Impact of corporate governance framework on the organizational performance

Changezi, Nadia Ishaq; Saeed, Abubakr

doi:10.9790/487x-16127378

Cited by 7 publications

(4 citation statements)

References 12 publications

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“…The study of Changezi and Saeed (2014) document that corporate governance is a key foundation of organizations to be more productive, governed and controlled, and as such different stakeholders contribute immensely to the function and process of financial reporting. In many companies, financial reports are based on the decisions of corporate governance actors although they go further to authenticate recorded information as provided by the financial reports.…”

Section: Literature Review 21 Theoretical Foundationmentioning

confidence: 99%

Corporate governance, internal audit quality and financial reporting quality of financial institutions

Kaawaase

Nairuba

Akankunda

et al. 2021

AJAR

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PurposeThe purpose of this study is to establish the relationship between corporate governance attributes (board expertise, board independence and board role performance), internal audit quality and financial reporting quality using evidence from Uganda's financial institutions.Design/methodology/approachThis study research design is cross sectional and correlational. The study used a questionnaire survey of Chief Finance Officers, Senior Accountants and Internal audit managers of financial institutions in Uganda. Data were analyzed with the help of Statistical Package for Social Sciences.FindingsResults indicate that board expertise and board role performance are significantly associated with financial reporting quality. Also, internal audit quality is significantly associated with financial reporting quality. Board independence is not a significant predictor of financial reporting quality.Originality/valueThis paper provides insights of what matters for financial reporting quality in Uganda's financial reporting quality. It uses the qualitative characteristics of financial statements to measure financial reporting quality. This paper focuses mainly on the conceptual framework developed by the International Accounting Standards Board.

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Section: Literature Review 21 Theoretical Foundationmentioning

confidence: 99%

Corporate governance, internal audit quality and financial reporting quality of financial institutions

Kaawaase

Nairuba

Akankunda

et al. 2021

AJAR

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“…This study focuses on how governance influences accuracy and the QFR. Governance is deemed essential for financial institutions and banks to enhance productivity, management, and regulation (Changezi and Saeed 2014). Consequently, various stakeholders significantly influence the conduct and implementation.…”

Section: H1mentioning

confidence: 99%

The Moderating Role of Corporate Governance on the Associations of Internal Audit and Its Quality with the Financial Reporting Quality: The Case of Yemeni Banks

Senan

2024

JRFM

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This study investigates the moderating effect of corporate governance on the associations of the internal audit and quality of the internal audit with the quality of financial reporting among commercial banks in the Republic of Yemen. The final sample includes 210 internal auditors, heads of internal auditors, chairpersons, and members of audit committees. Using a survey-based methodology, the results of the Smart-PL4 analysis showed a positive association between the internal audit and quality of the internal audit and quality of financial reporting. Interestingly, the results showed an insignificant association between the internal audit, quality of the internal audit, and quality of financial reporting when considering the moderating effect of corporate governance. It is worth noting that the results confirm the existence of a positive relationship between the internal audit, quality of the internal audit, and quality of financial reporting. This confirms the importance of the internal audit and quality of the internal audit in enhancing the quality of financial reports and instilling confidence in improving internal control processes and the financial reporting framework. Among the study’s many contributions are that it enhances current research on the interrelationship between internal auditing, quality of internal audits, and quality of financial reporting. It highlights the pivotal role of the internal audit, its effectiveness, and its ability to improve the quality of financial reports. This study calls for more stringent internal controls and posits that strengthening the internal audit and quality of the internal audit, along with improving corporate governance, can enable managers to raise financial reporting standards in banks. It also provides a mechanism for audit committees to monitor internal audit processes and evaluate internal performance.

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“…Corporate governance: Definition: Corporate governance definitions varies from a narrow scope of ownership structures to a wider scope which defines the other dimensions of corporate governance such as Board of Directors size and composition, risk management practices, executive compensation and rules and regulations of organizations (Changezi and Saeed, 2013). Corporate governance is a system by which companies are directed and controlled (Cadbury Committee, 1992).…”

Section: Literature Reviewmentioning

confidence: 99%

Can Sound Corporate Governance Alleviate Corporate Failure? A Study of the Zimbabwean Financial Services Sector

Dlamini

Tapera

Chivasa

2017

JEBS

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This study, using the Ordinary Least Squares (OLS) Regression Model, investigated the extent to which good corporate governance practices can minimise or alleviate corporate failure in the Zimbabwean Financial Services Sector. The results of the study reflected that sound corporate governance has a positive effect on corporate success and can alleviate corporate failure. It is thus recommended that financial institutions continuously adhere to sound corporate governance practices to guarantee corporate success and alleviate the collapse of financial institutions as has been witnessed in the past. The findings of the study will assist policy makers, regulators and players in the financial services sector to adhere to sound corporate governance practices, given its impact on corporate success. Further research could be carried out with regards the implementation of sound corporate governance in parastatals, quasi-government institutions and private sector companies in other sectors other that the financial services sector and how it can be monitored or enforced.

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Impact of corporate governance framework on the organizational performance

Abstract: This

Cited by 7 publications

References 12 publications

Corporate governance, internal audit quality and financial reporting quality of financial institutions

Corporate governance, internal audit quality and financial reporting quality of financial institutions

The Moderating Role of Corporate Governance on the Associations of Internal Audit and Its Quality with the Financial Reporting Quality: The Case of Yemeni Banks

Can Sound Corporate Governance Alleviate Corporate Failure? A Study of the Zimbabwean Financial Services Sector

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