Effectiveness of Audit Committees in the Turkish Banking Sector

Çatikkaş, Özgür; Alpaslan, Halil İbrahim

doi:10.5901/ajis.2013.v2n11p59

Cited by 4 publications

(3 citation statements)

References 1 publication

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“…An audit committee is an important tool in greater the organizational situation and independence of internal auditing. The audit committee is forecasted to be an informed, wise, and constructive superintendent of the financial reporting process (Catikkas and Alpaslan, 2003). Bromark and Hoffman (1992) stated that the key reasoning of the setting up of the audit committee is to facing the permanent defiance's of business environment, also to assist the board of directors and management to deal with those challenges.…”

Section: Audit Committeementioning

confidence: 99%

The Impact of Audit Committee Characteristics on Environmental and Social Disclosures

Biçer¹,

Feneir

2019

IJRBS

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The main reasons for corporate participation in environmental and social disclosure are stability, development, and continuity through participation in protecting the environment and optimizing the use of available resources. As well as the company practices and participation in society of the most important means to create a good image of the company in the community. There is a rise demand for companies to take accountability for their environmental and societal impacts. A core role of the Audit Committee (AC) is to help the board of directors in overseeing the company's reporting policy and oversees the quality of financial reporting in the company. This study examined the impact of audit committee characteristics on the level of environmental and social disclosures in listed banks in Borsa Istanbul. The results of the study showed that there is no statistically significant relationship between the characteristics of the audit committee and the environmental and social disclosures. Consequently, these characteristics have no effect on the volume or type of disclosure and their inability to predict them.

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Section: Audit Committeementioning

confidence: 99%

The Impact of Audit Committee Characteristics on Environmental and Social Disclosures

Biçer¹,

Feneir

2019

IJRBS

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“…To differentiate financial distress from healthy firms, first, we followed the study of Çatikkaş Dumlu and Sariçam (2010). Thus, we measure financially distressed firms using a negative ROA and a positive ROA for healthy firms.…”

Section: Methodsmentioning

confidence: 99%

Corporate governance mechanisms and corporate performance of firms in Nigeria and Ghana

Coleman

2020

IJPPM

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PurposeThis study investigates the impact of corporate governance (CG) mechanisms with inclusion of compliance and diligence index on corporate performance (CP) of firms in Nigeria and Ghana. It further examines the moderating effect of financial distress on the relationship between CG and CP.Design/methodology/approachThe study used panel data of 102 nonfinancial listed firms of Nigeria and Ghana stock exchange for the period 2012–2016 with total observation of 510. The study first used OLS in estimating the influence of CG mechanisms on CP. Due to multicollinearity in the independent variables, ridge regression was employed.FindingsIt was revealed that ownership structure index and board compliance and diligence index, board size, board disclosure, ownership structure, shareholders' right and board compliance and diligence index had positive influence on ROA and ROE. Growth of Tobin's Q depends on board procedure and board compliance and diligence index. Also, financial distress (ZFS) negatively moderates the relationship between board structure index, board disclosure index, board procedure index, shareholders' right and performance (ROA and ROE) but negatively moderates between ownership structure index and Tobin's Q.Practical implicationsThis study provides interesting findings to policymakers in full implementation of CG codes as stated by OCED (2015) by West African firms with greater emphasis on compliance and diligence index since it positively influences all CP measures.Originality/valueThe study provides evidence of the importance of the introduction of the new index: compliance and diligence, which looks at disclosure of CSR activities. This has been overlooked by most researchers especially in Africa in assessing quality CG mechanisms.

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“…Data were extracted from the annual financial reports of 102 non-financial firms, with a total observation of 510, in order to assess the impact of working capital management during the recession period 2012–2016 on financial distress and non-financial distress firms in Nigeria and Ghana. To differentiate financial distress firms from non-financial distress firms, the study of Çatikkaş and Sariçam (2010) was followed, according to which a negative ROA represents financial distress while a positive ROA represents financially non-distressed firms. A dummy value of ‘1’ represent financial distress firm if firm’s financial leverage is in the top two deciles for its industry in year-quarter t, q - 1 and otherwise ‘0’ for non-financially distress firm (Tsuruta, 2019).…”

Section: Methodsmentioning

confidence: 99%

Combination of Ant Colony Optimization and K-nearest Neighbours: The Influence of Working Capital Management on Corporate Performance

Coleman

2020

Management and Labour Studies

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Purpose: This study looked at the influence of working capital management on firm performance using both accounting measure (ROE) and market measure (Tobin’s q) of firms listed in Nigeria and Ghana. Design/methodology/approach: The study used ant colony optimization (ACO) and k-nearest neighbours (KNN) in establishing the long-term effect of working capital management on corporate performance. Data were extracted from annual financial reports of non-financial companies listed on the Nigeria and Ghana stock exchanges for the recession period 2012–2016, with a total observation of 510. Findings: ACO was applied to determine the working capital management variables that influence corporate performance, and KNN predicted its longitudinal influence, which, in our view, has not been deeply researched. It was discovered that non-financial firms in the period of economic crises manage the account receivables and payables, as well as cash conversion cycles, maintaining optimum working capital for efficient operational activities. It is therefore assumed that these firms are exposed to external and other sources of finance, which enables them to increase investment in working capital, preventing the risk of low production hindering firms from settling debt, as well as customers, leading to the collapse of many firms in this region and accounting for an increase in the unemployment rate. Research limitations/implications: This study will inform corporate management and policymakers on the effect of economic crises on the performance of firms in the management of working capital to achieve desirable accounting and market performance. The ability of a firm to manage working capital during boom and recession periods enhances maximization of shareholders’ wealth. Originality/value: This study will alert policymakers to the urgency in setting up appropriate policies to address pertinent issues regarding longitudinal influence of economic crises on firm continuity and value. JEL Code: M4

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Effectiveness of Audit Committees in the Turkish Banking Sector

Cited by 4 publications

References 1 publication

The Impact of Audit Committee Characteristics on Environmental and Social Disclosures

The Impact of Audit Committee Characteristics on Environmental and Social Disclosures

Corporate governance mechanisms and corporate performance of firms in Nigeria and Ghana

Combination of Ant Colony Optimization and K-nearest Neighbours: The Influence of Working Capital Management on Corporate Performance

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