The Effect of Oil Price Shocks on Saudi Arabia’s Economic Growth in the Light of Vision 2030 “A Combination of VECM and ARDL Models”

Elneel, Faiez Ahmed; AlMulhim‎, Abdullah Fahad

doi:10.1007/s13132-021-00841-7

Cited by 5 publications

(1 citation statement)

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“…The selection of Saudi Arabia was based on the country's unique qualities. Firstly, in recent years, Saudi Arabia has witnessed the development of non-financial sectors and an increase in both domestic and foreign investment rates (Elneel and AlMulhim 2022), which has increased the demand for timely audit reports. Secondly, non-financial information in emerging markets, such as Saudi Arabia, is frequently limited, and the analysts' forecasts are insufficiently developed, which places a premium on the financial information provided by companies and its timeliness (Aljaaidi et al 2019;Gamra et al 2022).…”

Section: Introductionmentioning

confidence: 99%

Does Audit Committee Busyness Impact Audit Report Lag?

Alsheikh

2023

IJFS

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We investigate the effects of both the busyness of audit committee (AC) members and the busyness of audit committee chairs on audit report lag (ARL) among Saudi non-financial firms between 2018 and 2021. In this study, a sample comprising a total of 515 firm-year observations from 140 non-financial firms was used. Measures for the busyness of the AC members and AC chairs, as well as a measure for the ARL, were derived from the previous literature to examine these relationships in Saudi Arabia. Our findings, based on two regression models and random effect estimates, suggest that both the busyness of AC members and the busyness of the AC chairs have positive and significant effects on the ARL. In addition, robustness checks using a different measurement of ARL as well as tests for fixed effect and pooled ordinary least square (OLS) were conducted, and the results confirm our findings. Finally, our findings can help regulators, policymakers, and auditors improve the timeliness of financial information disclosure by Saudi non-financial firms, and they can be expanded to include Gulf Cooperation Council (GCC) nations.

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Section: Introductionmentioning

confidence: 99%