The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies

As established by agency theory, corporate governance mechanisms can increase financial reporting credibility and protect the interests of all stakeholders. To understanding this agency theory perspective better, this study investigates the influence of corporate governance mechanisms on the prospec...

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Main Author:	Zaid Alkilani, Saleh Nafeth Saleh
Format:	Thesis
Language:	eng eng
Published:	2022
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/10945/1/depositpermission-901527.pdf https://etd.uum.edu.my/10945/2/s901527_01.pdf
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id	my-uum-etd.10945
record_format	uketd_dc
spelling	my-uum-etd.109452024-01-31T07:55:10Z The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies 2022 Zaid Alkilani, Saleh Nafeth Saleh Wan Hussin, Wan Nordin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance As established by agency theory, corporate governance mechanisms can increase financial reporting credibility and protect the interests of all stakeholders. To understanding this agency theory perspective better, this study investigates the influence of corporate governance mechanisms on the prospect of receiving a modified audit opinion (a proxy for the quality of financial reporting) among Jordanian public listed corporations. Accordingly, thirteen hypotheses were developed to investigate the relationship of boards of directors’ effectiveness, audit committee characteristics, and ownership structure on the issuance of modified audit opinion in Jordan. Logistic regression was utilised to analyse the 109 company-year observation data of two sectors (service and industrial sector) from 2012-2017. Significant findings were consistent with the hypotheses that Jordanian public listed corporations with the board of director size, the board of director with multiple directorships, family ownership, and foreign ownership are less likely to receive a modified audit opinion. Moreover, the results indicated that boards of director’ characteristics, audit committee characteristics, and ownership structure contributes to decreasing the prospect of receiving a modified audit opinion. The findings of this study provide input to regulators, policymakers and companies listed on the Amman Stock Exchange for practising good corporate governance. 2022 Thesis https://etd.uum.edu.my/10945/ https://etd.uum.edu.my/10945/1/depositpermission-901527.pdf text eng staffonly https://etd.uum.edu.my/10945/2/s901527_01.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Wan Hussin, Wan Nordin
topic	HG Finance
spellingShingle	HG Finance Zaid Alkilani, Saleh Nafeth Saleh The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies
description	As established by agency theory, corporate governance mechanisms can increase financial reporting credibility and protect the interests of all stakeholders. To understanding this agency theory perspective better, this study investigates the influence of corporate governance mechanisms on the prospect of receiving a modified audit opinion (a proxy for the quality of financial reporting) among Jordanian public listed corporations. Accordingly, thirteen hypotheses were developed to investigate the relationship of boards of directors’ effectiveness, audit committee characteristics, and ownership structure on the issuance of modified audit opinion in Jordan. Logistic regression was utilised to analyse the 109 company-year observation data of two sectors (service and industrial sector) from 2012-2017. Significant findings were consistent with the hypotheses that Jordanian public listed corporations with the board of director size, the board of director with multiple directorships, family ownership, and foreign ownership are less likely to receive a modified audit opinion. Moreover, the results indicated that boards of director’ characteristics, audit committee characteristics, and ownership structure contributes to decreasing the prospect of receiving a modified audit opinion. The findings of this study provide input to regulators, policymakers and companies listed on the Amman Stock Exchange for practising good corporate governance.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Zaid Alkilani, Saleh Nafeth Saleh
author_facet	Zaid Alkilani, Saleh Nafeth Saleh
author_sort	Zaid Alkilani, Saleh Nafeth Saleh
title	The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies
title_short	The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies
title_full	The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies
title_fullStr	The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies
title_full_unstemmed	The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies
title_sort	impact of corporate governance mechanisms on modified audit opinion: empirical evidence from jordanian public listed companies
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2022
url	https://etd.uum.edu.my/10945/1/depositpermission-901527.pdf https://etd.uum.edu.my/10945/2/s901527_01.pdf
_version_	1794023794715656192

The impact of corporate governance mechanisms on modified audit opinion: empirical evidence from Jordanian public listed companies

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