The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags
This study explores the influence of board independence, board size, CEO duality, board diligence, board financial expertise and presence of audit committee as well as the type of sector on the timeliness of financial reports among selected Jordanian companies.The timeliness of the financial reports...
| 主要な著者: | , , |
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| フォーマット: | 論文 |
| 言語: | English |
| 出版事項: |
Emerald Group Publishing Limited
2015
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| 主題: | |
| オンライン･アクセス: | https://repo.uum.edu.my/id/eprint/13979/1/5482-21292-3-PB.pdf |
| _version_ | 1825803284358627328 |
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| author | Al Daoud, Khaldoon Ahmad Ku Ismail, Ku Nor Izah Lode, Nor Asma |
| author_facet | Al Daoud, Khaldoon Ahmad Ku Ismail, Ku Nor Izah Lode, Nor Asma |
| author_sort | Al Daoud, Khaldoon Ahmad |
| collection | UUM |
| description | This study explores the influence of board independence, board size, CEO duality, board diligence, board financial expertise and presence of audit committee as well as the type of sector on the timeliness of financial reports among selected Jordanian companies.The timeliness of the financial reports is measured by audit report lag (ARL) and management report lag (MRL).This study covers 112 firms listed on the Amman Stock Exchange for the years 2011 and 2012. The results of the ARL model indicate that companies that have members of board who are independent from management take a significantly shorter time to prepare and issue their financial reports. The results indicate that companies with greater number of board of directors are related with a higher audit report lag. The results also show that companies that separated the CEO and chairman's roles are quicker in publishing financial reports than companies combining the roles of CEO and chairman.In addition, boards of directors with more meetings make the audit report lag shorter. The findings also support that argument that the existence of an audit committee could resolve the information asymmetry between management and external auditors that, in turn, would lead to reduced audit report lag and management report lag.However, the results of the MRL model show that management report lag is related positively to large board size and board diligence and negatively to the existence of audit committee.This study concludes that the good structures of corporate governance play a key role in improving the quality of timeliness of financial reports. |
| first_indexed | 2024-07-04T05:54:22Z |
| format | Article |
| id | uum-13979 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:54:22Z |
| publishDate | 2015 |
| publisher | Emerald Group Publishing Limited |
| record_format | eprints |
| spelling | uum-139792016-04-12T06:40:33Z https://repo.uum.edu.my/id/eprint/13979/ The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags Al Daoud, Khaldoon Ahmad Ku Ismail, Ku Nor Izah Lode, Nor Asma HF5601 Accounting This study explores the influence of board independence, board size, CEO duality, board diligence, board financial expertise and presence of audit committee as well as the type of sector on the timeliness of financial reports among selected Jordanian companies.The timeliness of the financial reports is measured by audit report lag (ARL) and management report lag (MRL).This study covers 112 firms listed on the Amman Stock Exchange for the years 2011 and 2012. The results of the ARL model indicate that companies that have members of board who are independent from management take a significantly shorter time to prepare and issue their financial reports. The results indicate that companies with greater number of board of directors are related with a higher audit report lag. The results also show that companies that separated the CEO and chairman's roles are quicker in publishing financial reports than companies combining the roles of CEO and chairman.In addition, boards of directors with more meetings make the audit report lag shorter. The findings also support that argument that the existence of an audit committee could resolve the information asymmetry between management and external auditors that, in turn, would lead to reduced audit report lag and management report lag.However, the results of the MRL model show that management report lag is related positively to large board size and board diligence and negatively to the existence of audit committee.This study concludes that the good structures of corporate governance play a key role in improving the quality of timeliness of financial reports. Emerald Group Publishing Limited 2015-01 Article PeerReviewed application/pdf en cc_by https://repo.uum.edu.my/id/eprint/13979/1/5482-21292-3-PB.pdf Al Daoud, Khaldoon Ahmad and Ku Ismail, Ku Nor Izah and Lode, Nor Asma (2015) The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags. Mediterranean Journal of Social Sciences, 6 (1). pp. 205-231. ISSN 2039-9340 http://dx.doi.org/10.5901/mjss.2015.v6n1p430 doi:10.5901/mjss.2015.v6n1p430 doi:10.5901/mjss.2015.v6n1p430 |
| spellingShingle | HF5601 Accounting Al Daoud, Khaldoon Ahmad Ku Ismail, Ku Nor Izah Lode, Nor Asma The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags |
| title | The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags |
| title_full | The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags |
| title_fullStr | The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags |
| title_full_unstemmed | The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags |
| title_short | The impact of internal corporate governance on the timeliness of financial reports of Jordanian firms: Evidence using audit and management report lags |
| title_sort | impact of internal corporate governance on the timeliness of financial reports of jordanian firms evidence using audit and management report lags |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/13979/1/5482-21292-3-PB.pdf |
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