This paper investigates the determination of corporate liquidity in Organization of Islamic Cooperation (OIC) countries with emphasis on whether and how national governance (NG) has bearings on corporate liquidity in such countries. Using the Sharia-compliant liquidity measure to examine non-financial firms' liquidity in 22 OIC countries during the period 2000–2016, results reveal that liquidity determination in OIC countries resembles that in other countries. Additionally, NG positively affects corporate liquidity. Furthermore, the positive and negative effects of growth opportunities and leverage, respectively, on corporate liquidity strengthen with NG. Overall, results suggest that NG improves corporate governance in OIC countries.

本文调查了伊斯兰合作组织 (OIC) 国家公司流动性的确定，重点是国家治理 (NG) 是否以及如何影响这些国家的公司流动性。使用符合伊斯兰教法的流动性衡量标准来检查 2000-2016 年期间 22 个 OIC 国家的非金融公司的流动性，结果显示 OIC 国家的流动性确定与其他国家相似。此外，NG 对企业流动性产生积极影响。此外，增长机会和杠杆分别对企业流动性的正面和负面影响随着 NG 增强。总体而言，结果表明 NG 改善了 OIC 国家的公司治理。