Corporate Governance Structure and Performance of Malaysian Listed Companies

Haniffa, Roszaini; Hudaib, Mohammad

doi:10.1111/j.1468-5957.2006.00594.x

Cited by 736 publications

(857 citation statements)

References 90 publications

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“…In GCC countries, some firms did not succeed in laying down comprehensive guidelines identifying the audit committee's function (Al-Qarni, 2010). This finding clashes with the prediction of the economic theory and the behavioral theories integration and point to the less significant behavioral problems and culture in the responsibilities of the audit committee (Haniffa and Hudaib, 2006;Woodworth and Said, 1996).…”

Section: Logistic Regression Analysis Resultsmentioning

confidence: 57%

“…This finding is reflected in the descriptive statistics (Table 2). The result could indicate to the importance of behavioral issues and culture of board of directors in corporate governance that inevitably have substantial impacts on the development of financial markets that fosters independent auditing (Haniffa and Hudaib, 2006;Woodworth and Said, 1996) in a manner that the higher the board of directors effectiveness, the higher they become unsatisfied with the previous auditors' services. So that they change either to a higher audit quality or they remain with the same audit quality level as 62% of the sample size remained with the same audit quality level and 20% changed to a higher audit quality level.…”

Section: Logistic Regression Analysis Resultsmentioning

confidence: 99%

“…In addition, Mona (1986) reported that the "Arab manager lives and works within a social structure where family and friendship dominate attitudes." In particular, Haniffa and Hudaib (2006) found that GCC countries' societal structure increases nepotism and cronyism, and results in limited professionalism in most significant institutions, including the auditing profession. GCC countries' nationals, generally, are influenced by tribal and sectarian affiliation.…”

Section: Introductionmentioning

confidence: 99%

“…In light of these deficiencies, auditor change issues seem to require further empirical investigation. Haniffa and Hudaib (2006) reported that a paucity of research exists concerning audit function in the GCC. Little is known, and many questions remain unanswered, about audit markets in the GCC.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Internal corporate governance mechanisms and audit quality: Evidence from GCC region

Hassan¹,

Aljaaidi²,

Abidin³

et al. 2018

Int. j. adv. appl. sci.

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Using the suggestions of agency theory alone for predicting the auditor change behavior in the context of GCC countries is inappropriate because they were developed in countries with mature market-oriented economies. In this study, we examine the association of board of directors effectiveness (board of directors independence, size, financial expertise, meetings, nationality, international experience and CEO duality) and audit committee effectiveness (audit committee independence, size, financial expertise, meetings, nationality and international experience) with the incidence of auditor change among Gulf Cooperation Council (GCC) public listed companies for the period 2005-2010. We posit that using an integration framework of agency theory, managerial grid theory, and attractionselection-attrition has more explanatory power to predict auditor change behavior in GCC setting, taking into account economic and behavioral issues. The results show that only board of directors' effectiveness is significantly associated with the incidence of auditor change. This study finds out that the economic and the behavioral activities are related to the audit demand in the GCC. Moreover, the study suggests that regulators, especially GCC stock exchanges, should force companies to disclose all relevant information related to auditor change in a transparent and timely manner, and increase law enforcement to enhance good corporate governance practices. For companies, this study proposes that they should put more emphasis on enhancing the role and the quality of the board of directors and audit committee members, as they are involved in the decision of auditor change.

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Section: Logistic Regression Analysis Resultsmentioning

confidence: 57%

Section: Logistic Regression Analysis Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Internal corporate governance mechanisms and audit quality: Evidence from GCC region

Hassan¹,

Aljaaidi²,

Abidin³

et al. 2018

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

show abstract

“…The reforms form a considerable part of the country's economic reforms and their setting up was urged by the emphasis laid on corporate governance following the collapse of Enron and WorldCom in the developed countries and the 1997/1998 Asian economic crisis (Haniffa & Hudaib, 2006;Hussainey & Al-Najjar, 2012). In this background, the capital markets smooth functioning requires the participants' confidence in the corporate governance system.…”

Section: Corporate Governance Structure In Saudi Arabiamentioning

confidence: 99%

Corporate Governance, Ownership Structure and Stock Market Liquidity in Saudi Arabia: A Conceptual Research Framework

Alsahlawi

Ammer

2017

AFR

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This paper aimed to provide a review of the literature concerning the effects of corporate governance and ownership structure on the devices of market microstructure. It provided a clear overview of empirical archival studies in literature regarding the way corporate governance and ownership structure mechanisms influence market liquidity, with focusing on the Saudi institutional setting. It aimed to pinpoint the differences and similarities in empirical outcomes of studies and determine the areas that call for further exploration. On the basis of the thorough review of literature and the theoretical basis, our study proposed a conceptual research framework. The framework is based on the premise that effective corporate governance can lead to enhanced disclosure quality, which in turn, lead to mitigating the information asymmetry and ultimately, enhanced market liquidity. Although theoretical studies argued the presence of the relationship between corporate governance, ownership and liquidity, we find that outcomes from empirical studies are still mixed. Majority of extant studies, with majority in the context of the U.S. firms, provide ambiguous results, making it challenging to reconcile the differences among them. Our paper provides important guidance for both new and experienced researchers, and it has implications for stock exchange authorities in terms of adopting effective regulatory policies and efficient trading systems to tackle information asymmetry.

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Corporate social responsibility oriented boards and triple bottom line performance: A meta‐analytic study

Zubeltzu‐Jaka,

Álvarez‐Etxeberria,

Aldaz‐Odriozola

2023

Bus Strat Dev

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In this article, we aim to investigate the effect of corporate social responsibility (CSR)‐oriented boards on triple bottom‐line (TBL) performance and whether internal corporate governance exhibits a facilitating role in achieving the sustainable development goals by enhancing the performance indicators of the TBL. Specifically, this article aims to shed light on this issue by meta‐analyzing the relationship between good governance and both social and financial performance, using a global sample to facilitate this analysis taking into account the incidence of the institutional characteristics of different countries and their impact on the relationship studied, by means of eight meta‐analyses. For this purpose, we conducted a meta‐analytic study on a sample of 289 articles published between 1997 and 2021. The results show that CSR‐oriented boards have a direct effect on corporate social performance (CSP) indicators and that their impact on financial outcomes is mediated by CSP strategies. Board size, gender diversity, and board independence present a facilitator profile of CSP, while only gender diversity enhances financial outcomes. The influence of CSR‐oriented boards is more acute in countries with greater protection for stakeholders and stronger environmental awareness.

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Corporate Governance Structure and Performance of Malaysian Listed Companies

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Cited by 736 publications

References 90 publications

Internal corporate governance mechanisms and audit quality: Evidence from GCC region

Internal corporate governance mechanisms and audit quality: Evidence from GCC region

Corporate Governance, Ownership Structure and Stock Market Liquidity in Saudi Arabia: A Conceptual Research Framework

Corporate social responsibility oriented boards and triple bottom line performance: A meta‐analytic study

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