The relationship between the ownership structure and the professional specialization of the controller

Abstract

The research seeks to shed light on the intellectual framework of the ownership structure, study its patterns and what are the foundations and determinants on which it is built, and indicate its relationship to the professional specialization of the auditor, and then indicate the intellectual and applied impact of each of them on the continuity  of the economic unit, by application in (14) Iraqi private banks listed on the Iraq Stock Exchange for the period from (2012-2021) by (140) views, and the research variables were measured quantitatively based on the financial reports published in the Iraq Securities Market. The financial of the banks of the research sample, as the ownership structure was measured by dividing the number of shares owned by the shareholders by the total shares of the banks of the research sample, and the researcher also used the weighted market share scale for the purpose of measuring the level of professional specialization of the offices and companies that practiced auditing the banks of the research sample, and a model (kida) was adopted to assess the ability of the banks of the research sample to continue practicing their activity.

The researcher reached several results, the most important of which was that the ownership structure is one of the most important main elements of corporate governance through two main elements, namely the concentration of capital (concentration of ownership) and the nature of shareholders (owners), and in the practical side, there was a direct relationship between the ownership structure and the professional specialization of the auditor, and the results of the statistical analysis proved that the relationship between the ownership structure and the professional specialization of the auditor had a reflection on the continuity of banks in varying proportions, but the ownership structure It is the most influential on continuity.

The most important recommendations emphasized by the researcher are the need to expand the scope of disclosure of the ownership structure, and banks must have the ability to diagnose and detect risks early and deal with them seriously, as well as the need to pay attention in general to developing the activities of banks and services to achieve appropriate returns with the least possible losses through multiple channels.