18 research outputs found
Corporate social performance determinants: a study of marketing petroleum and food and beverages industry in Nigeria
No full textA corporation operating within any societal environment should have mutual
and positive relationship with the society. This relationship can be achieved and
maintained in the long run if the company discharge its social responsibility
adequately as a positive gesture in the exchange of societal resources utilized,
nuisance created or damages caused. This study examined the effect between
profitability, firm size, corporate tax (CT) and Corporate Social Performance
(CSP) focusing on the Nigerian marketing petroleum and food and beverages
sector. The population of this study comprises of marketing petroleum and food
and beverages companies that are listed in the Nigerian Stock Exchange (NSE).
Data were collected from the annual report and accounts of the selected
companies for a period of ten years (2006- 2015). Using the profit before tax
and interest, tax paid and the annual turnover as proxies for profitability,
corporate tax and firm size respectively. This study also employed Structural
Equation Modelling (SEM) for data analysis. The results revealed a significant
positive effect between profitability, corporate tax and CSP. The result of the
study shows a significant negative effect between firm size and CSP.
Recommendations made include the need for Nigerian government,
organisation, environmentalist, accountants, economists, and expert in business
management to collaborate in educating and sensitize the investing public and
corporate bodies to consider CSP as one of the important guidance factor for
investment decision
Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
No full textThe purpose of this study was to examine the relationship between dividend
payout, retained earnings, corporate tax and stock prices with a focus on the
Nigerian banking sector. The population of the study comprises of banks that
are listed in the Nigerian Stock Exchange. The study samples were selected
using purposive sampling method. Data were collected from the Annual report
and accounts of the sampled banks for a period of ten years (2006- 2015). The
Ordinary Least Square Regression Model was used to estimate the relationship
between dividend pay-out, retained earnings, corporate tax and stock prices
with the aid of Statistical Package for Social Science (SPSS). Regression Results
shows that dividend pay-out has significant positive relationship with stock
market prices. The study also revealed that retained earnings have a significant
positive relationship with share prices. Corporate tax, has significant negative
relationship with the stock prices of the listed commercial banks in Nigeria
Effect of dividend policy on stock prices: analysis of listed banks in Nigeria
No full textLink to publisher's homepage at http://ijbt.unimap.edu.myThe purpose of this study was to examine the relationship between dividend
payout, retained earnings, corporate tax and stock prices with a focus on the
Nigerian banking sector. The population of the study comprises of banks that
are listed in the Nigerian Stock Exchange. The study samples were selected
using purposive sampling method. Data were collected from the Annual report
and accounts of the sampled banks for a period of ten years (2006- 2015). The
Ordinary Least Square Regression Model was used to estimate the relationship
between dividend pay-out, retained earnings, corporate tax and stock prices
with the aid of Statistical Package for Social Science (SPSS). Regression Results
shows that dividend pay-out has significant positive relationship with stock
market prices. The study also revealed that retained earnings have a significant
positive relationship with share prices. Corporate tax, has significant negative
relationship with the stock prices of the listed commercial banks in Nigeria
Governance mechanisms and earnings management practices in Malaysian public listed firms
No full textCorporate management misconducts have caused many corporate failures, most of which involving earnings manipulation. The resulting corporate failures have raised questions related to the effectiveness of corporate governance mechanisms (CGM) in curbing management’s manipulation of financial reports. The Malaysian Code on Corporate Governance encourages corporations to go above and beyond when it comes to corporate governance. This study was conducted with the aim to explore the effect of internal and external governance mechanisms in predicting earnings management. Specifically, this study examines the following factors in relation to earnings management: external audit quality, audit and board committees, internal control disclosure, quality of accounting practice, leadership and organisational structure. Corporate data of listed firms on Bursa Malaysia covering financial periods of 2011 to 2021 were used to examine the research hypotheses. The analytical method used in the current study was descriptive statistic and panel corrected standard error (PCSE) methods of panel regression through STATA version 17. Five models were used to estimate earnings management practices. Findings provide support on the effectiveness of the following governance mechanisms: independent specialised auditor T, audit reputation, audit opinion, internal control system disclosure, audit committee size, audit committee meetings, audit committee financial expertise, remuneration committee, supervisory board size, management compensation, family ownership and foreign ownership. On the contrary, gender composition, nomination committee, timely loss recognition, value relevance, corporate volunteer disclosure, corporate risk disclosure were found to be ineffective in predicting earnings management
The Influence of External Audit Quality on Discretionary Accruals and Real Earnings Management Practices: An Analysis of Malaysian Firms
No full textThis paper aims to analyse the mitigating effects of external audit quality (EAQ) factors on earnings management (EM) practices. Data were collected from firms listed on Bursa Malaysia’s main market, covering the years 2011 through 2022. Panel regression was employed to analyse the data. The findings of this study confirmed a significant negative association between audit reputation, audit quality, audit opinions, and EM of listed firms in Malaysia. Audit fees and audit tenure were found to be not significant in relation to EM. The study included five control variables in the analysis, and only economic value added (EVA) was found to be significant. The findings suggest that a number of audit quality factors are indicative of EM among listed firms. The authors extend, as well as contribute to, the growing literature on the EAQ, and therefore, wider corporate governance literature. Thus, it provides originality by presenting empirical evidence and outcomes to fully understand how discretionary accrual and real EM affect EAQ in the Malaysian context. Therefore, stakeholders should place higher concern on the selection of an external auditor, and investors should take into account the external audit factors when making investment decisions. Measuring the effectiveness of EAQ allows decision-makers to evaluate how effective employed governance measures are in improving shareholders’ perceptions of financial information quality and mitigating EM practice
Employee empowerment and service quality delivery: Moderating role of organizational commitment among nursing staff of Nigerian Public Hospitals
No full textLink to publisher's homepage at https://ijbt.unimap.edu.myThe objective of this study is to examine the relationship between Employee Empowerment (EE) and Service Quality Delivery (SQD) with Organizational Commitment (OC) as a moderator in the context of the public hospitals in North-western Nigeria. Data was collected through a questionnaire with a sample of nurse’s respondents. PLS-SEM algorithm and bootstrap techniques were used to analyse the measurement model and structural model for the direct and indirect relationships between EE and SQD; including OC variables as a moderator variable. The results indicated that meaningfulness and competence were significantly related to SQD. However, the moderating role of OC on the relationship between meaningfulness, competence and SQD is not significantly established. Hence, public hospitals need to focus on recognising, understanding, and implementing EE, thereby, enhancing employee nurses’ ability to achieving higher SQD. Management also needs to encourage and train their nursing employees to display discretion in their commitments
Ownership Structure and Earnings Management Practices: An Empirical Evidence from Malaysian Public Firms: DOI: https://doi.org/10.33093/ijomfa.2023.4.1.4
No full textThis paper aims to analyse the mitigating effects of ownership structure on earnings management (EM) practices. Data were collected from firms listed on Bursa Malaysia’s main market, covering the years 2011 through 2021. Panel Regression was employed to analyses the data, with the aid of STATA software version 17. The finding of this study confirmed significant negative association between foreign ownership (FOW) and EM of listed firms in Malaysia. Additionally, managerial ownership (MOW) and ownership concentration (OC) were found to be insignificantly related to EM. Similarly, the two control variables included in the analysis, only firm size (FISZ) was found to be significantly related to EM practices. Practically, this study offers an effective framework for OC, MOW, FOW and EM to reduce executive manager's opportunistic behaviour. The findings from this study supports the need for broader understanding so that investors and other stakeholders can see through earnings reports and, as a result, make informed contractual decisions, particularly when those decisions pertain to non-owner-controlled firms. In addition, the study’s findings provide helpful information to stakeholders in Malaysian listed companies on the value of FOW and it influence on EM mitigation
Ownership Structure and Earnings Management Practices: An Empirical Evidence
No full textThis paper aims to analyse the mitigating effects of ownership structure on earnings
management (EM) practices. Data were collected from firms listed on Bursa Malaysia’s
main market, covering the years 2011 through 2021. Panel Regression was employed to
analyses the data, with the aid of STATA software version 17. The finding of this study
confirmed significant negative association between foreign ownership (FOW) and EM
of listed firms in Malaysia. Additionally, managerial ownership (MOW) and ownership
concentration (OC) were found to be insignificantly related to EM. Similarly, the two
control variables included in the analysis, only firm size (FISZ) was found to be
significantly related to EM practices. Practically, this study offers an effective framework
for OC, MOW, FOW and EM to reduce executive manager's opportunistic behaviour.
The findings from this study supports the need for broader understanding so that
investors and other stakeholders can see through earnings reports and, as a result, make
informed contractual decisions, particularly when those decisions pertain to non-ownercontrolled firms. In addition, the study’s findings provide helpful information to
stakeholders in Malaysian listed companies on the value of FOW and it influence on EM
mitigation
Nexus among disclosure quality, discretionary accruals and real earnings management practices: An empirical analysis of Malaysian public firms
No full textFollowing the financial crisis, business practice and regulatory have become much more interested in corporate disclosure on risk and risk management. The crises necessitate enhancing corporate governance (CG) processes, risk disclosure, reporting, and accounting. This paper aims to empirically analyze specific components of disclosure quality that could be associated with the likelihood of mitigating earnings management (EM) practices. The Bursa Malaysia website, Bloomberg, and the annual reports of the listed firms were utilized as the sources for the data. Descriptive statistics and GLS methods of panel regression were the analytical techniques used in the current investigation. Corporate data of the listed firms on Bursa Malaysia covering financial periods of 2011–2022 were used to examine the research hypotheses. The findings from the panel regression suggested that internal control system disclosure (ICSD) and intellectual capital disclosure (ICD) both have negative and significant associations to the likelihood of EM practices. However, the findings also established negative but insignificant relationships between corporate risk disclosure (CRD), corporate voluntary disclosure (CVD), and the likelihood of EM practices across the sample. This study has implications to companies striving to satisfy shareholders and attract potential investors. The authors add to the growing body of literature on quality disclosure to the larger body of CG literature. Additionally, the study is original as it is the first to consider four qualities (internal control system disclosure, corporate risk disclosure and corporate voluntary disclosure, and voluntary ICD in the Malaysian context of EM practices
The Relationship between Ownership Structure and Real Earnings Management Practices: Evidence from Malaysian Public Companies
No full textThis study aimed to examine the mitigating effects of ownership structure on real earnings management practices
among Malaysian public-listed firms. Data was collected from firms listed on Bursa Malaysia’s main market,
covering the years 2011 through 2021. The findings of Generalised Least Squares panel regression confirmed the
significant negative effect of family ownership and foreign ownership on listed firms’ real earnings management,
while managerial ownership and ownership concentration demonstrated insignificant effects. Practically, this
study offers an effective framework for ownership structure and real earnings management practices to reduce
executive managers' opportunistic behaviour. The findings contribute to a broader understanding of these
phenomena so that investors and other stakeholders can better analyse earnings reports and, therefore, make
informed decisions, particularly pertaining to non-owner-controlled firms
