Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange

This study aims to examine the relationships between the aspects of corporate governance (ownership structure, board characteristics, audit committee, and audit quality) on going concern evaluation in Jordan. The data from 2009 to 2011 was extrapolated from the companies listed under the industrial...

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Main Author:	Zureigat, Bilal Nayef lbrahim
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HD2709-2930.7 Corporations HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/5294/1/s93551.pdf https://etd.uum.edu.my/5294/2/s93551_abstract.pdf
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id	my-uum-etd.5294
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Fadzil, Faudziah Hanim Syed Ismail, Syed Soffian
topic	HD2709-2930.7 Corporations HF5601-5689 Accounting
spellingShingle	HD2709-2930.7 Corporations HF5601-5689 Accounting Zureigat, Bilal Nayef lbrahim Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange
description	This study aims to examine the relationships between the aspects of corporate governance (ownership structure, board characteristics, audit committee, and audit quality) on going concern evaluation in Jordan. The data from 2009 to 2011 was extrapolated from the companies listed under the industrial and services sector on Amman Stock Exchange, resulting in the final sample of 339 firms after the exclusion of financial sectors and firms of unnecessary data due to the lack of disclosure. Multiple regression analysis revealed a positive and significant relationship between managerial and foreign ownership, board meeting, board size, audit fees, audit firm size and non-audit services with going concern evaluation. The findings also supported the positive and non-significant relationship between audit committee and going concern evaluation. On the other hand, the study drew forth a negative relationship between institutional and family ownership, board independence, and CEO duality with going concern evaluation. Theoretically, the study suggests the application of agency theory may prove more appropriate than accountability theory in describing the practices of corporate governance in developing countries such as Jordan. From a practical perspective, the findings provide feedback to the regulators (e.g. Capital Market Authority and Policy Makers) and the companies in Amman Stock Exchange in a number of ways such as promoting good practice of corporate governance among Jordanian firms. This study finds the corporate governance mechanisms play an effective role for companies as a going concern. In addition, this study opens up avenues for more studies on quality of financial reports
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Zureigat, Bilal Nayef lbrahim
author_facet	Zureigat, Bilal Nayef lbrahim
author_sort	Zureigat, Bilal Nayef lbrahim
title	Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange
title_short	Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange
title_full	Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange
title_fullStr	Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange
title_full_unstemmed	Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange
title_sort	corporate governance and the going concern evaluation of jordanian listed companies at amman stock exchange
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2015
url	https://etd.uum.edu.my/5294/1/s93551.pdf https://etd.uum.edu.my/5294/2/s93551_abstract.pdf
_version_	1747827902201724928
spelling	my-uum-etd.52942021-03-29T09:11:25Z Corporate governance and the going concern evaluation of Jordanian listed companies at Amman stock exchange 2015 Zureigat, Bilal Nayef lbrahim Fadzil, Faudziah Hanim Syed Ismail, Syed Soffian Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations HF5601-5689 Accounting This study aims to examine the relationships between the aspects of corporate governance (ownership structure, board characteristics, audit committee, and audit quality) on going concern evaluation in Jordan. The data from 2009 to 2011 was extrapolated from the companies listed under the industrial and services sector on Amman Stock Exchange, resulting in the final sample of 339 firms after the exclusion of financial sectors and firms of unnecessary data due to the lack of disclosure. Multiple regression analysis revealed a positive and significant relationship between managerial and foreign ownership, board meeting, board size, audit fees, audit firm size and non-audit services with going concern evaluation. The findings also supported the positive and non-significant relationship between audit committee and going concern evaluation. On the other hand, the study drew forth a negative relationship between institutional and family ownership, board independence, and CEO duality with going concern evaluation. Theoretically, the study suggests the application of agency theory may prove more appropriate than accountability theory in describing the practices of corporate governance in developing countries such as Jordan. From a practical perspective, the findings provide feedback to the regulators (e.g. Capital Market Authority and Policy Makers) and the companies in Amman Stock Exchange in a number of ways such as promoting good practice of corporate governance among Jordanian firms. This study finds the corporate governance mechanisms play an effective role for companies as a going concern. In addition, this study opens up avenues for more studies on quality of financial reports 2015 Thesis https://etd.uum.edu.my/5294/ https://etd.uum.edu.my/5294/1/s93551.pdf text eng public https://etd.uum.edu.my/5294/2/s93551_abstract.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Abbott, L. J., Parker, S., & Peters, G. F. (2004). Audit committee characteristics and restatements. Auditing: A Journal of Practice & Theory, 23(1), 69-87. Abdul Rahman, R., & Haniffa, R. M. (2005). The Effect of Role Duality on Corporate Performance in Malaysia. Corporate Ownership and Control, 2(2), 40-49. 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