Timely reporting and family ownership: the Portuguese case

Lourenço, Isabel; Branco, Manuel Castelo; Curto, José Dias

doi:10.1108/medar-05-2016-0058

Cited by 14 publications

(14 citation statements)

References 58 publications

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“…The vigorous supervision of family owners decreases the inherent risk of material misstatements in financial reporting, causing lowering in audit effort [70]. Vigorous family participation in management tasks can improve corporate performance because they provide effective supervision of management in the process of financial reporting [71,72].…”

Section: Family Ownershipmentioning

confidence: 99%

Impact of Ownership Characteristics on Modified Audit Opinion in Jordan

Alkilani¹,

Hussin²,

Salim³

2019

IJAFRM

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It is well established that ownership characteristics are impacted by the quality of financial reporting. The purpose of this work is to examine the role of ownership characteristics in minimising the prospect of corporates obtaining a modified audit opinion in Jordan. Three ownership characteristics [family ownership (FAOWN), institutional ownership (INOWN) and foreign ownership (FAOWN)] and modified audit opinion were studied. The study used 117 samples of corporates listed on the Amman Stock Exchange (ASE). Logistic regression was employed to analyse the association between the modified audit opinions as a dependent variable and ownership characteristics as independent variables. Ownership characteristics are anticipated to be more successful in improving the quality of financial statement, and thus, reduce the prospect of firm obtaining a modified audit opinion. The analysed results from 2012 to 2016 periods of these corporates in Jordan showed that FAOWN and FOOWN validated this projection. Interestingly, the effect of family and FOOWN improve the quality of financial statement, thereby, reduce the cases of a modified audit opinion. Additionally, the study could not find any association impact between the INOWN and modified audit opinion.

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Section: Family Ownershipmentioning

confidence: 99%

Impact of Ownership Characteristics on Modified Audit Opinion in Jordan

Alkilani¹,

Hussin²,

Salim³

2019

IJAFRM

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“…Berdasarkan survei literatur sebelumnya, terdapat beberapa faktor yang berpengaruh terhadap ketepatan waktu penyampaian laporan keuangan. Salah satu faktor tersebut yaitu reputasi kantor akuntan publik (Lourenco, Branco, & Curto, 2018)…”

Section: Pendahuluanunclassified

Efek Reputasi Kap dan Keterlambatan Laporan Auditor Independen Terhadap Ketepatan Waktu Penyampaian Laporan Keuangan

Umar

Ermad

Suemdra

2022

emt

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This study aims to examine the effect of the reputation of the public accounting firm and the delay in the independent auditor's report on the timeliness of submitting financial statements. This research is a sample study, which includes 225 companies from 510 manufacturing sector companies during the 2017-2019 observation year. The sample was selected by simple random sampling technique, the sample size was determined by the slovin formula. The analytical method used is logistic regression. The results of the study found that the reputation of public accounting firms had an effect on increasing the timeliness of submitting financial reports, especially public accounting firms affiliated with the Big 4. The delay in the independent auditor's report also affects the timeliness of the financial report submission, especially the auditor who is not late in submitting the independent auditor's report.

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“…Hal ini disebabkan karena auditor mendapat tekanan yang lebih besar untuk menyelesaikan audit dan menerbitkan laporan tepat waktu. Hasil tersebut juga dibuktikan oleh Lourenço et al (2018) yang melaporkan bahwa ARL perusahaan keluarga lebih pendek dibanding dengan perusahaan bukan milik keluarga. Hipotesis kami penelitian ini mengacu pada argumen positif ini.…”

Section: Pendahuluanunclassified

Kepemilikan Keluarga, Tata Kelola Perusahaan, dan Audit Report Lag

et al. 2021

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The governance of family companies is still a concern for investors and other stakeholders. This study examines the effect of family ownership and corporate governance on audit report lag (ARL). The research sample is a non-financial company with a dominant family ownership and listed on the Indonesia Stock Exchange for the 2017-2019 period. Using the usual least squares analysis method and multiple regression techniques, the results showed that family ownership and the number of commissioners were able to encourage auditors to complete audit reports faster. Meanwhile, the presence of independent commissioners and audit committees does not significantly affect ARL. Additional analysis enriches the research findings that there are unique characteristics in terms of monitoring and expropriation effects of family ownership on ARL that up to a certain level of ownership, family members carry out the supervisory function well and can issue audited financial reports more quickly. Keywords: Family Ownership; Board of Commissioners; Independent Commissioner; Audit Committee; Audit Report Lag.

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Timely reporting and family ownership: the Portuguese case

Cited by 14 publications

References 58 publications

Impact of Ownership Characteristics on Modified Audit Opinion in Jordan

Impact of Ownership Characteristics on Modified Audit Opinion in Jordan

Efek Reputasi Kap dan Keterlambatan Laporan Auditor Independen Terhadap Ketepatan Waktu Penyampaian Laporan Keuangan

Kepemilikan Keluarga, Tata Kelola Perusahaan, dan Audit Report Lag

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