The Impact of Internal Corporate Governance on the Timeliness of Financial Reports of Jordanian Firms: Evidence using Audit and Management Report Lags

Daoud, Khaldoon Ahmad Al; Ismail, Ku Nor Izah Ku; Lode, Nor Asma

doi:10.5901/mjss.2015.v6n1p430

Cited by 33 publications

(72 citation statements)

References 46 publications

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“…Independent members of audit committee did not determine the scope of integrated reporting (p > 0.05). In relation to the role of integrated reporting in reducing agency cost, the finding shows that audit committee plays crucial roles in decreasing information asymmetry (Akhtaruddin and Haron, 2010;Al Daoud et al, 2015) and consequently reduce agency costs (Bédard and Gendron, 2010).…”

Section: Findings and Discussionmentioning

confidence: 99%

“…In the agency relationship, audit committee plays an important role in overseeing the implementation of financial policies and accounting firms (Bédard and Gendron, 2010;Ghafran and O'Sullivan, 2013;Li et al, 2012;Dezoort, 1998;Hayes, 2014;Spira, 1998;1999). The audit committee is believed to have a role in reducing information asymmetry (Akhtaruddin and Haron, 2010;Al Daoud et al, 2015) and consequently reduce agency costs (Bédard and Gendron, 2010). Therefore, presentation of integrated reporting cannot be separated from the role of the audit committees.…”

Section: Hypothesis Formulationmentioning

confidence: 99%

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Audit Committee Characteristics and Integrated Reporting:Empirical Study of Companies Listed on the Johannesburg Stock Exchange

Chariri¹,

Januarti²

2017

ERSJ

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This study aims to investigate the effect of audit committee characteristics (audit committee expertise, frequency of audit committee meetings, and audit committee independence) on integrated reporting. Data for this study were gathered from integrated reports of manufacturing companies listed on the Johannesburg Stock Exchanges. Total samples of 58 companies were selected using purposive sampling method. A multiple regression model was then employed to analyze data. The findings showed that the level of integrated reports of the companies met 70% of all required items. In addition, the audit committee expertise and frequency of audit committee meetings positively influenced the level of integrated reports. However, this study did not support the association of independent audit committees and the companies' reports.

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Section: Findings and Discussionmentioning

confidence: 99%

Section: Hypothesis Formulationmentioning

confidence: 99%

Audit Committee Characteristics and Integrated Reporting:Empirical Study of Companies Listed on the Johannesburg Stock Exchange

Chariri¹,

Januarti²

2017

ERSJ

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“…Mohamed Noor et al, 2010; Hassan, 2016, pointed out that many researchers have revealed that larger boards lead to delays in financial reports and auditors (Alsmady, 2018). The size of the Board will be measured in this study by the total number of Directors (Al Daoud, et al, 2015). BORDEL: Board diligence, expressed by the number of meetings held by directors during the financial year (Al Daoud, et al, 2015).…”

Section: Dependent Variablementioning

confidence: 99%

“…The results showed that there is a significant association between board size, board independence, with Audit report lag, but there is a non-significant association between audit firm type and Audit report lag. Moreover, (Al Daoud, et al, 2015) examined the effect of board independence, board size, CEO duality, board diligence, board financial expertise and presence of audit committee also the type of sector on the timing of financial reports for 12 companies listed on the Amman Stock Exchange for the period from 2011 to 2012. The results of the analysis showed that the independence of the board members from the management of the company needs to prepare and the issuance of financial reports less time.…”

Section: Literature Reviewmentioning

confidence: 99%

The Extent to Which the Corporate Governance Characteristics Has Affected the Audit Report Lag in Jordanian Banks

Warrad¹

2018

IJBM

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The business environment has experienced rapid changes with critical implications on organizations in different countries, companies have responded to compete by improving their business management practices and enforcement instructions for the organization of its work and the methods of administration applied there in and work to improve the efficiency and effectiveness of accounting methods and auditing, from while supporting the internal audit departments of the monitoring and follow-up committees for accounting and auditing procedures to achieve transparency and credibility financial statements within their financial reports. There is an urgent need in presently the application of corporate governance on one hand and standards Accounting, Conduct and Ethics Auditing profession on the other hand. Because of the impact on the independence of auditors and increase effectiveness of their performance, as well as their role in evaluating the performance of management in the strengths of companies are through their organization of business and their appearance and weak performance (Al-Beshtawi, 2014). This study seeks to discuss the extent of association between corporate governance characteristics and the audit report lag ARLAG for the listed Jordanian Banks during the period from 2014 to 2016. The study used statistics measurements and tools to clarify the relations and hypotheses. The results found a significant relation between the corporate governance characteristics and audit report lag ARLAG jointly and separately with the board size BORSIZE, board diligence BORDEL, audit committee size ACSIZE and audit committee diligence ACDEL, and the relation was controlled by two variables: return on equity ROE and company size COMSIZE.

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“…The few studies that have been conducted in Jordan were either focused on the family financial firms (Saidat et al, 2019) or companies listed on a particular stock exchange (Mansur and Tangl, 2018). It lacks an examination of the impact of corporate governance, especially board composition on financial institutions" performance (Al Daoud et al, 2015;Abbadi et al, 2016;Al-Momani and Almomni, 2018). To bridge this gap, the study has formulated the following research question;…”

Section: Asian Economic and Financial Reviewmentioning

confidence: 99%

Impact of Corporate Governance on Financial Institutions’ Performance: A Board Composition Case

Bawaneh

2020

Asian Economic and Financial Review

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The impact and implementation of Corporate Governance (CG) has been a matter of interest for various firms, as it substantially affects the financial stability of institutions. This study analyses the impact of Corporate Governance (CG) elements that include board composition on the financial performances of the financial institutions listed on Jordan"s Amman Stock Exchange (ASE). The study population involved 40 Jordanian financial institutions belonging to both commercial banks and financial companies listed on the Amman Stock exchange (ASE). Spearman correlation was used to identify the relationship between corporate governance and financial performance of institutions. It showed an insignificant correlation between board composition in general and companies" financial performance. In the relationship between each board composition factor to each financial performance measure, the study found positive, negative, and mixed correlation results. While analyzing the institution"s performance, any prospective researcher should consider other CG factors so that the study could better represent the CG impact on institutions" performance in developing countries such as Jordan. Contribution/ Originality: This study contributes to the existing literature on the impact of corporate governance on firm performance. Although previous studies have assessed this research area, most studies are centered on the developed countries and large economies, with little to no focus on developing and small economies like Jordan.

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The Impact of Internal Corporate Governance on the Timeliness of Financial Reports of Jordanian Firms: Evidence using Audit and Management Report Lags

Cited by 33 publications

References 46 publications

Audit Committee Characteristics and Integrated Reporting:Empirical Study of Companies Listed on the Johannesburg Stock Exchange

Audit Committee Characteristics and Integrated Reporting:Empirical Study of Companies Listed on the Johannesburg Stock Exchange

The Extent to Which the Corporate Governance Characteristics Has Affected the Audit Report Lag in Jordanian Banks

Impact of Corporate Governance on Financial Institutions’ Performance: A Board Composition Case

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