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Corporate Governance and Institutional Ownership: Evidence from Kuwait s Financial Sector

Hamdan, Allam Mohammed Ahlia University - College of Business and Finance - Department of Accounting, Bahrain , Al-Sartawi, Abd Almuttaleb Mohammed Delmon University - College of Business and Finance - Department of Accounting, Bahrain

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In this article, we examine the relation between corporate governance and institutional ownership. The studysample contained 98.5% of Kuwait s financial sector corporations, which are listed in Kuwait Stock Exchangeand which are 66 Corporations during 2010. The descritive results indicated that there is an average application,which was statically significant to the corporate governance conditions in Kuwait s financial sector. Theempirical results indicate that the fraction of a company’s shares, held by institutional investors, decreases withthe quality of its governance structure. These results are not consistent with the conjecture that institutionalinvestors gravitate to stocks of companies with good governance structure

Corporate governance , Institutional ownership , Kuwait Stock Exchange

2013

المجله الاردنيه في اداره الاعمال