Libya: Politics, Economics, Banking, and their Effects on Corporate Governance

Abdelhakim MASLİ; Abdulaziz ELWALDA

Article Details

Libya: Politics, Economics, Banking, and their Effects on Corporate Governance

Authors:

Abdelhakim MASLİ | Abdulaziz ELWALDA

Publisher:

Mehmet GOKERIK

Main Topics:

Management

Journal:

Economics Business and Organization Research 2021 Vol.3 Issue 1, pp.91-116

Document Type:

Article

Publication Date:

6/2021

Document Language:

English

Document ID (Org No.):

2000950046

Frequency:

Bi-Annual

eISSN:

2687-5942

Keywords:

Abstract:

 

This study examines the concept of corporate governance in Libya from a political, economic, banking perspective, where it relies upon a review and analysis of the literature. As such, the study explores how to develop corporate governance in Libya and it presents an overview of the development of Libya’s accounting and auditing profession and the measures taken to improve the Libyan banking sector, concentrating on the major role of the Code of Corporate Governance (2010) issued by the Central Bank of Libya. The study concludes that the concept of governance in Libya is still in the early stages of development, and it is inhibited by the weaknesses in board governance, government intervention, and the weak legal and regulatory environment. CG practice in Libya is thus operating within an environment that is very different from that in developed countries. It is crucial, therefore, for developing countries to have their own corporate governance frameworks that consider political, economic cultural and social factors found in each country.

Article Details

Libya: Politics, Economics, Banking, and their Effects on Corporate Governance

Authors:

Abdelhakim MASLİ | Abdulaziz ELWALDA

Publisher:

Mehmet GOKERIK

Main Topics:

Management

Journal:

Economics Business and Organization Research 2021 Vol.3 Issue 1, pp.91-116

Document Type:

Article

Publication Date:

6/2021

Document Language:

English

Document ID (Org No.):

2000950046

Frequency:

Bi-Annual

eISSN:

2687-5942

Corporate Governance

Central Bank of Libya

Libyan Banking Sector

Developing Countries

Libya

Issues

Article Details

Libya: Politics, Economics, Banking, and their Effects on Corporate Governance

Authors: Abdelhakim MASLİ | Abdulaziz ELWALDA

Publisher: Mehmet GOKERIK

Main Topics: Management

Journal: Economics Business and Organization Research 2021 Vol.3 Issue 1, pp.91-116

Document Type: Article

Publication Date: 6/2021

Document Language: English

Document ID (Org No.): 2000950046

Frequency: Bi-Annual

eISSN: 2687-5942

Corporate Governance

Central Bank of Libya

Libyan Banking Sector

Developing Countries

Libya

Issues

Authors:

Abdelhakim MASLİ | Abdulaziz ELWALDA

Publisher:

Mehmet GOKERIK

Main Topics:

Management

Journal:

Economics Business and Organization Research 2021 Vol.3 Issue 1, pp.91-116

Document Type:

Article

Publication Date:

6/2021

Document Language:

English

Document ID (Org No.):

2000950046

Frequency:

Bi-Annual

eISSN:

2687-5942