Royal Family Members and Financial Reporting Timeliness: Evidence from UAE

This study aims to examine the association between Royal family members on the board of directors and financial reporting quality in the United Arab Emirates (UAE). UAE has two markets, namely Abu Dhabi Exchange Security (ADX) and Dubai Financial Market (DFM). The data of the current study were collected from these two markets listed companies for the periods of 2011 to 2018 which resulted in 437 observations. The results of this study showed that the existence of royal family members on the board of the UAE listed companies is significantly associated with financial reporting timeliness. This study provides evidence on the role played by the elite groups (Royal Family members) in UAE in enhancing the role of the board of directors. The findings also reported that board independence, audit committee size, audit committee expert, and firm profitability are significantly associated with financial reporting timeliness. The findings of this study contribute to the existing theory and empirical evidence of how the existence of Royal family members on the board of directors adds values to the company and improves its financial reporting quality.

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Determinants of financial reporting quality and its implications on the financial performance of state-owned enterprises (SOEs)

Risk Governance and Control Financial Markets & Institutions ◽

10.22495/rgcv6i4siart11 ◽

2016 ◽

Vol 6 (4) ◽

pp. 521-530

Author(s):

Evada Dewata ◽

Hamdy Hadi ◽

Hadi Jauhari

Keyword(s):

Financial Performance ◽

Board Of Directors ◽

Financial Reporting ◽

Audit Committee ◽

Stock Exchange ◽

Reporting Quality ◽

Financial Reporting Quality ◽

Government Ownership ◽

Board Of Director ◽

The Board Of Directors

This research aimed at analyzing the influence of the size of the board of directors, the composition of the independent commissioners, the effectiveness of audit committee and government ownership of the financial reporting quality and its implications on the financial performance of state-owned enterprises. Research population is state-owned enterprises listed on the Indonesia Stock Exchange from 2010-2014. There were 50 companies assigned as the sample of this research by using purposive sampling method. The results showed that partially, the size of the board of director, the composition of the independent commissioners and government ownership did not have the significant influence on financial reporting quality. The effectiveness of audit committee positively and significantly influenced financial reporting quality. The size of the board of directors, the effectiveness of the audit committee and financial reporting quality positively and significantly influenced financial performance. The composition of an independent commissioner and government ownership negatively and significantly influenced financial performance

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The controlling power of royal family members on the board of directors and audit committee effectiveness

Accounting ◽

10.5267/j.ac.2021.3.012 ◽

2021 ◽

pp. 987-992

Author(s):

Khaled Salmen Aljaaidi ◽

Abdulaziz Alothman ◽

Raj Bahadur Sharma ◽

Omar Ali Bagais

Keyword(s):

Board Of Directors ◽

Audit Committee ◽

Family Members ◽

Family Ownership ◽

Marginal Effect ◽

Governance Mechanism ◽

Royal Family ◽

The Board Of Directors ◽

Corporate Governance Mechanism ◽

Relationship Of

This paper examines the association of the presence of royal family members on the board of directors with audit committee effectiveness. The sample of this study consists of 444 listed manufactured firms in Saudi Arabia for the period 2012-2019. Using the Pooled OLS regression, the result of the study shows that royal family ownership is associated with audit committee effectiveness, giving support to the substitution hypothesis. The result indicates that members from the royal families are good monitors imposed into the companies' managements as both taking the role of decision makers and owners who may substitute the effectiveness of the audit committee. The presence of royal family members on the board has an alternative for the effectiveness of the audit committee. The marginal effect of audit committee effectiveness as an internal corporate governance mechanism is substituted by the presence of royal family members on the board. This study provides insightful evidence to regulators and policy makers at the company and country levels on the relationship of royal family ownership and audit committee effectiveness.

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The Effects of 2011 Revised Code of Corporate Governance on Financial Reporting Quality in Nigeria: The Role of Board of Directors and Audit Committee Members

Journal of Contemporary Issues in Business and Government ◽

10.47750/cibg.2021.27.02.027 ◽

2021 ◽

Vol 27 (02) ◽

Keyword(s):

Corporate Governance ◽

Board Of Directors ◽

Financial Reporting ◽

Audit Committee ◽

Reporting Quality ◽

Financial Reporting Quality ◽

Code Of Corporate Governance

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Audit Committee Effectiveness of Financial Reporting Quality in Listed companies in Nigeria Stock Exchange

International Journal of Academic Research in Business and Social Sciences ◽

10.6007/ijarbss/v7-i6/3006 ◽

2017 ◽

Vol 7 (6) ◽

Author(s):

Samuel Akpovwre Eyenubo ◽

Mudzamir Mohammed ◽

Mohammad Ali

Keyword(s):

Financial Reporting ◽

Audit Committee ◽

Stock Exchange ◽

Reporting Quality ◽

Listed Companies ◽

Financial Reporting Quality

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Gender in Audit Committee and Financial Reporting Timeliness: the Case of Unique Continental European Model

International Journal of Engineering & Technology ◽

10.14419/ijet.v7i2.29.13668 ◽

2018 ◽

Vol 7 (2.29) ◽

pp. 436

Author(s):

Zaitul . ◽

Desi Ilona

Keyword(s):

Data Analysis ◽

Panel Data ◽

Board Of Directors ◽

Financial Reporting ◽

Audit Committee ◽

Panel Data Analysis ◽

Listed Companies ◽

European Model ◽

European System ◽

The Board Of Directors

The goal of the current research is to identify whether or not the gender of Audit Committee members affects the timeliness of financial reporting. Unlike several studies which have focused on gender in the Board of Directors, the current study more specifically discusses gender in the Audit Committee in a country which adopts a Continental European System. This study employs panel data analysis for 370 observations of 185 Indonesian listed companies in the 2014-2015 period. This research reports that gender of the Audit Committee members is still debatable with regards to their role in improving the timeliness of financial reporting. Further, size, independence, expertise, and Audit Committee activities have an insignificant impact on the timeliness of financial reporting.

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Board of Directors and Financial Reporting Quality in Vietnam Listed Companies

International Journal of Financial Research ◽

10.5430/ijfr.v11n4p296 ◽

2020 ◽

Vol 11 (4) ◽

pp. 296 ◽

Cited By ~ 1

Author(s):

Nguyen Thi Thanh Phuong ◽

Dang Ngoc Hung

Keyword(s):

Board Of Directors ◽

Financial Reporting ◽

Audit Quality ◽

Negative Impact ◽

Positive Impact ◽

Reporting Quality ◽

Listed Companies ◽

Financial Reporting Quality ◽

Research Results ◽

The Impact

This article studies the impact of the Board of Directors (BOD) on financial reporting quality (FRQ) in Vietnam listed companies. The research uses FEM, REM and GLS regression models, data collected at energy enterprises listed on the stock market in Vietnam from 2010 - 2018, with 2162 observations. The research results have found that the BOD size, BOD independence, BOD chairperson cum CEO has a positive impact on FRQ while BOD meeting frequency has a negative impact on FRQ. In addition, the audit quality, the ratio of liabilities has a positive impact on FRQ while company size has a negative impact on FRQ. Further, the percentage of female BOD members does not have an impact on FRQ. Empirical research results serve as a useful basis for enterprises to improve FRQ by considering of factors of the board of director in a more effective manner.

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Board characteristics and financial reporting quality: evidence from Jordan

Corporate Ownership and Control ◽

10.22495/cocv11i3p1 ◽

2014 ◽

Vol 11 (3) ◽

pp. 8-29 ◽

Cited By ~ 1

Author(s):

Ebraheem Saleem Salem Alzoubi

Keyword(s):

Board Of Directors ◽

Financial Reporting ◽

Reporting Quality ◽

Discretionary Accruals ◽

Financial Reporting Quality ◽

Board Independence ◽

Board Characteristics ◽

Financial Expertise ◽

The Board Of Directors ◽

Specific Expertise

This paper aims outspreading preexisting researches by assessing practically and empirically how board characteristics play a vibrant role in magnitude of earning management (EM) for the Jordanian listed companies. In particular, the paper throws its light on the principle features of the board of directors, i.e. board independence, CEO duality, financial expertise, governance expertise, firm-specific expertise and size. In this paper, a cross-sectional version of the Modified Jones Model is applied to ensure the accurate assessment of the key impacts of board characteristics on EM for a sample of 86 industrial listed companies on the Amman Stock Exchange (ASE) for the years 2008 to 2010. Discretionary accruals are used as proxy for EM. This study, on the basis of findings, reveals the significant correlation between salient board features and EM. Findings of this systematic observation demonstrate that board independence, financial expertise, governance expertise and size have a negative relation with EM. It also found that CEO duality and board firm-specific expertise have an obvious positive relation with discretionary accruals. The findings suggested that the board character has an effective role in detecting EM and in turn improve financial reporting quality (FRQ). In real fields, the discoveries of this paper portray valuable information for the regulators in different countries. The results also provide useful information for investors in assessing the impact of board characteristics on FRQ. In fact, previous studies on this very issue in this context do not meet the demand of comprehensive observation appropriately. To make input in this area, particularly among Jordanian companies, this study will extend the scope through providing empirically tested findings of the role of board directors’ characteristics on EM. In addition, this paper is the first empirical study to investigate the relationship between the board of directors’ characteristics and EM in Jordan.

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