Corporate governance mechanisms and audit report timeliness: empirical evidence from Oman

Q4 Economics, Econometrics and Finance
S. Baatwah, Zalailah Salleh, Norsiah Ahmad
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引用次数: 41

Abstract

This study provides empirical testing of evidence on whether internal and external corporate governance mechanisms are associated with audit report timeliness. We employ data from companies listed on the Omani capital market. Using a panel data approach, we discover that only internal corporate governance mechanisms associated with timely audit report. More specifically, we find board characteristics such as size and expertise, and audit committee characteristics such as financial expertise, are associated with improved audit report timeliness. By using composite measure for internal corporate governance mechanisms, we also find that audit committee quality enhances audit report timeliness while board quality does not. We further demonstrate that corporate governance mechanisms play a substitution role rather than a complementary role in explaining audit report timeliness. Thus, we conclude that corporate governance mechanisms in Oman are not as effective as in more developed countries and that regulators in such a less developed country should impose and encourage substantial corporate governance practices instead of merely adhering to pro-forma practices.
公司治理机制与审计报告及时性:来自阿曼的经验证据
本研究对内部和外部公司治理机制是否与审计报告及时性相关的证据进行了实证检验。我们采用了阿曼资本市场上市公司的数据。利用面板数据方法,我们发现只有公司内部治理机制与及时的审计报告相关。更具体地说,我们发现董事会的特征(如规模和专业知识)和审计委员会的特征(如财务专业知识)与审计报告及时性的提高有关。通过对公司内部治理机制的综合衡量,我们还发现审计委员会质量提高了审计报告的及时性,而董事会质量没有提高审计报告的及时性。我们进一步证明,公司治理机制在解释审计报告及时性方面起替代作用,而不是补充作用。因此,我们得出结论,阿曼的公司治理机制不如发达国家有效,这样一个欠发达国家的监管机构应该强制实施和鼓励实质性的公司治理实践,而不仅仅是坚持形式实践。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
0.70
自引率
0.00%
发文量
7
期刊介绍: IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.
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