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dc.contributor.authorAljughaiman, Abdullah
dc.contributor.authorSalama, Aly
dc.contributor.authorVerousis, Thanos
dc.date.accessioned2023-12-08T14:18:32Z
dc.date.available2023-12-08T14:18:32Z
dc.date.issued2023en_US
dc.identifier.issn1076-9307
dc.identifier.doi10.1002/ijfe.2878
dc.identifier.urihttp://hdl.handle.net/20.500.12127/7376
dc.description.abstractThis article investigates the relationship between corporate governance structures and financial flexibility for conventional and Islamic banks in the Middle East and North Africa (MENA) region. We construct a novel financial flexibility index (FFI) for the banking sector and examine the impact of the Shari'ah supervisory board (SSB), board size, and risk governance on financial flexibility. We find that board size and risk governance significantly affect banks' financial flexibility for Islamic and conventional banks. However, Shari'ah governance rules determine how that relationship is manifested in Islamic banks. We show that SSB size and busy SSBs enhance Islamic banks' financial flexibility. Our results show that Western corporate governance structures may lead to suboptimal financial flexibility. Banking policies should re-evaluate the impact of one-size-fits-all approaches to corporate governance while promoting ‘soft policies’ to banking regulation that are value-enhancing for the banking sector.en_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.titleCorporate governance, Shari'ah governance and financial flexibility: Evidence from the MENA regionen_US
dc.identifier.journalInternational Journal of Finance and Economicsen_US
dc.contributor.departmentFinance department, School of Business, King Faisal University, Al Ahsa, Saudi Arabiaen_US
dc.contributor.departmentNewcastle Business School, Northumbria University, Newcastle upon Tyne, UKen_US
dc.contributor.departmentEssex Business School, University of Essex, Colchester, UKen_US
dc.identifier.eissn1099-1158
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.typearticleJournal article with impact factoren_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid311477en_US


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