler's family through a bank's board of directors compensates for the inadequacy of UAE's corporate governance system.
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http://ir.ide.go.jp/dspace/bitstream/2344/1537/1/ARRIDE_Discussion_No.583_saito.pdf

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