The Modest Part of CEO Dichotomy in the Connection Between Ownership Structure and the Completeness of Financial Reporting in Saudi Arabia

Abstract

This study explores the role of the chief executive officer (CEO) duality in regulating the relationship between institutional and family ownership and financial reporting completeness in Saudi Arabia. This topic is investigated by collecting data from 172 companies for 2019–2021 and analyzing it using multiple linear regression approaches. According to the findings, CEO duality, institutional ownership, and family ownership are essential for increasing the accuracy and completeness of financial reporting. The results reveal a significant relationship between family ownership and financial reporting thoroughness. In addition, there is no correlation between institutional ownership and the completeness of financial reporting. Future studies may investigate corporate governance systems, such as the board of directors, audit committee, and external auditors, about institutional versus family ownership and the thoroughness of financial reporting.