Effects of board gender and foreign directorship on the financial sustainability of Saudi listed firms: Does family ownership matter?

ABSTRACT: This study investigates how family ownership may influence the effects of board gender and foreign directorship on the financial sustainability. The panel data of 103 Saudi non-financial listed companies from 2013 to 2022 was analyzed using fixed effects, and the generalized method of moments (GMM) was used for robustness test. The research findings suggest a strong and positive effect of foreign directorship on financial sustainability, consistent with the resource dependency view and agency theory. However, board gender exerts a negative and significant influence, contradicting existing theories. Further, the moderation results show that family ownership positively moderates the effects of both board gender and foreign directorship on financial sustainability. This positive moderating re

SUBMITTER: Naif Alshareef M 

PROVIDER: S-EPMC11620268 | biostudies-literature | 2024 Oct

REPOSITORIES: biostudies-literature