Financial performance, firm value, transparency and corporate governance. Evidences from family-owned business in UAE. Issue 3 (3rd July 2022)

• Record Type: Journal Article
• Authors: Sadiq, Misbah; Gebba, Tarek Roshdy Abdelhalem
• Is Part Of: Transnational corporations review. Volume 14:Issue 3(2022)
• Page Start: 286
• Page End: 296
• Publication Date: 2022-07-03
• Subjects: Financial performance -- firm value -- transparency -- corporate governance -- UAE; 338.88
• DOI: 10.1080/19186444.2021.1938496
• Languages: English
• ISSNs: 1918-6444

Abstract

Abstract: The purpose of this study is to investigate the relationship among financial performance (FP), firm value (FV), transparency and corporate governance (CG) from family-owned business in the United Arab Emirates (UAE). This study used secondary data sets for analysis. This study applied descriptive statistics and cross-section analysis in order to better understand the actual facts and figures. The results indicate that majority of analysed companies do not provide a public access to their annual reports. However, comparison of average revenues for companies from each group allowed that there is a statistically significant difference found in revenue received by private family firms and public family firms. The public family companies receive 1.5 times higher annual revenue as compare to private family-owned companies. Finally, the linear regression model shows that there is insignificant relationship exist between corporate governance and company's financial performance.