The relationship of investment policies with corporate governance An empirical study on a sample of Iraqi banks

Abstract

The study aimed to define the concept of investment policies and their impact on corporate governance and its mechanisms represented by (board size, independence of the board of directors, concentration of ownership, institutional ownership, board ownership, dual position, size of the audit committee, independence of the audit committee, number of annual board meetings). To achieve this goal, the study dealt with the content analysis method for the annual financial statements of a sample of (15) banks listed in the Iraqi Stock Exchange for the period from 2010-2020. Correlation and regression models have been used in examining the relationship and influence between these variables. The study concluded that there is a positive correlation with a significant between investment policy and corporate governance in general and with all its mechanisms (except for the size of the board). Meaning the higher the level of efficiency of the investment policy accompanied that a rise in the level of governance strength and the application of its mechanisms in the study sample banks.