Financial performance, firm value, transparency and corporate governance. Evidences from family-owned business in UAE

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.

Keywords:

• Financial performance
• firm value
• transparency
• corporate governance
• UAE

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Misbah Sadiq

Dr. Misbah Sadiq, Assistant professor of Finance at Al Qasimia University UAE.

Tarek Roshdy Abdelhalem Gebba

Dr. Tarek Roshdy Abdelhalem Gebba, Professor of Management at Al Qasimia University UAE.