Download This PaperCorporate Governance and Firm Value During the COVID-19 Pandemic: The Case of Palestine as a Frontier Market
27 Pages Posted: 19 Dec 2022
Abstract
This study explores the relationship between corporate governance mechanisms and firm value for companies listed on a new frontier market, the Palestine Stock Exchange before and during the COVID-19 pandemic. We study the effects of corporate governance mechanisms and firm value of two years before the start of the pandemic (2018-and 2019-) and two years subsequent to the onset of the pandemic (2020 and 2021). Two corporate governance mechanisms stand out in terms of enhancing valuation since the onset of the pandemic: a) enhance female representation on the board; b) the presence of an audit committee on the board.
Keywords: Corporate Governance, Firm value, frontier market, Palestine Stock Exchange, COVID-19.
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