The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality

The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality

The objective of this study is to examine the effect of board diversity and audit committee on audit quality with respect to the influence of a wedge (divergence between control rights and cash flow rights) in Turkey. Turkey has made essential amendments in the field of external audit in order to en...

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Main Author: Mustafa, Aree Saeed
Format: Thesis
Language:eng
eng
Published: 2018
Subjects:
HD2709-2930.7 Corporations
Online Access:https://etd.uum.edu.my/7673/1/s99014_01.pdf
https://etd.uum.edu.my/7673/2/s99014_02.pdf
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id my-uum-etd.7673
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Che Ahmad, Ayoib
Chandren, Sitraselvi
topic HD2709-2930.7 Corporations
spellingShingle HD2709-2930.7 Corporations
Mustafa, Aree Saeed
The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
description The objective of this study is to examine the effect of board diversity and audit committee on audit quality with respect to the influence of a wedge (divergence between control rights and cash flow rights) in Turkey. Turkey has made essential amendments in the field of external audit in order to enhance the quality of financial report and integrate its own capital market with that of EU. An analysis of the influence of these changes should be of interest to examine its influence on clients demand for high quality audit. This study used the data of 146 firms listed on the Borsa Istanbul (BIST) over the period from 2011 to 2015. Using logistic regression and Feasible Generalized Least Square (FGLS), the findings explained that clients’ incentives and abilities to demand high audit quality increased because of board demographics, cognitive and structural diversity and the audit committee proxies (by audit committee size, audit committee independence and audit committee meeting). However, the wedge weakened the influence of board diversity and the audit committee to demand high audit quality, which will be an unfavourable outcome for the minority shareholders. Thus, this study proposes that regulators, particularly the Capital Market Board of Turkey (CMBT), should increase law enforcement to enhance good corporate governance in Turkey to accommodate the unique features of wedge firms and provide a protected environment for investors particularly, the minority shareholders.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Mustafa, Aree Saeed
author_facet Mustafa, Aree Saeed
author_sort Mustafa, Aree Saeed
title The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
title_short The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
title_full The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
title_fullStr The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
title_full_unstemmed The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
title_sort role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality
granting_institution Universiti Utara Malaysia
granting_department Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate 2018
url https://etd.uum.edu.my/7673/1/s99014_01.pdf
https://etd.uum.edu.my/7673/2/s99014_02.pdf
_version_ 1747828251792769024
spelling my-uum-etd.76732021-08-11T02:30:44Z The role of control-ownership wedge in moderating the influence of board diversity and audit committee on audit quality 2018 Mustafa, Aree Saeed Che Ahmad, Ayoib Chandren, Sitraselvi Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Intan Safinaz School of Accountancy (TISSA) HD2709-2930.7 Corporations The objective of this study is to examine the effect of board diversity and audit committee on audit quality with respect to the influence of a wedge (divergence between control rights and cash flow rights) in Turkey. Turkey has made essential amendments in the field of external audit in order to enhance the quality of financial report and integrate its own capital market with that of EU. An analysis of the influence of these changes should be of interest to examine its influence on clients demand for high quality audit. This study used the data of 146 firms listed on the Borsa Istanbul (BIST) over the period from 2011 to 2015. Using logistic regression and Feasible Generalized Least Square (FGLS), the findings explained that clients’ incentives and abilities to demand high audit quality increased because of board demographics, cognitive and structural diversity and the audit committee proxies (by audit committee size, audit committee independence and audit committee meeting). However, the wedge weakened the influence of board diversity and the audit committee to demand high audit quality, which will be an unfavourable outcome for the minority shareholders. Thus, this study proposes that regulators, particularly the Capital Market Board of Turkey (CMBT), should increase law enforcement to enhance good corporate governance in Turkey to accommodate the unique features of wedge firms and provide a protected environment for investors particularly, the minority shareholders. 2018 Thesis https://etd.uum.edu.my/7673/ https://etd.uum.edu.my/7673/1/s99014_01.pdf text eng public https://etd.uum.edu.my/7673/2/s99014_02.pdf text eng public http://sierra.uum.edu.my/record=b1698400~S1 Ph.D. doctoral Universiti Utara Malaysia Abbott, L. J., Park, Y., & Parker, S. (2000). The effects of audit committee activity and independence on corporate fraud. Managerial Finance, 26(11), 55–68. Abbott, L. J., & Parker, S. (2000). Auditor selection and audit committee characteristics. Auditing, 19(2), 46–66. http://doi.org/10.2308/aud.2000.19.2.47 Abbott, L. J., & Parker, S. (2002). Audit committee characteristics and auditor switches. 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