Corporate Governance and Non-Jordanian Share Ownership: the Case of Amman Stock Exchange

Mishiel Suwaidan, Suzan Abed, Abeer Al-Khoury


In many countries institutional investors have become dominant players in the financial markets. This paperaims to examine whether better corporate governance practices increase attractiveness of Jordanian shares forforeign investors. In order to achieve the above objective a sample of 183 company listed on the Amman StockExchange for the year 2010 is employed. The results reveal that institutional ownership, ownershipconcentration, total assets and audit size are related to non-Jordanian investor. This result builds on theimportance of non-Jordan shareholders in enhancing corporate governance mechanism.

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