Corporate Governance and Non-Jordanian Share Ownership: the Case of Amman Stock Exchange

Suwaidan, Mishiel Said; Abed, Suzan; Al-Khoury, Abeer Fayez

doi:10.5539/ijbm.v8n20p14

Cited by 9 publications

(5 citation statements)

References 34 publications

(28 reference statements)

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“…Based on the foregoing, we reject the first null sub-hypothesis and accept the alternative that states: "There is a statistically significant effect of the size of the audit office on the level of commitment of insurance companies to apply the corporate governance instructions for insurance companies". This result is consistent with the results of (Al-Najjar, 2010;Zureigat, 2011;Suwaidan, et al, 2013;Al-janadi, et al, 2013;Sakka & Jaroui, 2015), and this can be explained by the awareness of audit firms The great importance of corporate governance, in addition to the audit firms' pursuit to preserve their reputation by avoiding the failure of the companies that audit them, and the independence of large audit firms makes them less likely to fall under management pressure.…”

Section: Hypotheses Testsupporting

confidence: 88%

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Impact of Audit Quality on the Implementation of Corporate Governance in the Insurance Companies Listed in Amman Stock Exchange

Alrashidi¹

2020

MAS

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The study aimed to identify the concepts and principles underpinning the corporate governance, and get to know the level of commitment of the Jordanian insurance companies' implementation of the instructions of corporate governance issued by the insurance commission, and determining the effect of audit quality on the level of implementation of the instructions of corporate governance. The study was conducted on a sample consists of 15 Jordanian Insurance Companies listed in the Amman Stock Exchange, during the period from 2011 to 2014. Audit quality was measured by the size of the audit office, audit fees, and auditor retention, relying on the instructions of corporate governance for insurance companies. The researcher designed a questionnaire containing five sections Associated with each of the board of directors, executive management, and the audit committee, risk management, and internal control system, and internal audit, the questionnaire was distributed to insurance company's staff who occupy different managerial positions. To achieve the objectives of the study the researcher used a number of statistical methods that fit the nature of the variables of the study, such as (Simple linear Regression model) and (Multiple Regression model) to test the hypotheses of the study. The study results showed that the Jordanian insurance companies show an acceptable commitment of the corporate governance instructions implementation; also, it showed that there is an impact of audit quality on the implementation of these instructions. Based on these results, the study provides a set of recommendations including Identify regulators responsible for following up the actual implementation of instructions of corporate governance in insurance companies, and reformulation of these instructions in a way to ensure the protection of the rights of stakeholders, and to clarify the functions and responsibilities of the Audit Committee. In addition, to focusing on the role of the external auditor, and working on increasing external auditor communication with the Audit Committee and Internal Auditors.

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Section: Hypotheses Testsupporting

confidence: 88%

“…This finding is consistent with most of the accounting literature on audit quality, as concluded (Sabeena & Suganya, 2016;Naveed et, al., 2015;Al-janadi, et al, 2013;Ianniello, et al, 2013;Suwaidan et al, 2013;Zureigat, 2011) that audit quality has a significant impact on the level of corporate governance.…”

Section: Hypotheses Testmentioning

confidence: 99%

Impact of Audit Quality on the Implementation of Corporate Governance in the Insurance Companies Listed in Amman Stock Exchange

Alrashidi¹

2020

MAS

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“…Due to the small number of manufacturing firms available as a research population, many Jordanian researchers have used samples of manufacturing and service institutions to maximise their study sample (e.g., Saifan et al, 2021). Our study, in contrast, used the most common approach recommended for samples with n < 50, the Shapiro–Wilk test, due to this test's great potential to identify non‐normality.…”

Section: Methodsmentioning

confidence: 99%

Does corporate governance influence readability of the report by the chairman of the board of directors? The case of Jordanian listed companies

Herenia,

Julián,

Al‐mohareb

2024

Corp Soc Responsibility Env

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This study investigates whether readability of the president's statement is linked to both company performance and factors related to corporate governance in an emerging market context. We analyse Jordanian manufacturing companies listed on the Amman Stock Exchange (ASE) during the period 2017–2021. An exploratory study using panel data from ASE, parametric correlations, and regression models shows the relationship between readability of the president's statement, corporate governance, and characteristics of the board of directors. The results indicate that corporate governance significantly moderates readability of the president's statement and the firm's performance. The results also show a relationship between readability of the chairman's statement and directors' accounting experience and confirm that independence of the board of directors and concentration of ownership affect readability of the accounting disclosures in the chairman's statement. Finally, poor board compliance significantly mitigates the association between board features and readability of the chairman's statement. These findings help to explain how and why firms adjust their information disclosure and transparency practices, affecting corporate reporting credibility and efficacy. This study is one of few to examine how board features affect readability of the president's statement within the Jordanian legal framework, which is plagued by poor board compliance due in part to constant amendments.

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“…The availability of audit committee is seen as a device for reducing information asymmetry between management and shareholders and also protects investors (McDaniel et al, 2002;McMullen, 1996;Mishiel et al, 2013). Possibility of earnings management may be reduced by independent audit committee's existence, which improves transparency (Klein, 2002).…”

Section: Audit Committee and Audit Qualitymentioning

confidence: 99%

Board Leadership Structure, Audit Committee and Audit Quality: Evidence from Manufacturing Companies in Sri Lanka

Velnampy¹,

Nadarajah²,

Tharanika³

et al. 2014

IJBM

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Purpose: This paper aims to analyze whether the corporate governance attributes such as board leadership structure, audit committee meetings held, size of independent non-executive directors and size of non-executive directors have significant impact on audit quality of manufacturing companies listed on Colombo Stock Exchange, Sri Lanka during 2011 to 2013. Research Design:The study takes 32 manufacturing companies listed in Sri Lanka out of 36 as sample and employs binary logistic regression method for modeling the association between a binary dependent variable such as audit quality and multiple independent variables such as board leadership structure, audit committee meetings held, size of independent non-executive directors, and size of non-executive directors. Findings:The study finds the logistic regression model for overall evaluation, statistical tests of individual predictors and goodness-of-fit. As per the output, Hosmer and Lemeshow test reveals the model for goodness of fit with chi-square of 17.503 and with probability value of 0.008, which is significant at five percent levels. Cox & Snell R Square reveal 56.2 % of the variance in audit quality. Whereas board leadership structure and audit committee meetings held have significant relationship with audit quality, size of non-executive directors and size of independent non-executive directors have shown insignificant association.Research Limitation-As sample size is relatively small, there may be a challenge to generalize the results of this study widely.Originality-This research contributes to the literature by adding the significant association between some corporate governance variables and audit quality. The findings from this research could be generalized to the companies similar to this category.

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Corporate Governance and Non-Jordanian Share Ownership: the Case of Amman Stock Exchange

Cited by 9 publications

References 34 publications

Impact of Audit Quality on the Implementation of Corporate Governance in the Insurance Companies Listed in Amman Stock Exchange

Impact of Audit Quality on the Implementation of Corporate Governance in the Insurance Companies Listed in Amman Stock Exchange

Does corporate governance influence readability of the report by the chairman of the board of directors? The case of Jordanian listed companies

Board Leadership Structure, Audit Committee and Audit Quality: Evidence from Manufacturing Companies in Sri Lanka

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