The effect of governance code compliance on audit committee diversity and corporate voluntary disclosure : evidence from dynamic panel approach

• Autorzy: Kabara Ali Shariff , Abdullah Dewi Fariha , Othman Aniza

Identyfikatory

DOI

10.17512/pjms.2019.20.1.20

Warianty tytułu

PL

Wpływ zgodności kodeksu zarządzania na różnorodność komisji audytowej i dobrowolne ujawnianie informacji : rezultaty podejścia dynamicznego

• Języki publikacji: EN

Abstrakty

EN

This study examines the impact of regulatory compliance on the relationship between the audit committee diversity and the extent of voluntary disclosure in the Nigerian listed firms. The study investigates 71 company from 10 sectors listed on the Nigerian Stock Exchange (NSE) in the period of 2011-2017. As we adopt a basic and causality research design, a quantitative approach through generalized method of moment (GMM) panel models was used to analyse the data collected from each company’s annual report and the stock exchange fact books. The result indicates that regulatory compliance has a positive and significant impact on the audit committee and voluntary disclosure. Furthermore, audit committee independence and financial expertise have a positive influence on voluntary disclosure due to the positive interaction effect of regulatory compliance. The main contribution is the introduction of corporate governance regulations as a moderator of this relationship besides using the system Generalized Method of Moment (GMM) approach as a superior estimator. This study provides insights to policymakers and the business firms interested in improving the effectiveness of corporate governance within their countries.

PL

Tematyką tego artykułu jest wpływ zgodności z przepisami na związek między różnorodnością komisji ds. Audytu a zakresem dobrowolnego ujawnienia informacji w nigeryjskich spółkach giełdowych. Przebadano 71 spółek z 10 sektorów notowanych na nigeryjskiej giełdzie papierów wartościowych (NSE) w latach 2011-2017. W badaniu zastosowano podejście ilościowe poprzez uogólnione metoda momentu (GMM) do analizy danych zebranych z raportu rocznego każdej spółki i ksiąg faktów giełdowych. Wynik wskazuje, że zgodność z przepisami ma pozytywny i znaczący wpływ na komisji audytu poprzez dobrowolne ujawnienie. Ponadto niezależność komisji audytu i wiedza finansowa mają pozytywny wpływ na dobrowolne ujawnianie informacji ze względu na zgodność z przepisami. Główną zasługą jest wprowadzenie przepisów dotyczących ładu korporacyjnego jako moderatora tej relacji, oprócz zastosowania systemowego podejścia uogólnionej metody (GMM) jako nadrzędnego estymatora. Badanie to dostarcza informacji decydentom politycznym i firmom zainteresowanym poprawą skuteczności ładu korporacyjnego w swoich krajach.

Słowa kluczowe

EN

audit committee diversity; voluntary disclosure; governance code compliance; generalized method of moments; GMM; Nigerian listed firms

PL

różnorodność komisji audytu; dobrowolne ujawnianie; zgodność z kodeksem zarządzania; ogólna metoda momentów; GMM; nigeryjskie spółki giełdowe

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2019
• Tom: Vol. 20, No. 1
• Strony: 223--232
• Opis fizyczny: Bibliogr. 25 poz., tab.

Twórcy

autor

Kabara Ali Shariff

• Universiti Teknologi Malaysia (UTM), Azman Hashim International Business School

autor

Abdullah Dewi Fariha

• Universiti Teknologi Malaysia (UTM), Azman Hashim International Business School

autor

Othman Aniza

• Universiti Teknologi Malaysia (UTM), Azman Hashim International Business School

Bibliografia

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• 6. Blendinger, G., Michalski, G. (2018). Long-Term Competitiveness Based on Value Added Measures As Part of Highly Professionalized Corporate Governance Management of German Dax 30 Corporations. Journal of Competitiveness, 10(2), 5-20.
• 7. Bosáková, I., Kubíček, A. & Strouhal, J. (2019). Governance codes in the developing and emerging countries: Do they look for the international role model? Economics and Sociology, 12(3), 251-272.
• 8. Chen, S., Komal, B. (2018). Audit committee financial expertise and earnings quality: A meta-analysis. Journal of Business Research, 84(November 2016), 253-270.
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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).