Corporate Reporting Transparency, Board Independence and Expertise, and CEO Duality

Felo, Andrew J.

doi:10.2139/ssrn.1373942

Cited by 18 publications

(19 citation statements)

References 30 publications

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“…A number of studies have been conducted in the last decade for the purpose of investigating the relationship between corporate governance and corporate disclosure practices in different countries (e.g., Chen & Jaggi, 2000;Haniffa & Cooke, 2002;Gul & Leung, 2004;Abdelsalam & Street, 2007;Ezat & El-Masry, 2008;Felo, 2009;Al-Akra et al, 2010a,b;Samaha & Dahawy, 2010;Abed et al, 2011;Alanezi & Albuloushi, 2011). This study extends the study of Al-Akra et al (2010a) in Jordan by using more recent data and investigating the impact of board leadership and management ownership ratio on the levels of compliance with IFRSs.…”

Section: Introductionmentioning

confidence: 91%

The Influence of Corporate Governance Structures on Compliance with Mandatory IFRSs Disclosure Requirements in the Jordanian Context

Hassaan¹

2013

IJRBS

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This study examines the impact of corporate governance structures on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the Amman Stock Exchange (ASE) as a leading Arab stock exchange. Using a disclosure index derived from mandatory IFRSs disclosure requirements for the fiscal year 2007, this study measures the levels of compliance by a sample of 75 non-financial companies listed on the ASE. This study extends the financial reporting literature and the emerging markets disclosure literature by being one of the first to investigate the influence of corporate governance requirements for best practices on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the ASE. Results provide evidence of the lack of influence of corporate governance best practices on the levels of compliance with mandatory IFRSs disclosure requirements as it is not yet part of the cultural values within the Jordanian context. These findings are consistent with the notions of the theoretical foundation employed in this study.

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Section: Introductionmentioning

confidence: 91%

The Influence of Corporate Governance Structures on Compliance with Mandatory IFRSs Disclosure Requirements in the Jordanian Context

Hassaan¹

2013

IJRBS

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“…Findings of prior research that examined the association between board independence and financial disclosure are mixed which makes it difficult to predict the relationship between board independence and levels of compliance with the IFRSs in the scrutinised context. Some researchers report a positive relationship (e.g., Arcay & Vazquez, 2005;Cheng & Courtenay, 2006;Abdelsalam & Street, 2007;Abdelsalam & Elmasry, 2008;Ezat & Elmasry, 2008;Felo, 2009). In contrast, some researchers report a negative relationship (Eng & Mak, 2003;Gul & Leung, 2004;Muslu, 2005) while other researchers did not find any relationship (Haniffa & Cooke, 2002;Ghazali & Weetman, 2006).…”

Section: Board Independencementioning

confidence: 99%

“…Some studies show that role duality is significantly associated with a lower level of financial disclosure (e.g., Haniffa & Cooke, 2002;Gul & Leung, 2004;Arcay & Vazquez, 2005;Abdelsalam & Elamasry, 2008) while Ghazali & Weetman (2006) report an insignificant relationship. On the other hand, some empirical research show that there is no association between role duality and financial disclosure or reporting quality (Cheng & Courtenay, 2006;Ghazali & Weetman, 2006) and one study (Felo, 2009) reports a positive relationship between role duality and financial disclosure practices. The contradictory nature of these results raises the need to re-examine this relationship and make it difficult to predict the type of the relationship between board leadership and levels of compliance with the IFRSs in the scrutinised MENA capital markets.…”

Section: Board Leadershipmentioning

confidence: 99%

“…Specifically, these were the Asian financial crisis and the high-profile corporate scandals such as WorldCom, Enron, Lehman Brothers and Tyco. Furthermore, in academia, the topic continues to attract much attention from researchers (e.g., Beasley, 1996;Haniffa & Cooke, 2002;Ghazali & Weetman, 2006;Brown 2007;Ezat & El-Masri, 2008;Felo, 2009;Al-Akra et al, 2010a,b;Samaha, 2010;Samaha & Dahawy, 2010;. Corporate governance is concerned with the system of directing and controlling companies, and it is the responsibility of BOD (Cadbury Committee Report, 1992).…”

Section: Introductionmentioning

confidence: 99%

“…A number of studies have been conducted in the last decade for the purpose of investigating the relationship between corporate governance and corporate disclosure practices in different countries (e.g., Chen & Jaggi, 2000;Haniffa & Cooke, 2002;Gul & Leung, 2004;Abdelsalam & Street, 2007;Ezat & El-Masry, 2008;Felo, 2009;Al-Akra et al, 2010a,b;Samaha, 2010;Samaha & Dahawy, 2010;Abed et al, 2011;Alanezi & Albuloushi, 2011). However, to the best of the researcher's knowledge this study is the first to examine the influence of corporate governance structures (namely, board independence, board leadership, board size and ownership structure) on the overall compliance with mandatory IFRSs disclosure requirements in the Egyptian context.…”

Section: Introductionmentioning

confidence: 99%

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The introduction of corporate governance codes in a transitional economy and its impact on compliance with mandatory disclosures

Hassaan¹

2013

IJRBS

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This study aims to investigate the influence of the introduction of a corporate governance code in 2005 on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the Egyptian Exchange (EGX) as a leading stock exchange in the Middle East. Using a disclosure index derived from mandatory IFRSs disclosure requirements for the fiscal year 2007, this study measures the levels of compliance by a sample of 75 non-financial companies listed on the focus stock exchange. This study extends the financial reporting literature and the emerging markets disclosure literature by being the first to investigate the influence of corporate governance requirements for best practices on the levels of compliance with mandatory IFRSs disclosure requirements by companies listed on the EGX. Results provide evidence of the lack of influence of corporate governance best practices on the levels of compliance with mandatory IFRSs disclosure requirements as it is not yet part of the cultural values within the Egyptian context. These findings are consistent with the notions of the proposed theoretical foundation.

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Quality of financial reporting in the Indian insurance industry: Does corporate governance matter?

Goyal,

Gulati

2024

J Corp Accounting Finance

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This study explores the relationship between financial reporting quality and insurer governance, with the hypothesis that robust governance procedures exert better control over managers’ opportunistic behavior. The analysis is based on a dataset of insurer firms from 2014 to 2021. The econometric results obtained using the two‐step system GMM technique reveal that the overarching influence of corporate governance on enhancing financial reporting quality is evident, with board and risk governance matters the most. Among individual governance attributes, the optimal board size, a higher proportion of independent directors, audit and risk committees’ size, and risk committee independence play a significant role in governing discretionary accruals. The efficacy of governance mechanisms considerably differs across life and non‐life insurers, shedding light on the nuanced dynamics within the Indian insurance market. The results lend empirical support to resource dependency and agency theories within the Indian insurance sector. The implications suggest potential avenues for amending or redesigning governance norms with specificities of insurers and the ultimate goal of fostering an environment conducive to enhancing the reporting quality of Indian insurance firms.

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Corporate Reporting Transparency, Board Independence and Expertise, and CEO Duality

Cited by 18 publications

References 30 publications

The Influence of Corporate Governance Structures on Compliance with Mandatory IFRSs Disclosure Requirements in the Jordanian Context

The Influence of Corporate Governance Structures on Compliance with Mandatory IFRSs Disclosure Requirements in the Jordanian Context

The introduction of corporate governance codes in a transitional economy and its impact on compliance with mandatory disclosures

Quality of financial reporting in the Indian insurance industry: Does corporate governance matter?

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