The effect of CEOs’ characteristics on forward-looking information

Alqatamin, Rateb Mohammad; Aribi, Zakaria Ali; Arun, Thankom

doi:10.1108/jaar-03-2016-0027

Cited by 34 publications

(32 citation statements)

References 100 publications

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“…ABOD has insignificant association with company value. This result appears to be consistent with Alqatamin et al (2017) and Arun (2017), which stated that there is insignificant relationship between BBOD and company value. Thus, this result does not support the related hypothesis and the study of (Field et al, 2013).…”

Section: Resultssupporting

confidence: 91%

“…The size of board of directors is calculated with the number of board of directors members (Hoseini, Gerayli, and Valiyan, 2019). The age of board of directors is measured by the difference among board of directors' date of birth and the year of this study (Alqatamin et al, 2017). The activities of board of directors is proxied as the proportion of multiple appointments of board of directors in other companies (Virk, 2017).…”

Section: Methodsmentioning

confidence: 99%

“…Company growth is measured by the sales of this year less the sales of last year and then divided by the sales of last year (Mak and Kusnadi, 2005). Company leverage is a leverage ratio, which is proxied by using total debt divided by total assets (Alqatamin et al, 2017). Multivariate regression analysis is applied to analyze the data (Gujarati, 1995)…”

Section: Methodsmentioning

confidence: 99%

See 2 more Smart Citations

The Effect of the Board of Directors’ Characteristics on Company Value

Yeni¹,

Melmusi²,

Wulandari³

et al. 2020

Proceedings of the 8th International Conference on Entrepreneurship and Business Management (ICEBM 2019) UNTAR

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This study aims to analyze the influence of the characteristics of the board of directors on company value. The characteristics of the board of directors are measured by size, age, and activities on company values. The samples of this research were taken randomly from 266 companies listed in the Indonesia Stock Exchange during 2011-2017. The results of this study indicate that the size of board of directors has a negative and significant effect on company value. However, age and activities of the board of directors and company growth do not have a significant effect on company value. Meanwhile, company leverage has a positive and significant effect on company value.

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Section: Resultssupporting

confidence: 91%

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

See 1 more Smart Citation

The Effect of the Board of Directors’ Characteristics on Company Value

Yeni¹,

Melmusi²,

Wulandari³

et al. 2020

Proceedings of the 8th International Conference on Entrepreneurship and Business Management (ICEBM 2019) UNTAR

View full text Add to dashboard Cite

show abstract

“…There is a number of studies that examine FLD in developing countries (Aljifri and Hussainey 2007;Aljifri et al 2013;Alqatamin et al 2017;Elgammal et al 2018;Mousa and Elamir 2018;Al Lawati and Hussainey 2020). They find that some company characteristics (such as, company size, leverage and profitability) affect the level of FLD.…”

Section: Literature Reviewmentioning

confidence: 99%

Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions?

Lawati

Hussainey

Sagitova

2021

Rev Quant Finan Acc

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We examine the impact of audit committee (AC) characteristics (e.g. AC foreign members, AC female members, AC members with multiple directorships, AC members with share ownership and AC with financial and supervisory expertise) on forward-looking disclosure (FLD) quality and quantity. Using a sample of Omani financial companies listed on Muscat Securities Market over a five-year period (2014–2018), we find that a number of AC characteristics (such as AC size, AC female members and AC with multiple directorships) improve FLD quality. We make no such observation for FLD quantity. The results suggest that the responsibility of AC extends to improving the quality of FLD. We provide an additional analysis on the impact of AC effectiveness (ACE) on FLD quality, which suggests that companies’ compliance with CG code is beneficial for disclosure quality. We also find that the impact of ACE on FLD quality is influenced by corporate performance, leverage and the quality of external auditors. Our findings carry implications for the regulatory bodies’ efforts in encouraging companies to improve disclosure quality by considering AC characteristics as well as appointing more effective AC directors.

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“…Prior literature had provided evidence that more informative stock prices are found as a result of the precise disclosure of forwardlooking information and are more capable to improve stockholders" ability to make earnings" predictions about the future (An et.al., 2011;Abad and Bravo, 2018;Arya et al, 2017). Alqatamin et al, (2017) investigated that companies with good CG made more voluntary disclosures, that caused stock prices to react faster than their counterparts with poor CG. (Wang and Hussainey 2013) added in this respect that firms having strong CG better disclosed forward-looking information that improve the stock exchange market"s capability in forecasting the future earnings.…”

Section: Drmohamed Samy El-deeb Lamis Mustafa Elsharkawymentioning

confidence: 99%

تأثیر خصائص مجلس الإدارة علی الإفصاح عن المعلومات المستقبلیة دلیل من بورصة الأوراق المالیة المصریة (باللغة الانجلیزیة)

الدیب¹,

الشرقاوی²

2019

مجلة الاسکندریة للبحوث المحاسبیة

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Purpose -The paper aims to empirically test the impact of the corporate governance mechanisms related to the board characteristics on the forward-looking disclosures of companies listed in the Egyptian stock market.Design/methodology/approach-This study used Board size, Board independence, Board CEO duality, and gender diversity as measures for corporate governance mechanism in relation to the board characteristics. Forward looking disclosures were investigated using a checklist that included 24 items distributed over 4 categories of disclosure (1-environment around the company, 2-Goals, strategies and business policies, 3-organization, management and corporate structure and 4-Financial issues) through a content analysis where a score was calculated by adding the sum of disclosed items in the company"s annual report and then divide them by the total number of items. Two control variables were used: firm size which was measured by the natural logarithm of total assets and auditor type which is a dummy variable taking a value of 0 for non-Big 4 audit firms and 1 for Big 4). The sample included the most active 30 companies (EGX30) in the Egyptian stock exchange market covering the period from 2010 till 2017. Data were analyzed using regression analysis.The Impact of Board …….… 2 FindingsThe research findings showed a positive significant correlation between that CEO duality and the forward-looking disclosure, and a negative significant correlation between Board gender diversity and the disclosure of forward-looking information. The content analysis results for the company"s annual reports indicated that management is disclosing more qualitative forward-looking disclosures than the quantitative forward-looking disclosures. In addition, results showed that the auditor type and board company size have a positive impact on the disclosure of the forward-looking information. In contrast, the results did not show a significant correlation between board independence and the board size with the disclosure of the forward-looking information. Research QuestionsThis research aims to provide answers to the following main question: Q1. Is there a significant correlation between the board characteristics and disclosure of forward-looking information?The main question can be divided into the following sub-questions:Q1a. Is there a significant correlation between the board size and disclosure of forward-looking information?Q1b. Is there a significant correlation between board independence and disclosure of the forward looking information?Q1c. Is there a significant correlation between duality of CEO and disclosure of the forward looking information?Q1d. Is there a significant correlation between gender diversity of the board and disclosure of the forward looking information?

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The effect of CEOs’ characteristics on forward-looking information

Cited by 34 publications

References 100 publications

The Effect of the Board of Directors’ Characteristics on Company Value

The Effect of the Board of Directors’ Characteristics on Company Value

Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions?

تأثیر خصائص مجلس الإدارة علی الإفصاح عن المعلومات المستقبلیة دلیل من بورصة الأوراق المالیة المصریة (باللغة الانجلیزیة)

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