Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia

This study examines the relationship between the internal corporate governance mechanisms related to the board of directors, the audit committee characteristics and the performance of listed companies on Saudi Stock Market (TADAWL) in 2010, excluding financial companies. The theoretical foundation o...

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Main Author:	Al-Matari, Yahya Ali Ahsen Tamsh
Format:	Thesis
Language:	eng eng
Published:	2013
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/3802/1/s92869.pdf https://etd.uum.edu.my/3802/8/s92869.pdf
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id	my-uum-etd.3802
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Fadzil, Faudziah Hanim Abdullah Kaid, Al-Swidi
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Al-Matari, Yahya Ali Ahsen Tamsh Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia
description	This study examines the relationship between the internal corporate governance mechanisms related to the board of directors, the audit committee characteristics and the performance of listed companies on Saudi Stock Market (TADAWL) in 2010, excluding financial companies. The theoretical foundation of this relationship was provided by the agency and institutional theory. The data on the relationship between the audit committee and internal audit function was collected through a mail questionnaire. Of the 135 questionnaires distributed, 73 questionnaires, representing a response rate of 4.07 percent, were returned of which 62 (45.93 percent) were usable responses. Other information on firm performance, board of directors and audit committees characteristics was obtained from the annual reports of the respective companies (year-ending 2010). By using the multiple regression analysis, the results show that the effect of internal corporate governance variables on return on assets and Tobin’s Q was somewhat different. The results indicate that the proportion of non-executive directors was found to be positively significant to return on assets. However, the board size was found to be negatively significant to Tobin’s Q. For audit committee characteristics, the extent of audit committee reviews of IA proposals variable was reported to be positively significant to both measures of firm performance (return on assets and Tobin’s Q).In relation to the practical and theoretical contribution, this study provides theoretical validity by suggesting that institutional theory may be more appropriate than agency theory in describing the practices of corporate governance in developing countries such as Saudi Arabia. From a practical perspective, the findings of this study provide feedback to the regulators (e.g. Capital Market Authority) and the companies in Saudi Arabia in a number of ways.
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Al-Matari, Yahya Ali Ahsen Tamsh
author_facet	Al-Matari, Yahya Ali Ahsen Tamsh
author_sort	Al-Matari, Yahya Ali Ahsen Tamsh
title	Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia
title_short	Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia
title_full	Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia
title_fullStr	Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia
title_full_unstemmed	Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia
title_sort	board of directors, audit committee characteristics and the performance of public listed companies in saudi arabia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2013
url	https://etd.uum.edu.my/3802/1/s92869.pdf https://etd.uum.edu.my/3802/8/s92869.pdf
_version_	1747827649594523648
spelling	my-uum-etd.38022022-04-10T02:37:57Z Board of Directors, Audit Committee Characteristics and The Performance of Public Listed Companies in Saudi Arabia 2013 Al-Matari, Yahya Ali Ahsen Tamsh Fadzil, Faudziah Hanim Abdullah Kaid, Al-Swidi Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations This study examines the relationship between the internal corporate governance mechanisms related to the board of directors, the audit committee characteristics and the performance of listed companies on Saudi Stock Market (TADAWL) in 2010, excluding financial companies. The theoretical foundation of this relationship was provided by the agency and institutional theory. The data on the relationship between the audit committee and internal audit function was collected through a mail questionnaire. Of the 135 questionnaires distributed, 73 questionnaires, representing a response rate of 4.07 percent, were returned of which 62 (45.93 percent) were usable responses. Other information on firm performance, board of directors and audit committees characteristics was obtained from the annual reports of the respective companies (year-ending 2010). By using the multiple regression analysis, the results show that the effect of internal corporate governance variables on return on assets and Tobin’s Q was somewhat different. The results indicate that the proportion of non-executive directors was found to be positively significant to return on assets. However, the board size was found to be negatively significant to Tobin’s Q. For audit committee characteristics, the extent of audit committee reviews of IA proposals variable was reported to be positively significant to both measures of firm performance (return on assets and Tobin’s Q).In relation to the practical and theoretical contribution, this study provides theoretical validity by suggesting that institutional theory may be more appropriate than agency theory in describing the practices of corporate governance in developing countries such as Saudi Arabia. From a practical perspective, the findings of this study provide feedback to the regulators (e.g. Capital Market Authority) and the companies in Saudi Arabia in a number of ways. 2013 Thesis https://etd.uum.edu.my/3802/ https://etd.uum.edu.my/3802/1/s92869.pdf text eng public https://etd.uum.edu.my/3802/8/s92869.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Abbott, L.J., Parker, S., & Peters, G. F. (2004). Audit committee characteristics and restatements. 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