Family ownership concentration and real earnings management: Empirical evidence from an emerging market

Ghaleb, Belal Ali Abdulraheem; Kamardin, Hasnah; Tabash, Mosab I.

doi:10.1080/23322039.2020.1751488

Cited by 46 publications

(42 citation statements)

References 76 publications

(156 reference statements)

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“…With regards to the control variables, Table 3 indicates that the average direct managerial ownership (MOWN) is 9.525% with a maximum of 71.150% and minimum 0. The average board size is almost 8, and mean board independence (BINDP) is 44%, similar to previous Malaysian studies showing it to be around 45-50% (Ghaleb et al, 2020;Katmon et al, 2019). Regarding company size, which is proxied by market capitalisation (SIZE), there is considerable variation, ranging from RM8.6 million to RM77.6 billion with a mean of RM2.2 billion.…”

Section: Descriptive Statisticssupporting

confidence: 78%

Institutional investor heterogeneity and analyst recommendation: Malaysian evidence

Qasem

Aripin

Wan‐Hussin

et al. 2021

Cogent Business & Management

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This study investigates the association between institutional investors' ownership and sell-side analysts' stock recommendations in the context of the heterogeneous nature of institutional investors. Based on a sample of 281 Malaysian public listed companies over the period 2008-2013 (732 company-year observations), we find a significant positive relationship between institutional ownership, in particular ownership held by privately managed institutional investors and sell-side analysts' stock recommendations, but no significant relationship between state owned institutional investors and sell-side analysts' stock recommendations. This suggests that the relationship between institutional investors and analysts' stock recommendations are different among different types of institutional investor. Our results are robust to tests for potential endogeneity between institutional ownership and analysts' stock recommendations.

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Section: Descriptive Statisticssupporting

confidence: 78%

Institutional investor heterogeneity and analyst recommendation: Malaysian evidence

Qasem

Aripin

Wan‐Hussin

et al. 2021

Cogent Business & Management

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“…For the element of auditor type, the mean was 0.525, indicating that about 53 per cent of the sampled companies commissioned the Big 4 for audits, while the remaining 47 per cent were audited by non-Big 4. This result is in line with the results of AlQadasi, Abidin, and Al-Jaifi (2018), AlQadasi and Abidin (2018) and Ghaleb et al (2020), who have reported that 52 per cent, 53 per cent and 54 per cent, respectively, of their sampled companies to be audited by Big 4 auditing entities. This suggests that Bursa Malaysia companies tend to hire more specialised and qualified auditors to guarantee quality audit and financial reports.…”

Section: Descriptive Statisticssupporting

confidence: 90%

Audit Committee Chair Attributes and Audit Report Lag in an Emerging Market

Al-Qublani¹,

Kamardin²,

Shafie³

2020

IJFR

Self Cite

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This study is motivated by the new listing requirement of Bursa Malaysia (formerly known as Kuala Lumpur Stock Exchange, KLSE) concerning the shorter timeframe of annual report release. Similarly, the call for future research on the efficacy of audit committee chair (ACC) attributes with audit report lag (ARL) has further driven this study. Therefore, this paper aimed to analyse the relationship between the ACC expertise and ACC tenure with the ARL of companies in the Main Market of Bursa Malaysia in 2015 using a sample of 139 companies. Furthermore, other audit committee (AC) attributes such as AC overlap and AC independence were also examined. Results of the study revealed an average of 95 days is required by the companies to conclude their respective audit reports. ACC with accounting expertise enhanced the ARL, whereas AC overlap and AC independence did not reduce the ARL. Concurrently, other control variables like AC size, frequency of AC meetings, firm size, leverage, and profitability depicted significant relationship with the ARL. Hence, this research is relevant to the current ARL literature via the provision of evidence and justification regarding the important role of ACC with accounting expertise towards the AC effectiveness, thus enhancing the timelines of financial reporting.

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“…Previous studies suggest that it is important to control for company characteristics when examining CSR disclosure (Kansal et al, 2014;Ting, 2020;Wachira et al, 2019). Several variables that may affect CSR disclosure are therefore controlled for in the model: ownership concentration (OWC) (Crifo et al, 2016); audit fees (AFEE) (Chen et al, 2016); return on assets (ROA); market to book ratio (MTB); company size (CSIZE) (Ghaleb et al, 2020b); and debt ratio (DEBT). The regressions also include sector type and year indicator variables to further control for any industry and year effects.…”

Section: Independent and Control Variables Measurementmentioning

confidence: 99%

“…We winsorise all variables that have extreme values to overcome the effect of the outlier (Harper & Sun, 2019): CSRDL = CSR disclosure level; β 0 = Intercept; β 1-11 = Variables coefficients; Year is the period of study; and є = Error term (see Table 2 for variables definitions). Barakat et al, 2015;Ghaleb et al, 2020a;Ghaleb et al, 2020b;Khan et al, 2013;Madi et al, 2014;Setiany et al, 2017;Ting, 2020) AC size ACSIZE…”

Section: Model Specificationmentioning

confidence: 99%

Audit Committee Features and CSR Disclosure: Additional Evidence From an Emerging Market

Qaderi

Alhmoud

Ghaleb

2020

IJFR

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This study aims to measure the level of corporate social responsibility disclosure (CSRDL) in an emerging market, Jordan. It also aims to investigate the effect of audit committee (AC) features on CSRDL. The study’s data, obtained from annual reports, comprises 576 company-year observations from industrial and services companies listed on the Amman stock exchange for the period 2011 to 2016. Content analysis is used to measure CSRDL, and multiple regression techniques to test the proposed relationships. The results show that CSRDL among Jordanian listed companies is low, suggesting that companies have less incentive to disclose CSR practices. Additionally, AC independence and AC ownership positively influence CSRDL. The findings from this research have limited generalisability due to the specific characteristics of the sample, which is from a developing country. However, they have implications and value for policymakers and different stakeholders interested in improving CSR initiatives. The findings are also significant in reducing agency costs and enhancing corporate transparency. Within the limits of the authors’ knowledge, this research is among the first to provide preliminary evidence on the effect of AC features on CSR disclosure in an emerging market context, specifically in Jordan.

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Family ownership concentration and real earnings management: Empirical evidence from an emerging market

Cited by 46 publications

References 76 publications

Institutional investor heterogeneity and analyst recommendation: Malaysian evidence

Institutional investor heterogeneity and analyst recommendation: Malaysian evidence

Audit Committee Chair Attributes and Audit Report Lag in an Emerging Market

Audit Committee Features and CSR Disclosure: Additional Evidence From an Emerging Market

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