Quality of financial reporting, external audit, earnings power and companies performance: The case of Gulf Corporate Council Countries

Alsmady, Ahnaf Ali

doi:10.1016/j.resglo.2022.100093

Cited by 28 publications

(16 citation statements)

References 84 publications

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“…Dănescu and Popa [66] argue the beneficial impact of corporate governance on a company's financial performance by showing that the extent to which companies Further on, the 19 companies were clustered, according to the average values of ROA, as well as ROE financial indicators. According to Alsmady [62], relevant and quality financial data delivered to users have a beneficial effect on the performance of companies, measured by the use of indicators such as ROE, ROA, and EPS, leading to the reduction of information asymmetry and generating economic stability in the future. In this study, only ROA and ROE indicators were selected for the clustering of companies, as they are the most frequently used financial indicators in the literature for measuring financial performance.…”

Section: Analysis and Clustering Of The Companies By Size And Financi...mentioning

confidence: 99%

A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach

Bogdan,

Rus,

Gherai

et al. 2023

Sustainability

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ESG reporting and disclosure enable financial performance by attracting revenues and optimizing managerial decisions. Within this landscape falls the present study that aimed to examine the quality of ESG reporting connected to the financial performance of listed companies. Stratified analysis revealed four groups of companies according to the average value of ROA and ROE indicators, as well as four classes according to the average ESG disclosure score. The analysis of GRI topics and materiality disclosure scores showed an average disclosure level on ESG components, located between a satisfactory and a good level of disclosure. Also, companies were found to be more inclined to disclose data on the sustainability strategy but provided poor and vague information on the business model. The results of comparative clustering analysis based on FinESG reporting and disclosure scores showed that 31.57% of companies maintained their position in the final ranking. Content analysis of sustainability reports by Leximancer, v.5.0 software highlighted that the most salient topic was “employees”, and it revealed correlations between the themes “employees” and “emissions”. The practical implications of the study were found in the promotion of an integrated reporting that best meets the needs of both stakeholders and those of environmental protection and the development of society.

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Section: Analysis and Clustering Of The Companies By Size And Financi...mentioning

confidence: 99%

A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach

Bogdan,

Rus,

Gherai

et al. 2023

Sustainability

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show abstract

“…In the relevant shipping literature, no similar study has been undertaken so far. In our study, we construct a dummy variable to measure company power that takes the value of 1 in cases in which the financial performance, that is, ROA, is greater than its mean value across all sample observations, and 0 otherwise (see Alsmady, 2022).…”

Section: Other Variablesmentioning

confidence: 99%

Determinants and effects of trade credit financing: Evidence from the maritime shipping industry

Mantzari,

Merika,

Sigalas

2023

Euro Fin Management

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This paper investigates the factors and effects of trade credit, as an alternative source of capital, by employing a generalized method of moments instrumenting for endogeneity based on a panel data set of public maritime shipping companies and compatible companies in other industries. Our study shows that the magnitude of trade credit is affected by profitability, financial leverage, company size, cost of capital, financial distress, institutional ownership, corporate power, corporate liquidity, asset intensity, and corporate growth. It also suggests that trade credit affects financial performance, equity value, and risk. These empirical findings yield important implications for principal financial officers, as discussed herein.

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“…The authors concluded that the impact of the audit committee on the financial performance was partial. Alsmady (2022) employed a panel regression model to examine the impact of audit committee quality on the financial performance of six selected Arabian GCC economies for the period 2013-2017 and noted that audit committee quality positively impacted the companies' financial performance, with a consequential reduction in asymmetric information.…”

Section: Audit Committee and Financial Performancementioning

confidence: 99%

Examining the Link between Technical Efficiency, Corporate Governance and Financial Performance of Firms: Evidence from Nigeria

Lawal

Bukola

Olakanmi

et al. 2022

JRFM

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The purpose of this study is to examine the link between technical efficiency and both the corporate governance and financial performance of listed financial firms on the floor of the Nigerian Stock Exchange using three theoretical approaches: shareholder theory, stakeholders’ theory, and resource dependence theory. We employed a stochastic frontier analysis to examine the impact of technical efficiency on the link between corporate governance and financial performance on the one hand, and, on the other, multiple regressions comprised of OLS and Poisson estimates to analyze a data-generating set sourced from 2007 to 2020. The results of our OLS estimates suggest that a negative but significant relationship exists between the corporate governance mechanism and the financial performance of the listed firms. When we subject the analysis to the Poisson estimates, the relationship becomes positive and significant. Our results have some positive implications.

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Quality of financial reporting, external audit, earnings power and companies performance: The case of Gulf Corporate Council Countries

Cited by 28 publications

References 84 publications

A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach

A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach

Determinants and effects of trade credit financing: Evidence from the maritime shipping industry

Examining the Link between Technical Efficiency, Corporate Governance and Financial Performance of Firms: Evidence from Nigeria

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