Review on the role of corporate governance and internal control system on firm's financial performance
Research aim: This research analyses the systematic review of the literature (2015–2021) concerning corporate governance, internal control system, and their impact on financial performance. This study brings about several findings on the role of corporate governance mechanisms such as internal contr...
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| Format: | Article |
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Faculty of Business and Accountancy, Universiti Malaya
2022
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| _version_ | 1796867722951262208 |
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| author | Hazzaa, Omar Turki Abdullah, Dewi Fariha Mohammed Dhahebi, Adel |
| author_facet | Hazzaa, Omar Turki Abdullah, Dewi Fariha Mohammed Dhahebi, Adel |
| author_sort | Hazzaa, Omar Turki |
| collection | ePrints |
| description | Research aim: This research analyses the systematic review of the literature (2015–2021) concerning corporate governance, internal control system, and their impact on financial performance. This study brings about several findings on the role of corporate governance mechanisms such as internal controls, the board size, independence, audit performance on the financial performance of firms. The findings suggested that the internal controls and board characteristics are critical for achieving good corporate governance. Design/Methodology/Approach: Literature review of previous studies on corporate governance’s role in improving financial performance. Research findings: The key findings of this review paper showed the importance of internal controls and board characteristics for the success and sustainability of firms. Practitioner/Policy implications: The findings of this paper are beneficial for small and medium–sized firms to implement good corporate governance to ensure the success and sustainability of their product and services. Research limitations: This review is limited to the concept of corporate governance, internal control system, theories of corporate governance, financial performance, board characteristics, and recent articles on this topic. |
| first_indexed | 2024-03-05T21:31:33Z |
| format | Article |
| id | utm.eprints-104769 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T21:31:33Z |
| publishDate | 2022 |
| publisher | Faculty of Business and Accountancy, Universiti Malaya |
| record_format | dspace |
| spelling | utm.eprints-1047692024-03-01T01:43:42Z http://eprints.utm.my/104769/ Review on the role of corporate governance and internal control system on firm's financial performance Hazzaa, Omar Turki Abdullah, Dewi Fariha Mohammed Dhahebi, Adel HG Finance Research aim: This research analyses the systematic review of the literature (2015–2021) concerning corporate governance, internal control system, and their impact on financial performance. This study brings about several findings on the role of corporate governance mechanisms such as internal controls, the board size, independence, audit performance on the financial performance of firms. The findings suggested that the internal controls and board characteristics are critical for achieving good corporate governance. Design/Methodology/Approach: Literature review of previous studies on corporate governance’s role in improving financial performance. Research findings: The key findings of this review paper showed the importance of internal controls and board characteristics for the success and sustainability of firms. Practitioner/Policy implications: The findings of this paper are beneficial for small and medium–sized firms to implement good corporate governance to ensure the success and sustainability of their product and services. Research limitations: This review is limited to the concept of corporate governance, internal control system, theories of corporate governance, financial performance, board characteristics, and recent articles on this topic. Faculty of Business and Accountancy, Universiti Malaya 2022 Article PeerReviewed Hazzaa, Omar Turki and Abdullah, Dewi Fariha and Mohammed Dhahebi, Adel (2022) Review on the role of corporate governance and internal control system on firm's financial performance. Asian Journal of Accounting Perspectives, 15 (1). pp. 1-28. ISSN 2672-7293 https://ejournal.um.edu.my/index.php/AJAP/article/view/27846 NA |
| spellingShingle | HG Finance Hazzaa, Omar Turki Abdullah, Dewi Fariha Mohammed Dhahebi, Adel Review on the role of corporate governance and internal control system on firm's financial performance |
| title | Review on the role of corporate governance and internal control system on firm's financial performance |
| title_full | Review on the role of corporate governance and internal control system on firm's financial performance |
| title_fullStr | Review on the role of corporate governance and internal control system on firm's financial performance |
| title_full_unstemmed | Review on the role of corporate governance and internal control system on firm's financial performance |
| title_short | Review on the role of corporate governance and internal control system on firm's financial performance |
| title_sort | review on the role of corporate governance and internal control system on firm s financial performance |
| topic | HG Finance |
| work_keys_str_mv | AT hazzaaomarturki reviewontheroleofcorporategovernanceandinternalcontrolsystemonfirmsfinancialperformance AT abdullahdewifariha reviewontheroleofcorporategovernanceandinternalcontrolsystemonfirmsfinancialperformance AT mohammeddhahebiadel reviewontheroleofcorporategovernanceandinternalcontrolsystemonfirmsfinancialperformance |