Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership

The general objective of this study is to examine the relationship between chief executive officer (CEO) characteristics, namely expertise, age, tenure, network, gender, political connection, ethnicity, founder and financial reporting quality based on the agency theory and upper echelons theory. Fur...

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Main Author:	Altarawneh, Marwan Hasan
Format:	Thesis
Language:	eng eng eng eng
Published:	2020
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/9407/1/depositpermission_s902786.pdf https://etd.uum.edu.my/9407/2/s902786_01.pdf https://etd.uum.edu.my/9407/3/s902786_02.pdf https://etd.uum.edu.my/9407/4/s902786_references.docx
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spelling	my-uum-etd.94072022-05-29T09:29:19Z Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership 2020 Altarawneh, Marwan Hasan Shafie, Rohami Ishak, Rokiah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy (TISSA) HG Finance The general objective of this study is to examine the relationship between chief executive officer (CEO) characteristics, namely expertise, age, tenure, network, gender, political connection, ethnicity, founder and financial reporting quality based on the agency theory and upper echelons theory. Furthermore, this study examines the moderating role of family ownership on the relationship between CEO characteristics and financial reporting quality. This study utilised a proxy of financial reporting quality which is real earnings management (REM). The sample of the study is 1,957 firm-year observations on the Main Market of Bursa Malaysia over the period of 2012 to 2016. In addition, this study obtained the results from the robust standard error of panel data analysis. This study reveals that CEO expertise and gender increase the quality of financial reporting. However, CEO political connection, ethnicity and founder reduced the quality of financial reporting. With regards to CEO age, tenure, and network, this study found no effect on financial reporting quality. The results also show that family ownership moderates the relationship between CEO expertise, gender and ethnicity with financial reporting quality. However, family ownership fails to moderate the relationship between CEO age, tenure, network, political connection and founder with financial reporting quality. This study also conducts several further analyses, which are individual measures (CFO, PROD and DISEXP), REM_CD, REM_PD, subsamples based on Big 4 and non-Big 4, and finally discretionary accruals. These further analyses provide a deep insight of the effects of CEO characteristics and family ownership on financial reporting quality. The results of this study have implications for investors, regulators, and market participants. Policy makers may use the results regarding financial reporting quality to recognise the important roles played by the characteristics of the CEOs in enhancing the quality of financial reporting. This study provides evidence on the effect of family ownership as a moderating variable between CEO characteristics and financial reporting quality in Malaysian firms. 2020 Thesis https://etd.uum.edu.my/9407/ https://etd.uum.edu.my/9407/1/depositpermission_s902786.pdf text eng 2023-11-01 staffonly https://etd.uum.edu.my/9407/2/s902786_01.pdf text eng 2023-11-01 staffonly https://etd.uum.edu.my/9407/3/s902786_02.pdf text eng 2023-11-01 staffonly https://etd.uum.edu.my/9407/4/s902786_references.docx text eng 2023-11-01 staffonly other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng eng
advisor	Shafie, Rohami Ishak, Rokiah
topic	HG Finance
spellingShingle	HG Finance Altarawneh, Marwan Hasan Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
description	The general objective of this study is to examine the relationship between chief executive officer (CEO) characteristics, namely expertise, age, tenure, network, gender, political connection, ethnicity, founder and financial reporting quality based on the agency theory and upper echelons theory. Furthermore, this study examines the moderating role of family ownership on the relationship between CEO characteristics and financial reporting quality. This study utilised a proxy of financial reporting quality which is real earnings management (REM). The sample of the study is 1,957 firm-year observations on the Main Market of Bursa Malaysia over the period of 2012 to 2016. In addition, this study obtained the results from the robust standard error of panel data analysis. This study reveals that CEO expertise and gender increase the quality of financial reporting. However, CEO political connection, ethnicity and founder reduced the quality of financial reporting. With regards to CEO age, tenure, and network, this study found no effect on financial reporting quality. The results also show that family ownership moderates the relationship between CEO expertise, gender and ethnicity with financial reporting quality. However, family ownership fails to moderate the relationship between CEO age, tenure, network, political connection and founder with financial reporting quality. This study also conducts several further analyses, which are individual measures (CFO, PROD and DISEXP), REM_CD, REM_PD, subsamples based on Big 4 and non-Big 4, and finally discretionary accruals. These further analyses provide a deep insight of the effects of CEO characteristics and family ownership on financial reporting quality. The results of this study have implications for investors, regulators, and market participants. Policy makers may use the results regarding financial reporting quality to recognise the important roles played by the characteristics of the CEOs in enhancing the quality of financial reporting. This study provides evidence on the effect of family ownership as a moderating variable between CEO characteristics and financial reporting quality in Malaysian firms.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Altarawneh, Marwan Hasan
author_facet	Altarawneh, Marwan Hasan
author_sort	Altarawneh, Marwan Hasan
title	Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
title_short	Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
title_full	Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
title_fullStr	Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
title_full_unstemmed	Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
title_sort	chief executive officer characteristics and financial reporting quality: the moderating role of family ownership
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2020
url	https://etd.uum.edu.my/9407/1/depositpermission_s902786.pdf https://etd.uum.edu.my/9407/2/s902786_01.pdf https://etd.uum.edu.my/9407/3/s902786_02.pdf https://etd.uum.edu.my/9407/4/s902786_references.docx
_version_	1747828589771882496

Chief executive officer characteristics and financial reporting quality: the moderating role of family ownership

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