Corporate Governance Practices and Firm Performance in Emerging Markets: Empirical Insights from India and Gulf Countries

Al‐ahdal, Waleed M.; Almaqtari, Faozi A.; Tabash, Mosab I.; Abdullah, Abdulwahid Ahmed Hashed; Yahya, Ali T.

doi:10.1177/09722629211025778

Cited by 15 publications

(5 citation statements)

References 52 publications

(58 reference statements)

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“…The variance inflation factor was computed for all variables and each model to test for multicollinearity. As also shown in Table 3, the means of the data are less than 10, which indicates that there are no multicollinearity problems (Gujarati and Sangeetha, 2007;Al-ahdal et al, 2021).…”

Section: Heteroscedasticity Autocorrelation and Multicollinearity Testsmentioning

confidence: 73%

Impact of audit committee characteristics and external audit quality on firm performance: evidence from India

Al‐ahdal

Hashim

2021

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Purpose The purpose of this paper is to analyse the influence of audit committee characteristics and external audit quality on the performance of non-financial public limited companies listed on the National Stock Exchange 100. Design/methodology/approach One-way random effect panel data regression was applied to 74 non-financial firms in the Nifty 100 from 2014 until 2019. The overall audit committee index and external audit index were built based on the new Indian Companies Act, 2013 and on a review of the literature to capture the impact of the new Act on firm financial performance. Findings The outcome of the study revealed that there is lack of evidence to show that audit committee characteristics improve the performance of top Indian non-financial listed firms. However, external audit quality was found to have a significant positive impact on the financial performance of firms as measured by Tobin’s Q, while firm size and leverage were found to have a significant impact on the financial performance of firms as measured by return on assets and return on equity. Practical implications This paper will be greatly beneficial for financial practitioners and policymakers because it provides practical suggestions and recommendations about the types of external audit that are indispensable for the overall effectiveness and performance of firms. The study findings may also aid strategic policy formulation and execution for better corporate governance practices for the purpose of profit and wealth maximisation. Originality/value To the best of the authors’ knowledge, to date, no previous research has evaluated the effects of audit committee features and external audit quality on the financial performance of firms in India after the implementation of the new Companies Act, 2013. Hence, this study fills this void in the present literature by examining the overall features of the audit committee and external audit and their impact on firm performance in the setting of India.

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Section: Heteroscedasticity Autocorrelation and Multicollinearity Testsmentioning

confidence: 73%

Impact of audit committee characteristics and external audit quality on firm performance: evidence from India

Al‐ahdal

Hashim

2021

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“…Klapper & Love (2002) further emphasize the significance of good corporate governance practices and credible investor protection in enhancing firm performance in emerging markets. Al-Ahdal et al Al-ahdal et al (2021) note that while earlier research focused on corporate governance in developed countries, there is a growing interest in understanding its impact on firm performance in emerging markets.…”

Section: The Relationship Between Corporate Governance and Financial ...mentioning

confidence: 99%

Corporate Governance Mechanisms and Financial Performance: A Systematic Literature Review in Emerging Markets

Mahmudi

2024

PRODUCTIVITY

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This research investigates the relationship between corporate governance mechanisms and financial performance in emerging markets. Through a systematic literature review approach, researchers analyze various studies that have been conducted to understand the role of board of directors composition, institutional ownership, and financial reporting transparency in influencing company performance. The findings show that a diverse board of directors composition, strong institutional ownership, and financial reporting transparency have a significant impact on a company's financial performance. Apart from that, the relationship between corporate governance and financial performance is also supported by various theories such as agency theory, stewardship and collective action. This research provides a better understanding of the importance of effective governance practices in achieving sustainable financial performance in emerging markets.

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“…Emerging markets, such as India and the Gulf countries, have been at the forefront of adopting and adapting to evolving corporate governance practices. A comparative study by Al-ahdal et al (2023) analyzed the impact of corporate governance practices on the performance of listed firms from these regions. Their findings indicate that Indian companies outperform their counterparts in the Gulf countries in terms of corporate governance practices.…”

Section: Analysis Assessing the Effectiveness Of Adopted Strategies A...mentioning

confidence: 99%

Company Secretarial and Administrative Services in Modern Irish Corporations: A Review of the Strategies and Best Practices Adopted in Company Secretarial and Administrative Services

Onyinyechi Vivian Akagha,

Julie Olajumoke Coker,

Ngozi Samuel Uzougbo

et al. 2023

Int. j. manag. entrep. res

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This study embarked on a comprehensive exploration of the strategies and best practices adopted in company secretarial and administrative services within modern Irish corporations. Set against the backdrop of a rapidly evolving corporate governance landscape, the research aimed to understand the multifaceted roles of company secretaries, the economic ramifications of efficient administrative services, and their legal significance within Ireland's regulatory frameworks. A mixed-method approach, integrating both qualitative and quantitative research methodologies, was employed to delve into the historical evolution and the contemporary challenges faced by administrative services in Irish corporations. Key findings highlighted a paradigm shift in the responsibilities of company secretaries, emphasizing their strategic importance in governance structures. The study also underscored the significance of continuous learning, stakeholder participation, and the integration of technological advancements in enhancing administrative services. The analysis provided a holistic understanding of the challenges faced by company secretaries in Ireland and offered actionable recommendations. These recommendations advocate for a clearer understanding of reporting obligations, fostering a culture of continuous professional development, and leveraging digital solutions to streamline administrative processes. In conclusion, the research offers a roadmap for corporations, regulators, and stakeholders, guiding them towards sustainable growth, profitability, and unwavering stakeholder trust in the realm of corporate governance in Ireland. Keywords: Corporate Governance, Company Secretarial Services, Irish Corporations, Stakeholder Trust.

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Corporate Governance Practices and Firm Performance in Emerging Markets: Empirical Insights from India and Gulf Countries

Cited by 15 publications

References 52 publications

Impact of audit committee characteristics and external audit quality on firm performance: evidence from India

Impact of audit committee characteristics and external audit quality on firm performance: evidence from India

Corporate Governance Mechanisms and Financial Performance: A Systematic Literature Review in Emerging Markets

Company Secretarial and Administrative Services in Modern Irish Corporations: A Review of the Strategies and Best Practices Adopted in Company Secretarial and Administrative Services

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