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The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study

This study is an attempt to achieve the main objective by examining the association between the board of director’s characteristics, audit committee characteristics and the executive committee characteristics and the performance of the Oman companies.This study used many assumptions to test the rela...

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Main Authors: Al-Matari, Ebrahim Mohammed, Al-Swidi, Abdullah Kaid, Fadzil, Faudziah Hanim
Format: Article
Language:English
Published: Canadian Center of Science and Education 2014
Subjects:
HF5601 Accounting
Online Access:http://repo.uum.edu.my/18433/1/ASS%2010%2011%202014%20149-171.pdf
http://repo.uum.edu.my/18433/
http://doi.org/10.5539/ass.v10n11p149
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spelling my.uum.repo.184332016-07-20T09:14:17Z http://repo.uum.edu.my/18433/ The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study Al-Matari, Ebrahim Mohammed Al-Swidi, Abdullah Kaid Fadzil, Faudziah Hanim HF5601 Accounting This study is an attempt to achieve the main objective by examining the association between the board of director’s characteristics, audit committee characteristics and the executive committee characteristics and the performance of the Oman companies.This study used many assumptions to test the relationship between independent variables and dependent variable as discussed in the section explaining the study method.The data comprised of 162 non-financial companies because financial and non-financial companies employ different methods and they have different structures.As this study attempts to bridge the gap in the existing literature by investigating the association between corporate governance mechanisms and firm performance in the emerging market of Oman, it focuses on adding new important variables of corporate governance mechanisms like board change, the role of secretary on the board, the legal counsel and the executive committee characteristics that improve firm performance.The findings indicated a significantly positive relationship between board size, board meeting, audit committee independence and executive committee independence, and the Tobin`s Q. On the other hand, board independence and legal counsel are significantly and negatively related to Tobin`s Q. Moreover, a positive but insignificant relationship is found between CEO tenure, CEO compensation, audit committee size, and the firm performance (Tobin`s Q). Furthermore, board change, the role of the secretary on the board, audit committee meeting, executive committee size and executive committee meeting are revealed to have a negative but insignificant association with firm performance (Tobin`s Q). Finally, this study provides recommendations for future research. Canadian Center of Science and Education 2014 Article PeerReviewed application/pdf en cc_by http://repo.uum.edu.my/18433/1/ASS%2010%2011%202014%20149-171.pdf Al-Matari, Ebrahim Mohammed and Al-Swidi, Abdullah Kaid and Fadzil, Faudziah Hanim (2014) The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study. Asian Social Science, 10 (11). pp. 149-171. ISSN 1911-2017 http://doi.org/10.5539/ass.v10n11p149 doi:10.5539/ass.v10n11p149
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HF5601 Accounting
spellingShingle HF5601 Accounting
Al-Matari, Ebrahim Mohammed
Al-Swidi, Abdullah Kaid
Fadzil, Faudziah Hanim
The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study
description This study is an attempt to achieve the main objective by examining the association between the board of director’s characteristics, audit committee characteristics and the executive committee characteristics and the performance of the Oman companies.This study used many assumptions to test the relationship between independent variables and dependent variable as discussed in the section explaining the study method.The data comprised of 162 non-financial companies because financial and non-financial companies employ different methods and they have different structures.As this study attempts to bridge the gap in the existing literature by investigating the association between corporate governance mechanisms and firm performance in the emerging market of Oman, it focuses on adding new important variables of corporate governance mechanisms like board change, the role of secretary on the board, the legal counsel and the executive committee characteristics that improve firm performance.The findings indicated a significantly positive relationship between board size, board meeting, audit committee independence and executive committee independence, and the Tobin`s Q. On the other hand, board independence and legal counsel are significantly and negatively related to Tobin`s Q. Moreover, a positive but insignificant relationship is found between CEO tenure, CEO compensation, audit committee size, and the firm performance (Tobin`s Q). Furthermore, board change, the role of the secretary on the board, audit committee meeting, executive committee size and executive committee meeting are revealed to have a negative but insignificant association with firm performance (Tobin`s Q). Finally, this study provides recommendations for future research.
format Article
author Al-Matari, Ebrahim Mohammed
Al-Swidi, Abdullah Kaid
Fadzil, Faudziah Hanim
author_facet Al-Matari, Ebrahim Mohammed
Al-Swidi, Abdullah Kaid
Fadzil, Faudziah Hanim
author_sort Al-Matari, Ebrahim Mohammed
title The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study
title_short The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study
title_full The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study
title_fullStr The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study
title_full_unstemmed The effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in Oman: An empirical study
title_sort effect of board of directors characteristics, audit committee characteristics and executive committee characteristics on firm performance in oman: an empirical study
publisher Canadian Center of Science and Education
publishDate 2014
url http://repo.uum.edu.my/18433/1/ASS%2010%2011%202014%20149-171.pdf
http://repo.uum.edu.my/18433/
http://doi.org/10.5539/ass.v10n11p149
_version_ 1644282454425468928
score 13.211869

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