Corporate Governance and Information Asymmetry Among UAE Listed Companies

• Main Author: Bajrei, Saleh Salem Saeed
• Format: Thesis
• Language: English; English
• Published: 2012
• Subjects: HD2709-2930.7 Corporations
• Online Access: https://etd.uum.edu.my/3021/1/Saleh_Salem_Saeed_Bajrei.pdf; https://etd.uum.edu.my/3021/4/Saleh_Salem_Saeed_Bajrei.pdf; https://etd.uum.edu.my/3021/

This study uses the framework of the agency theory to systematically investigate the relationship between corporate governance mechanisms; board of directors’ characteristics (board size, board independence, duality, board meetings, and director’s ownership) and audit committee size with the level of information asymmetry in UAE. The multiple regression analysis provides evidence that board size is significantly positive related to information asymmetry. While board independence, board meetings, directors’ ownership and audit committee size have a significantly negative association related to information asymmetry. The findings show that the information asymmetry among the United Arab Emirates (UAE) companies is high and the implementation of the Code of Corporate Governance more likely to be under development