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Board of Directors’ Characteristics and Financial Restatement

Abstract The purpose of this study is to explore the effects of bond characteristics on financial restatement. The characteristics of board of directors are board size, board independence, directors’ tenure, gender diversity, board competence, board ethnicity, foreign board, duality role, multipl...

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Main Author:	Suhaily Hasnan, Hafizah Marzuki
Format:	Article
Language:	English
Published:	Universiti Sains Islam Malaysia 2017
Subjects:	Financial restatement, accounting misstatement, board of directors’ characteristics, board composition, board diversity, corporate governance.
Online Access:	http://ddms.usim.edu.my:80/jspui/handle/123456789/15298
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id	my.usim-15298
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spelling	my.usim-152982017-09-27T08:45:15Z Board of Directors’ Characteristics and Financial Restatement Suhaily Hasnan, Hafizah Marzuki Financial restatement, accounting misstatement, board of directors’ characteristics, board composition, board diversity, corporate governance. Abstract The purpose of this study is to explore the effects of bond characteristics on financial restatement. The characteristics of board of directors are board size, board independence, directors’ tenure, gender diversity, board competence, board ethnicity, foreign board, duality role, multiple directorship, directors having political connections, board age and founder on board. The sample comprise of 76 restatement firms and 152 non-restatement firms that are listed on the Main Market of BURSA Malaysia for the period between 2006 and 2013. This study used univariate and multivariate statistical techniques to test research hypotheses. The findings show that size of board, cross directorship, political linkages and founder on board are significantly associated with the financial restatement incidents. These findings may provide some general implication for future research that some form of board characteristics can influence the direction and magnitude of financial restatement. Furthermore, this study focuses on the Agency Theory and the Resource Dependence Theory in attempt to explain the relationship between board characteristics and financial restatement. 2017-09-27T08:45:15Z 2017-09-27T08:45:15Z 2017-09 Article 1823-075X 0126-5954 http://ddms.usim.edu.my:80/jspui/handle/123456789/15298 en JMIFR vol.14 no.1 Jun 2017; Universiti Sains Islam Malaysia
institution	Universiti Sains Islam Malaysia
building	USIM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universit Sains Islam i Malaysia
content_source	USIM Institutional Repository
url_provider	http://ddms.usim.edu.my/
language	English
topic	Financial restatement, accounting misstatement, board of directors’ characteristics, board composition, board diversity, corporate governance.
spellingShingle	Financial restatement, accounting misstatement, board of directors’ characteristics, board composition, board diversity, corporate governance. Suhaily Hasnan, Hafizah Marzuki Board of Directors’ Characteristics and Financial Restatement
description	Abstract The purpose of this study is to explore the effects of bond characteristics on financial restatement. The characteristics of board of directors are board size, board independence, directors’ tenure, gender diversity, board competence, board ethnicity, foreign board, duality role, multiple directorship, directors having political connections, board age and founder on board. The sample comprise of 76 restatement firms and 152 non-restatement firms that are listed on the Main Market of BURSA Malaysia for the period between 2006 and 2013. This study used univariate and multivariate statistical techniques to test research hypotheses. The findings show that size of board, cross directorship, political linkages and founder on board are significantly associated with the financial restatement incidents. These findings may provide some general implication for future research that some form of board characteristics can influence the direction and magnitude of financial restatement. Furthermore, this study focuses on the Agency Theory and the Resource Dependence Theory in attempt to explain the relationship between board characteristics and financial restatement.
format	Article
author	Suhaily Hasnan, Hafizah Marzuki
author_facet	Suhaily Hasnan, Hafizah Marzuki
author_sort	Suhaily Hasnan, Hafizah Marzuki
title	Board of Directors’ Characteristics and Financial Restatement
title_short	Board of Directors’ Characteristics and Financial Restatement
title_full	Board of Directors’ Characteristics and Financial Restatement
title_fullStr	Board of Directors’ Characteristics and Financial Restatement
title_full_unstemmed	Board of Directors’ Characteristics and Financial Restatement
title_sort	board of directors’ characteristics and financial restatement
publisher	Universiti Sains Islam Malaysia
publishDate	2017
url	http://ddms.usim.edu.my:80/jspui/handle/123456789/15298
_version_	1645153885068722176
score	13.222552

Board of Directors’ Characteristics and Financial Restatement

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