The relationship between religiosity and voluntary disclosure quality: a cross-country evidence from the banking sector

Salem, Rami Ibrahim A.; Ezeani, Ernest; Song, Xi

doi:10.1007/s11156-022-01117-0

Cited by 22 publications

(32 citation statements)

References 152 publications

(226 reference statements)

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“…We controlled for profitability (PROF), asset tangibility (ASTANG), firm size (FSZ), growth opportunity (GRW_OP), liquidity (LIQ), cash flow (CFLO) and leverage (LEV). Following previous studies (Salem et al , 2022; Kwabi et al , 2022), we controlled for GDP growth (GDP_GR) and inflation (INF).…”

Section: Methodsmentioning

confidence: 99%

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

Ezeani

Salem

Usman

et al. 2023

IJAIM

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Purpose Prior studies suggest that corporate cash holding will reflect firms' corporate governance (CG) environment. Consistent with this prediction, this study aims to examine the impact of board characteristics on firms' cash holding in the UK, France and Germany. Design/methodology/approach Using 2,805 firm-year observations between 2009 and 2019, the authors examine the relationship between board characteristics and corporate cash holding. The authors used two measures of cash holdings as our dependent variables. As independent variables, the authors used CG characteristics relevant to effective board monitoring such as board meetings, outside directors, board size and board gender diversity. Findings The authors find that board characteristics influence firms' cash holdings of firms in the UK, France and Germany. However, this study documents evidence of varying impacts of board monitoring on the cash holding of the UK when compared to German and French firms, the countries that are classifiable as bank-based economies. The result of this study is robust to alternative cash-holding measures and endogeneity. Practical implications This study provides evidence supporting the board's impact in mitigating agency conflict in shareholder- and stakeholder-oriented CG environments. Originality/value This study contributes to previous works on firms’ financial orientation by showing that the impact of board characteristics on corporate cash holdings varies between bank- and market-based economies.

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Section: Methodsmentioning

confidence: 99%

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

Ezeani

Salem

Usman

et al. 2023

IJAIM

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“…Firstly, banks play a vital role in allocating credit. Secondly, unlike other firms, banks exert an influence on the economy and its development (Salem et al , 2022). Therefore, banks use their political ties to improve their positions in the market and to benefit from governmental and political support in various aspects.…”

Section: Methodsmentioning

confidence: 99%

A bibliometric analysis of political connections literature

Ahmed

Hussainey

2023

RAF

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Purpose This paper aims to present a catalogue of the influential aspects resulting from a bibliometric meta-analysis of political connection literature. Design/methodology/approach This study undertakes a bibliometric meta-analysis review of political connections literature, covering 138 research papers from 2000 to 2020 using the visualization of similarities viewer program. Findings The authors identify six research groups: the value of political connections; political connections and finance; political connections in banks; political connections and debt; management and political connections; and political connections and governance. This study discusses each stream through a cartographic analysis, including co-authorship, countries and time networks. Originality/value This study makes an important and novel contribution to political connection literature. So far, to the best of the authors’ knowledge, it is the only bibliometric study on political connections. This study is the first to use network analysis and community detection to understand social clustering and to identify main research steams in political connection literature.

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“…In addition, managers will be less motivated to aggressively manipulate earnings if they have cause to believe that a competent audit committee is scrutinizing their accounting decisions (Prawitt et al , 2009). The vast majority of previous audit quality literature (Abbott et al , 2004; Al‐Shaer and Zaman, 2018; Agrawal and Chadha, 2005; Bruynseels and Cardinaels, 2014; DeFond and Zhang, 2014; Francis, 2011; Ghafran and O'Sullivan, 2017; Gerged et al , 2020a, 2020b; He and Yang, 2014; Komal et al , 2021; Raimo et al , 2021; Salem et al , 2021; Salem et al , 2022; Quick and Schmidt, 2018) appears to use audit fees, audit firm rotation, ACI, joint audits and ACE as proxies for audit quality. Consequently, to examine our research expectation, this study used the most common proxies for audit quality, including audit committee independence (ACI), auditor firm rotation (AIR), audit committee expertise (ACE) and audit fees ratio (AFR).…”

Section: Methodsmentioning

confidence: 99%

“…; Al-Shaer and Zaman, 2018;Agrawal and Chadha, 2005;Bruynseels and Cardinaels, 2014;DeFond and Zhang, 2014;Francis, 2011;Ghafran and O'Sullivan, 2017;Gerged et al, 2020aGerged et al, , 2020bHe and Yang, 2014;Komal et al, 2021;Raimo et al, 2021;Salem et al, 2021;Salem et al, 2022;Quick and Schmidt, 2018) appears to use audit fees, audit firm rotation, ACI, joint audits and ACE as proxies for audit quality. Consequently, to examine our research expectation, this study used the most common proxies for audit quality, including audit committee…”

mentioning

confidence: 99%

Anti-corruption disclosure quality and earnings management in the United Kingdom: the role of audit quality

Salem

Ghazwani

Gerged

et al. 2023

IJAIM

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Purpose Building upon institutional pressures on firms to deal with corruption, this study aims to investigate the association between a firm's engagement with anti-corruption disclosure quality (ACD_Q) and earnings management (EM). Also, this study examines the moderating role of audit quality in the association between ACD_Q and EM. Design/methodology/approach The authors constructed an ACD_Q index based on the 2010 UK Bribery Act and taking into account a wide range of rules on corruption and bribery, including those of the OECD, World Bank, UNCTAD, UNGC, UNCAC and GRI. Generalized method of moments and panel regression were used to examine the association between ACD_Q and EM. Findings Using a sample of 2,695 firm‐year observations of the UK’s FTSE-350 from 2008 to 2018, this study finds ACD_Q is negatively associated with EM. In addition, this negative relationship is contingent on audit committee independence and audit committee expertise. This finding is supported by additional robustness and sensitivity analysis. Practical implications The empirical evidence reiterates the crucial need for more concerted efforts to ensure corporate engagement in anti-corruption practices with a view to reducing earnings manipulations. Originality/value This study contributes to the limited evidence that investigates how ACD Q influences EM in the UK after the introduction of the UK Bribery Act in 2010. Furthermore, by considering the period from 2008 to 2019, this study investigates the potential moderating role of UK corporate governance reforms in EM reduction. In particular, to the best of the authors’ knowledge, this study assesses for the first time the moderating effect of audit committee mechanisms on the ACD Q and EM nexus.

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The relationship between religiosity and voluntary disclosure quality: a cross-country evidence from the banking sector

Cited by 22 publications

References 152 publications

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

Board characteristics and corporate cash holding: evidence from the UK, France and Germany

A bibliometric analysis of political connections literature

Anti-corruption disclosure quality and earnings management in the United Kingdom: the role of audit quality

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