THE INFLUENCE OF CULTURE AND CORPORATE GOVERNANCE ON CORPORATE PERFORMANCE OF JORDANIAN FINANCIAL COMPANIES
The current study aims to examine the influence of Culture and corporate governance on the corporate performance of Jordanian financial companies. The results of the current study will contribute to the literature in light of the lack of local studies in this regard. Study sample consists of 105 financial companies listed on ASE. For this purpose, this study used agency theory and Hofstede theory. To measure the culture the study used the six of Hofstede's cultural dimensions LPD; MAS; COLL; HUAI; LTO; REST. To measure the corporate governance the study used the board size; Independence of BOD; Non-CEO duality; Board committees, largest OWS LO; Foreign OWS (FO); and government OWS (GO). The current study indicated empirical evidence that there is no relationship between culture and CP with the presence of corporate governance in the Jordanian context. However, there is the additional explanatory power of cultural dimensions in explaining the variances in corporate performance with the presence of CG. Given the importance of culture and its relationship with corporate governance and performance, and in light of the lack of local studies, future studies must be conducted in this regard.
Culture, Corporate governance, Corporate performance, Jordanian companies.