Abstract

Abstract
This study aims to examine the impact of compliance with corporate governance principles on the financial performance of insurance institutions in Algeria.To achieve this goal, five key principles of corporate governance (independent variables) were adopted:functions and responsibilities of the board, the role of stakeholders, transparency and disclosure, risk management, compliance and ethical Behaviour, auditing and accountability. They have been drawn from those of international organizations such as the Organization for Economic Cooperation and Development, the Commonwealth Association and the Basel Committee for Banking Oversight. The dependent variable was derived from the most important ratios used in assessing the financial performance of insurance companies.The questionnaire method has been relied upon to obtain and analyze different stakeholder perceptions of compliance with corporate governance principles and their impact on the financial performance of five insurance companies under study.We relied upon the structural equations modeling technique in determining the effect.The software used for data analysis were SPSS v25 and Warpls v7.0, which was the upgraded version of MATLAB.
This study found that the five principles of corporate governance adopted in this research have a statistically significant positive impact on the financial performance of Algerian insurance institutions; these results are in accordance with the findings of several previous studies. The results thus demonstrate that compliance with corporate governance principles contributes to enhancing corporate performance, ensuring both stability and sustainability.
The original contribution of the study was that it could be useful to all stakeholders, including policymakers, regulators, academics and society in general (depending on sample size).The results of the study also have theoretical and practical dimensions for insurance companies in Algeria (especially those adopted in the study) based on the positive impact of corporate governance, which contributes to enhancing their long-term performance.The study also makes several recommendations that could be used for future research.
Keywords:Corporate governance, Compliance, Financial Performance, FactorAnalysis, Structural Equations Modeling.

Information

Item Type:	Thesis
Divisions:	» Laboratory of Research and Economic Studies » Faculty of Economic, Commercial and Management Sciences
ePrint ID:	2867
Date Deposited:	2021-11-22
Further Information:	Google Scholar
URI:	https://www.univ-soukahras.dz/en/publication/article/2867

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