IFRS compliance in GCC countries: Do corporate governance mechanisms make a difference?

Abdelqader, Muath; Nimer, Khalil; Darwish, Tamer K.

doi:10.1057/s41310-021-00123-3

Cited by 16 publications

(9 citation statements)

References 79 publications

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“…Theoretically speaking, the corporate disclosure phenomenon has been illustrated by diverse theories. However, the most widely used is the agency theory (Yamani et al , 2021; Abdelqader et al , 2021; Nalukenge et al , 2018; Al-Sartawi et al , 2017). In this context, the tenor of agency theory reflects the necessity of creating a contract between agents and principals (Jensen and Meckling, 1976).…”

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

“…Moreover, Zaid et al (2020a) emphasize that companies with professional investors have the ability to address the shareholder-management agency dilemma since this type of investor can play a substantial role, along with independent directors, in curbing the opportunistic conduct of agents and instigating them to run the firm in the best interest of owners. More importantly, Abdelqader et al (2021) reveal that a high level of ownership concertation, particularly in professional hands, is anticipated to ameliorate the controlling ability of these hands over the executives’ managerial activities. The logic stands behind this argument is that this type of shareholder has more incentives to pursue the management’s actions and its decisions.…”

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

“…Nowadays, there are 167 jurisdictions worldwide that require or permit listed firms to comply with International Financial Reporting Standards (hereafter, IFRS) [1]. Accordingly, IFRSs are increasingly accepted and adopted by a stream of jurisdictions, and this plainly reflects the increasing importance of international harmonization of accounting standards.…”

Section: Introductionmentioning

confidence: 99%

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Do professional shareholders matter for corporate compliance with IFRS reporting requirements: the moderating effect of board independence

Zaid

2023

IJAIM

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Purpose From an agency theory realm, this study aims to respond to the more recent calls to deeply analyze the indirect influence of professional shareholders, namely, institutional, blockholder and foreign owners, on the extent of compliance with International Financial Reporting Standards (IFRS) mandatory reporting requirements. Design/methodology/approach Multivariate regression analysis was applied. Moreover, quantitative static and dynamic panel data have been used. More plainly, ordinary least squares was run as a baseline estimator. Afterwards, one-step system generalized method of moment and two-stage least squares were conducted to control for the potential endogeneity dilemma. The analysis is based on a sample of nonfinancial listed firms on the Palestine Stock Exchange for the time span of 10 years, from 2010 to 2019. Findings After controlling for the detrimental effect of the endogeneity issue, the findings clearly reveal that the effect of the three types of professional shareholders (institutional, blockholder and foreign) on the extent of compliance with IFRS is more significant under a high proportion of independent nonexecutive directors. Originality/value To the best of the author’s knowledge, prior literature on the nexus between shareholding structure and compliance level with IFRS has restricted solely to analyzing the direct influence without casting the light on the moderation effect of independent nonexecutive directors. Hence, analyzing this sensitive configuration merits attention. In this vein, to ameliorate the compliance level with IFRS, regulators have to devote remarkable effort to updating both enforcement mechanisms and best practices of shareholding structure simultaneously.

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Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

Section: Theoretical Framework and Hypotheses Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Do professional shareholders matter for corporate compliance with IFRS reporting requirements: the moderating effect of board independence

Zaid

2023

IJAIM

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“…Almost all prior research on the influence and link between CG and IFRS adoption was conducted in wealthy nations. [94,107] 38.…”

Section: Irfsmentioning

confidence: 99%

Transforming the Capabilities of Artificial Intelligence in GCC Financial Sector: A Systematic Literature Review

Khan

Malik

Alomari

et al. 2022

Wireless Communications and Mobile Computing

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Identity and access management is a business process framework that makes it easier to maintain genuine user identities and regulate access to sensitive assets. The word “access control” refers to an organization’s policy for authorizing access procedures, the mechanisms that implement and enforce the policy, and the model that the policy and procedures are built on. Adopting new technology may give rise to specific cyber threats that decrease or degrade business operations. The paper has designed to discuss the artificial intelligence-based access control system as a necessary component of governing and safeguarding the financial sector’s information assets in the Gulf Cooperation Council (GCC) region. Due to the dynamic and complicated nature of security rules for access control, organizations that employ web-enabled remote access in conjunction with applications access deployed over several networks face various obstacles, including increased operational complexity and monitoring concerns. Organizations spend a vast budget on securing their business. As the industry trend has shifted to intelligent internet-based companies on the same side, the cyber threat has become a challenge for the researcher to find the solution. A systematic research is conducted to fill the gaps in the existing literature by picking the most relevant research papers (126) from the four most reputable online repositories based on the four research questions specified. These research topics aim to evaluate the current situation from many perspectives and provide new avenues for future study to be studied soon to maintain high security and authenticity inside financial sectors of the GCC’s countries.

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“…Moreover, none of the board characteristics had a significant association with firms' performance according to either Tobin's Q or ROA, and the authors stated that their findings were consistent with the findings of several studies conducted in developing countries. Other studies have examined the influence of boards' characteristics and compositions on certain strategic practices and decisions, such as the impact of BOD features and composition on sustainability practices and reporting (Amin et al, 2020;Kouaib et al, 2020;Latif et al, 2020;Liu et al, 2020;Uyar et al, 2020), financial reporting and disclosure (Abdelqader et al, 2021;Elmagrhi et al, 2021;Hashim and Devi, 2008), tax evasion and tax compliance (Hoseini et al, 2019;Lanis et al, 2019;Lastiati et al, 2020), and many others financial decisions, such as those concerning payout policies (Elmagrhi et al, 2017). Following these streams of research, researchers have recently started to consider the impact of BOD structures on firms' performance in specific sectors, arguing that strategic IJPPM 73,2 decision-making may differ greatly due to different variables, circumstances and conditions, and the sensitivity of those sectors to local and global changes.…”

Section: Introductionmentioning

confidence: 99%

Hospitality and tourism firms' board characteristics, board policies and tourism sector performance: what is the nexus?

Nimer

Kuzey²,

Uyar³

2023

IJPPM

Self Cite

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PurposeThis study investigated the micro–macro link in the hospitality and tourism (H&T) sector, specifically considering whether the gender diversity, independence and board attendance rates of H&T firms' boards, alongside the moderation effect of board policies, played a significant role in tourism sector performance.Design/methodology/approachThe 2011–2018 data were retrieved from the World Bank and the Thomson Reuters Eikon databases, and fixed effects panel regression was conducted.FindingsWhile female directors were a significant driver of tourism sector performance in terms of tourist arrivals and tourism receipts, independent directors were effective in improving tourist arrivals only. Furthermore, moderation analyses demonstrated the inefficacy of board policies in enhancing these directors' contributions to the sector's development. Moreover, the findings revealed the inefficiency of board meetings.Practical implicationsConcerning the efficacy of board policies, the results suggest that firms' boards should review and revise their policies. Surprisingly, while board-diversity policies made no difference to female directors' role in the sector's development (although females were influential), board-independence policies produced unexpected results. In the absence of a board-independence policy, independent directors are influential, but if a policy exists, they are not.Originality/valueAlthough prior firm-level studies tested whether board characteristics enhanced firms' performance in the H&T sector, they did not investigate whether board characteristics promoted tourism sector performance. Moreover, the moderating effect of board policies on boards' structures and tourism sector performance has not yet been examined.

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IFRS compliance in GCC countries: Do corporate governance mechanisms make a difference?

Abstract: The University of Gloucestershire accepts no liability for any infringement of intellectual property rights in any material deposited but will remove such material from public view pending investigation in the event of an allegation of any such infringement. PLEASE SCROLL DOWN FOR TEXT.

Cited by 16 publications

References 79 publications

Do professional shareholders matter for corporate compliance with IFRS reporting requirements: the moderating effect of board independence

Do professional shareholders matter for corporate compliance with IFRS reporting requirements: the moderating effect of board independence

Transforming the Capabilities of Artificial Intelligence in GCC Financial Sector: A Systematic Literature Review

Hospitality and tourism firms' board characteristics, board policies and tourism sector performance: what is the nexus?

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