Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms

The objective of this study is to examine the relationship between board governance mechanisms (i.e. female director leadership, board communication, board integrity, and political connection), external assurance, and Sustainability Reporting Quality (SRQ) in Malaysia. The study further examines the...

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Main Author:	Moses, Elaigwu
Format:	Thesis
Language:	eng eng
Published:	2021
Subjects:	HF5001-6182 Business
Online Access:	https://etd.uum.edu.my/9354/1/depositpermission_s903471.pdf https://etd.uum.edu.my/9354/2/s903471_01.pdf
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id	my-uum-etd.9354
record_format	uketd_dc
spelling	my-uum-etd.93542024-03-19T01:24:54Z Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms 2021 Moses, Elaigwu Che-Ahmad, Ayoib Salau, Olarinoye Abdulmalik College of Business (COB) College of Business (COB) HF5001-6182 Business The objective of this study is to examine the relationship between board governance mechanisms (i.e. female director leadership, board communication, board integrity, and political connection), external assurance, and Sustainability Reporting Quality (SRQ) in Malaysia. The study further examines the interacting effect of family controlled firms. The study employed the top 500 companies listed on the main board of Bursa Malaysia from 2015 to 2019. Descriptive statistics and panel data regression are utilized in this study. The results of the descriptive statistics indicate that the quality of sustainability disclosure has slightly improved, compared to the reports of previous Malaysian sustainability studies. Using Feasible Generalized Least Square (FGLS), the results showthat female director leadership, board communication, board integrity, politically connected firms, and external assurance are positively and significantly associated with SRQ. Therefore, the management of firms needs to consider these variables as they are highly useful especially in emerging economies with not very strong institutions. Further, interacting effects were found for family-controlled firms in the relationships between female director leadership, board integrity, politically connected firms, external assurance, and SRQ. While no interacting effect was found for family-controlled firms in the relationship between board communication and SRQ. The results of the study indicate that an effective board can help ameliorate agency issues thereby enhancing corporate reporting quality. Hence, compliance with Bursa Malaysia guidelines (e.g. the Practice Note 9 Updates) and the Malaysian Sustainability Reporting Guide could be reinforced to further increase the quality of sustainability disclosures in Malaysia. The findings provide valuable input for the management of corporate organizations in their unrelenting efforts to remain competitive and satisfy the needs of stakeholders as a means of better performance and corporate legitimization. 2021 Thesis https://etd.uum.edu.my/9354/ https://etd.uum.edu.my/9354/1/depositpermission_s903471.pdf text eng public https://etd.uum.edu.my/9354/2/s903471_01.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Che-Ahmad, Ayoib Salau, Olarinoye Abdulmalik
topic	HF5001-6182 Business
spellingShingle	HF5001-6182 Business Moses, Elaigwu Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
description	The objective of this study is to examine the relationship between board governance mechanisms (i.e. female director leadership, board communication, board integrity, and political connection), external assurance, and Sustainability Reporting Quality (SRQ) in Malaysia. The study further examines the interacting effect of family controlled firms. The study employed the top 500 companies listed on the main board of Bursa Malaysia from 2015 to 2019. Descriptive statistics and panel data regression are utilized in this study. The results of the descriptive statistics indicate that the quality of sustainability disclosure has slightly improved, compared to the reports of previous Malaysian sustainability studies. Using Feasible Generalized Least Square (FGLS), the results showthat female director leadership, board communication, board integrity, politically connected firms, and external assurance are positively and significantly associated with SRQ. Therefore, the management of firms needs to consider these variables as they are highly useful especially in emerging economies with not very strong institutions. Further, interacting effects were found for family-controlled firms in the relationships between female director leadership, board integrity, politically connected firms, external assurance, and SRQ. While no interacting effect was found for family-controlled firms in the relationship between board communication and SRQ. The results of the study indicate that an effective board can help ameliorate agency issues thereby enhancing corporate reporting quality. Hence, compliance with Bursa Malaysia guidelines (e.g. the Practice Note 9 Updates) and the Malaysian Sustainability Reporting Guide could be reinforced to further increase the quality of sustainability disclosures in Malaysia. The findings provide valuable input for the management of corporate organizations in their unrelenting efforts to remain competitive and satisfy the needs of stakeholders as a means of better performance and corporate legitimization.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Moses, Elaigwu
author_facet	Moses, Elaigwu
author_sort	Moses, Elaigwu
title	Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
title_short	Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
title_full	Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
title_fullStr	Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
title_full_unstemmed	Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
title_sort	board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2021
url	https://etd.uum.edu.my/9354/1/depositpermission_s903471.pdf https://etd.uum.edu.my/9354/2/s903471_01.pdf
_version_	1794023762535907328

Board governance mechanisms, external assurance, and sustainability reporting quality: the moderating role of family-controlled firms

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