Audit committee roles, responsibilities and characteristics in Ghana: the perception of 'agency stakeholders'

Kwakye, Teddy Ossei; Owusu, Godfred Matthew Yaw; Bekoe, Rita Amoah

doi:10.1504/ijcg.2018.090620

Cited by 8 publications

(7 citation statements)

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“…As noted by Jensen and Meckling (1976), agency theory pays great attention to the agency problem raised by the conflict between shareholders’ interests (as the principals) and managers’ interests (as the agents). Kwakye et al (2018) show that the separation of ownership and management is what causes the agency problem. Therefore, good practice in corporate governance has been proposed as a vital strategy in controlling and minimizing such conflict and thus preventing any misappropriation of organizational resources (Platt and Platt, 2012; Abousamak and Shahwan, 2018).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The mediating role of intellectual capital in corporate governance and the corporate performance relationship

Shahwan

Fathalla

2020

IJOES

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Purpose This paper aims to investigate the impact of intellectual capital (IC) as a mediator variable on the association between corporate governance (CG) practices and firm performance. This study also examines bi-causality linkages between these variables. Design/methodology/approach The designated corporate governance index and the value-added intellectual coefficient method were used to assess the level of CG practices and the performance of IC. Tobin’s Q (TQ) and operating efficiency ratio were used to measure firm performance. Findings The aggregate CG score has a significant positive impact on the IC and the two measures of firm performance. However, the IC has only a partial mediation effect on the relationship between the aggregate corporate governance score and a firm’s operational efficiency ratio. The IC has partial and full mediation effects in the relationship between the sub-dimensions of corporate governance and the performance of Egyptian corporates. Moreover, a bi-causality relationship can be observed between CG and TQ. Research limitations/implications Generalizing the obtained results would require the sample size to be extended. Practical implications The findings should alert legislative institutions and practitioners of the need to comply with good CG practices and develop the efficiency of IC to elicit a firm’s superior performance. Originality/value This study is one of the first attempts to investigate the causality relationships and the mediation impact of IC on the relationship between CG practices and corporate performance in the Egyptian context.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The mediating role of intellectual capital in corporate governance and the corporate performance relationship

Shahwan

Fathalla

2020

IJOES

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“…The primary concern of the agency theory is to address the agency problem that results from the separation of ownership and control. The majority of the extant research based on this model has emphasized the importance of sound corporate governance processes in mitigating conflicts of interest between principals and agents by taking on a "watchdog" role (Fama & Jensen, 1983a;Hillman & Dalziel, 2003;Jensen, 1993;Kwakye, Owusu, & Bekoe, 2018;Shleifer & Vishny, 1997). As a weak practice of corporate governance according to the agency theory assumption, Jensen (1993) stated that internal control system efficiency and financial performance are enhanced by a smaller board directors.…”

Section: Corporate Governance Theoriesmentioning

confidence: 99%

“…The board of directors is the most significant and dominant component of internal corporate governance, as evidenced by both theoretical and empirical literature. It has been argued that a firm's performance and trust are more likely to improve via the monitoring and resource dependence exerted by a well-structured, independent, and balanced board (Fama & Jensen, 1983a;Kwakye et al, 2018;Yusoff & Alhaji, 2012). Nevertheless, there is controversy within the theoretical and empirical literature about the ideal size of the board (e.g., (Hillman & Dalziel, 2003;Jensen, 1993)).…”

Section: Board Characteristicsmentioning

confidence: 99%

Does Corporate Governance Constrain Earnings Management in an Unstable Economic and Political Environment?

Hassan

Abousamak

Hijazi

2022

5002

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The purpose of this research is to examine the effects of corporate governance structures on earnings management behavior in a weakly governed and politically unstable environment. A panel of data from 35 non-bank companies listed on the Palestine Exchange between 2012 and 2019 was employed. A fixed effects regression model was used to examine the impact of certain board characteristics (board size, board meetings, and audit committee formation) and ownership structures (institutional ownership, foreign ownership, and ownership concentration) on earnings management in the volatile and risky political and economic environment of Palestine. The findings indicate that corporate governance and ownership systems in Palestine appear to be ineffective in constraining earnings management practices. None of the board attributes appear to constrain earnings management practices. However, there is weak evidence to show that ownership concentration has some effect in curbing earnings manipulation. The findings of this study are expected to increase awareness among Palestinian regulators, investors, and other policymakers regarding the role of boards of directors and institutional and foreign shareholders in monitoring Palestinian listed companies to enhance corporate governance and the quality of financial reporting.

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“…Por um lado, alguns demonstram que, em determinadas circunstâncias, a auditoria melhora o risco moral para os investidores (Chen & Liu, 2013) e que uma auditoria externa de qualidade tem um impacto positivo sobre indicadores de performance da empresa (Afza & Nazir, 2013), outros não conseguem confirmar estas hipóteses (Varici, 2013;Shubita, 2021). Entretanto, por mais que exista uma extensa discussão na literatura sobre o papel da auditoria, ainda existem divergências a respeito da função e responsabilidade da auditoria externa, especialmente por parte da sociedade (Sousa, 2016;Castro et al, 2017;Rocha, 2017, Kwakye, Owusu, & Bekoe, 2018Pinto & Prado, 2019).…”

Section: Introductionunclassified

Papel da Auditoria

Silva

Maia

Haveroth

et al. 2021

Rev. Cat. Cien. Cont.

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Como uma forma de reduzir a assimetria informacional e garantir confiabilidade e fidedignidade às informações contábeis, a auditoria ganhou notoriedade. Contudo, há certa discordância na literatura sobre suas funções e responsabilidades, essa discordância advém especialmente da função exercida e o que é esperadao pela sociedade. Diante disso, essa pesquisa objetiva analisar a percepção do público quanto ao papel da auditoria externa. Esta pesquisa caracteriza-se como descritiva e quanti-quali ao analisar informações coletadas através de 501.533 tweets publicados entre 2007 e 2020 que continham a palavra “auditoria” por usuários cujo idioma do perfil é o português. Os resultados obtidos, apesar de não identificarem nitidamente o fenômeno de Audit Expectation Gap, sugerem que a maioria dos usuários que “twetam” sobre a auditoria, o fazem discutindo a auditoria em relação aos recursos públicos e aspectos de cunho político, esse resultado reforça a falta de entendimento das reais funções exercidas pela auditoria. Este estudo contribui ao explorar o conceito de Audit Expectation Gap no contexto brasileiro, fornecendo evidências sobre as expectativas geradas pela opinião pública acerca da profissão de auditoria no ambiente das mídias sociais, onde os comentários são gerados de forma espontânea pelos usuários.

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Audit committee roles, responsibilities and characteristics in Ghana: the perception of 'agency stakeholders'

Cited by 8 publications

References 0 publications

The mediating role of intellectual capital in corporate governance and the corporate performance relationship

The mediating role of intellectual capital in corporate governance and the corporate performance relationship

Does Corporate Governance Constrain Earnings Management in an Unstable Economic and Political Environment?

Papel da Auditoria

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