The impact of qualitative characteristics of accounting information on the decision-making process in Oman’s food industry

The main objective of this study is to demonstrate the effects of accounting information on the decisionmaking process in selected companies in the Omani food industry. The study sample consists of 100 top managers from the selected companies. A descriptive and analytical approach has been adopted to achieve the objective of the study. A structured questionnaire was used to collect primary data. An Empirical research design has been used with the aid of a statistical package for social sciences SPSS version 24). The results of the analysis of ANOVA showed that there is a positive and significant effect of reliability and comparability on decision-making. At the same time, there was no significant relationship between relevance and decision-making. The study underscores the importance of accounting information predictors in the decision-making process

دور المدقق الداخلي في تعزيز الحوكمة باستخدام نموذج خطوط الدفاع الثالثة

يهدف البحث إلى بيان دور المدقق الداخلي في تعزيز الحوكمة باستخدام نموذج خطوط الدفاع الثالثة بالتطبيق على عينة من الشركات الصناعية في سلطنة عمان وتشخيص درجة التزام الشركات بتلك الخطوط وتشخيص جوانب الضعف في إجراءاتها. لتحقيق هدف البحث تم تصميم استبانه وزعت على المدققين الداخلين، والمديرين الماليين ومساعديهم، والمديرين العامين، أعضاء مجلس االدارة، واعضاء لجنة التدقيق في الشركات الصناعية في سلطنة عمان. تم تحليل نتائج االستبانه باستخدام برنامج .17v Stata. أظهرت نتائج وجود تأثير معنوي للمحاور الثالثة )التزام اإلدارة التشغيلية بالمتطلبات القانونية والتنظيمية واألخالقية، إدارة المخاطر ووظائف االمتثال والجودة، دور التدقيق الداخلي التوكيدي واالستشاري وفق نموذج خط الدفاع الثالثة( على تعزيز الحوكمة في المنظمات ، وأن أكثر المحاور التزاما من قبل الشركات المبحوثة هو المحور الخاص باالدارة التشغيلية وأقلها التزاما هو المحور الخاص بالتدقيق الداخلي

The impact of board diversity on financial reporting quality in the GCC listed firms: the role of family and royal directors

The present study examines the impact of board diversity on financial reporting quality with special consideration of the extent to which family and royal directors influence financial reporting quality (FRQ). The study utilises a sample of 181 listed GCC firms over the period from 2010 to 2016. Board personal attributes, including board expertise, age, gender, and nationality are investigated along with some other board issues such as; board size, meetings, and independence. Panel data analysis with fixed and random effect models are conducted to estimate the results. The results reveal that companies with large board size and greater age have less FRQ. Further, the results report that institutional founders, higher board independence, and expertise associate with greater levels of FRQ. The results also find that board meetings and family founders negatively influence FRQ. However, female directors, foreign directors, and royal board members setting in the board did not contribute to the levels of FRQ in the sampled companies. Finally, the results indicate that companies with a CEO royal member have higher levels of FRQ however, companies with chair board royals have less levels of FRQ. This research has valuable implications for investors, board of directors, analysts, academicians, and policymakers

The Effect of Political Connections and Family Ownership on Operating Cash Flows Management: Empirical Evidence from Egypt

Purpose: This paper aims to investigate the effect of political connections and family ownership Each separately and the interactive effect between them on cash flows management.   Design/Methodology/Approach: To analyze the research hypotheses, the author used a panel data model by ordinary least squares' Depending on historical data from 72 active non-financial firms listed on the Egypt Stock Exchange during the period of 2012-2019. The final data set comprises a total 576 firm-year observations from twelve major non-financial industry classifications.   Findings: The current study found that there is a Positive impact of family ownership on cash flow management, and there is a positive relationship between political connections and cash flows management while there is a negative relationship between family firms with political connections and cash flows management.   Research limitations/Implications: This research is limited to dealing with direct family ownership structures and does not deal with indirect family ownership. Likewise, this research does not deal with the political connections in companies that arise through direct government ownership. Also, this research was limited to using linear regression analysis that did not address nonlinear regression or the structural equation model to examine the effect of family ownership and political connections on cash flows management.   Practical implications: Practitioners such as investors and lenders dealing with companies in the Egyptian capital market, which is considered one of the emerging markets with low protection for small investors, benefit from the results of this study due to the impact of family ownership and political connections when making their investment decisions. At the same time, the study helps provide important information about the business environment and conditions. Investing in developing countries like Egypt.   Originality/Value: The current study contributes to the literature by showing that different characteristics of companies such as family ownership and political connections can produce different consistent results between an emerging and developed economy, especially in the area of cash flows management. As this is the first study to analyze these relationships in the financial market in Egypt, where the study demonstrates the important role of the impact of political connections and family ownership separately, in addition to the joint effect of political connections and family ownership on cash flows management through empirical evidence

Do Oil Price, Renewable Energy, and Financial Development Matter for Environmental Quality in Oman? Novel Insights from Augmented ARDL Approach

As an oil-exporting country, Oman traditionally relies on oil sources to meet its energy demand. The country has not been able to safeguard its environment from carbon emissions (CO2)-related adversities. In this context, this study evaluated the impacts of the price of oil, financial development, economic growth, and nonrenewable energy on the environmental quality in Oman. The research used the recently developed augmented autoregressive distributed lag (ARDL) approach to investigate annual data from 1980 to 2018. The outcomes revealed the following: (i) financial development negatively affected ecological quality in the short and long term; (ii) oil prices positively impact carbon emissions in the long term; however, the price of oil does not significantly influence CO2 emissions in the short term; (iii) nonrenewable energy is harmful for ecological quality over both the short and long term; (iv) there is a causal link among financial development, nonrenewable energy, and carbon emissions. The current research outcomes present valuable findings for Oman’s policymakers in heading toward sustainable financial and energy sectors

Exploring the Impact of Sustainability, Board Characteristics, and Firm-Specifics on Firm Value: A Comparative Study of the United Kingdom and Turkey

The study aims to investigate the effect of several sustainability indicators on firms’ value. Panel data of 1914 observations from the UK and Turkey from 2016 to 2021 with a fixed effect model are used to estimate the results. The findings reveal that ESG indicators associate significantly with firms’ value. However, ESG indicators exhibit a stronger significant association with Tobin’s Q than stock prices and market-to-book value. This indicates that sustainability indicators are linked to the firm’s overall market value and the long-term run market valuation rather than just the stock market value. The results also reveal that while board independence, board expertise, and diversity exhibit a significant and positive association with firms’ value, board size negatively affects firms’ value. The current study provides unique contributions and comprehensive evidence based on different institutional and country sustainability enforcement statuses. It offers empirical implications for regulatory authorities and other developing countries to provide a comprehensive ESG reporting framework

Exploring the Impact of Sustainability, Board Characteristics, and Firm-Specifics on Firm Value: A Comparative Study of the United Kingdom and Turkey

The study aims to investigate the effect of several sustainability indicators on firms’ value. Panel data of 1914 observations from the UK and Turkey from 2016 to 2021 with a fixed effect model are used to estimate the results. The findings reveal that ESG indicators associate significantly with firms’ value. However, ESG indicators exhibit a stronger significant association with Tobin’s Q than stock prices and market-to-book value. This indicates that sustainability indicators are linked to the firm’s overall market value and the long-term run market valuation rather than just the stock market value. The results also reveal that while board independence, board expertise, and diversity exhibit a significant and positive association with firms’ value, board size negatively affects firms’ value. The current study provides unique contributions and comprehensive evidence based on different institutional and country sustainability enforcement statuses. It offers empirical implications for regulatory authorities and other developing countries to provide a comprehensive ESG reporting framework