The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia

The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia

Corporate governance issues are under the attention of the researchers for over three decades due to the increasing global economic crisis. Hence, this study attempts to contribute towards literature by investigating relationships of corporate governance and firm performance in Malaysia as a develop...

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Main Author: Al-Sayani, Yahya Mohammed Ahmed Mohammed
Format: Thesis
Language:eng
eng
Published: 2017
Subjects:
HD28-70 Management
Industrial Management
Online Access:https://etd.uum.edu.my/6597/1/s816916_01.pdf
https://etd.uum.edu.my/6597/2/s816916_02.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Al-Matari, Ebrahim Mohammed Ayedh
topic HD28-70 Management
Industrial Management
spellingShingle HD28-70 Management
Industrial Management
Al-Sayani, Yahya Mohammed Ahmed Mohammed
The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia
description Corporate governance issues are under the attention of the researchers for over three decades due to the increasing global economic crisis. Hence, this study attempts to contribute towards literature by investigating relationships of corporate governance and firm performance in Malaysia as a developing country. In particular, the study investigates the relationship between the board of director’s characteristics and the audit committee characteristics and the performance of non-financial listed companies (excluding financial companies) in Malaysia for the two years (2014 and 2015). The model of this study is theoretically based on the agency theory. To examine the conceptual model, the required data were gathered from the annual reports of top 100 non-financial listed firms in Malaysia. In analyzing the data, this study utilized the liner multiple regression by taking the sample of 100 companies with 200 observations in order analyze the relationship between board of director’s characteristics and the audit committee characteristics and the performance (ROA and Tobin`s Q). Moreover, this study used firm size and leverage as control variables. Based on the liner multiple regression results that was used to examine the effect of the predictors of the firm performance measured by Return on Assets (ROA) and Tobin-Q. The statistical results showed that board size and foreigner board members were a positive determinant of Tobin-Q. While, the government link of board members was negative determinants of Tobin-Q. On the other hand, the government liking of the board and the audit committee meeting were negative predictors of ROA. While, the board size was a positive predictor of ROA. Besides providing suggestions for future research directions, this study also provides several recommendations for regulators, companies, stakeholders and in particular, the shareholders.
format Thesis
qualification_name other
qualification_level Master's degree
author Al-Sayani, Yahya Mohammed Ahmed Mohammed
author_facet Al-Sayani, Yahya Mohammed Ahmed Mohammed
author_sort Al-Sayani, Yahya Mohammed Ahmed Mohammed
title The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia
title_short The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia
title_full The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia
title_fullStr The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia
title_full_unstemmed The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia
title_sort effect of board of directors and audit committee characteristics on firm performance : evidence from malaysia
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2017
url https://etd.uum.edu.my/6597/1/s816916_01.pdf
https://etd.uum.edu.my/6597/2/s816916_02.pdf
_version_ 1747828100872273920
spelling my-uum-etd.65972021-05-02T00:57:10Z The effect of board of directors and audit committee characteristics on firm performance : evidence from Malaysia 2017 Al-Sayani, Yahya Mohammed Ahmed Mohammed Al-Matari, Ebrahim Mohammed Ayedh Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD28-70 Management. Industrial Management Corporate governance issues are under the attention of the researchers for over three decades due to the increasing global economic crisis. Hence, this study attempts to contribute towards literature by investigating relationships of corporate governance and firm performance in Malaysia as a developing country. In particular, the study investigates the relationship between the board of director’s characteristics and the audit committee characteristics and the performance of non-financial listed companies (excluding financial companies) in Malaysia for the two years (2014 and 2015). The model of this study is theoretically based on the agency theory. To examine the conceptual model, the required data were gathered from the annual reports of top 100 non-financial listed firms in Malaysia. In analyzing the data, this study utilized the liner multiple regression by taking the sample of 100 companies with 200 observations in order analyze the relationship between board of director’s characteristics and the audit committee characteristics and the performance (ROA and Tobin`s Q). Moreover, this study used firm size and leverage as control variables. Based on the liner multiple regression results that was used to examine the effect of the predictors of the firm performance measured by Return on Assets (ROA) and Tobin-Q. The statistical results showed that board size and foreigner board members were a positive determinant of Tobin-Q. While, the government link of board members was negative determinants of Tobin-Q. On the other hand, the government liking of the board and the audit committee meeting were negative predictors of ROA. While, the board size was a positive predictor of ROA. Besides providing suggestions for future research directions, this study also provides several recommendations for regulators, companies, stakeholders and in particular, the shareholders. 2017 Thesis https://etd.uum.edu.my/6597/ https://etd.uum.edu.my/6597/1/s816916_01.pdf text eng public https://etd.uum.edu.my/6597/2/s816916_02.pdf text eng public other masters Universiti Utara Malaysia Abbott, L. J., Park, Y., & Parker, S. (2000). The effects of audit committee activities and independence on corporate fraud. Managerial Finance, 26(11), 55-67. 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., & Haneem Mohamed Ali, F. (2006). 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