Almaqtari Faozi A, Hashed Abdulwahid A, Shamim Mohd
Department of Accounting, College of Commerce and Economics, Hodeidah University, Hodeidah, 1814, Yemen.
Department of Accounting, College of Business Administration, Prince Sattam Bin Abdulaziz University, Al-Kharj, Saudi Arabia.
Heliyon. 2021 Jan 6;7(1):e05848. doi: 10.1016/j.heliyon.2020.e05848. eCollection 2021 Jan.
The present study examines the impact of corporate governance mechanisms on compliance with IFRS and financial reporting quality in some selected Gulf countries. The study aims to investigate this issue using a sample of 98 firms listed in Saudi Arabia, Oman, and the United Arab Emirates over the period from 2015 up to 2018. Descriptive statistics, correlation, and regression analysis are conducted to estimate the results. The results reveal that audit committee attributes have a higher impact on compliance with IFRS and financial reporting quality than other corporate governance mechanisms. Further, the results show that there is no evidence to support that the collective effect of corporate governance mechanisms has changed to be more influential from Saudi GAAP to IFRS. The present study has several contributions and implications. It has a unique contribution as it attempts to compare the effect of corporate governance mechanisms on financial reporting quality and compliance with IFRS among a recent IFRS adopter; Saudi Arabia and early IFRS adopters; Oman and the United Arab Emirates. The study opens valuable insights to regulators, stock markets, practitioners, and academicians in this issue.
本研究考察了公司治理机制对一些选定海湾国家遵守国际财务报告准则（IFRS）及财务报告质量的影响。该研究旨在通过对2015年至2018年期间在沙特阿拉伯、阿曼和阿拉伯联合酋长国上市的98家公司组成的样本进行调查来研究这一问题。进行描述性统计、相关性分析和回归分析以估计结果。结果显示，审计委员会的属性对遵守IFRS及财务报告质量的影响比其他公司治理机制更大。此外，结果表明，没有证据支持公司治理机制的集体效应从沙特公认会计原则（GAAP）转变为IFRS后变得更具影响力。本研究有若干贡献和启示。它具有独特的贡献，因为它试图比较公司治理机制对财务报告质量的影响以及近期采用IFRS的沙特阿拉伯、早期采用IFRS的阿曼和阿拉伯联合酋长国在遵守IFRS方面的情况。该研究为监管机构、股票市场、从业者和学者在这个问题上提供了宝贵的见解。
