Family ownership and the effectiveness of audit committee in Saudi Arabia
Other Title(s)
الشركات العائلية السعودية و أثرها على فعالية لجنة التدقيق
Joint Authors
al-Juaydi, Khalid Salimin
Masud, Abd Allah
al-Zahrani, Abd Allah Muhammad
Alawi, Nahij Abd al-Majid
Source
Journal of King Abdul Aziz University : Economics and Administration
Issue
Vol. 31, Issue 1 (30 Jun. 2017), pp.135-147, 13 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2017-06-30
Country of Publication
Saudi Arabia
No. of Pages
13
Main Subjects
Financial and Accounting Sciences
Abstract EN
This study aims at investigating the association between family ownership and the effectiveness of audit committee by Saudi listed companies.
The study utilizes a crosssectional analysis of 521 firm-year observations during the 2007-2011 period.
A pooled OLS regression analysis is used to estimate the association proposed in the hypothesis.
The study finds that family ownership is associated adversely with the effectiveness of audit committee.
The result of this study suggests that family controlled companies are characterized to not have good corporate governance practices in terms of the effectiveness of audit committee as an internal control and monitoring mechanism.
Further, the result of this study contributes to the existing theory and empirical evidence of how the effectiveness of audit committee is related negatively to the concentrated family ownership in a unique setting of corporate ownership and corporate governance.
This study offers policy-makers additional evidence to be used for setting up and/or enacting regulations in Saudi Arabia.
American Psychological Association (APA)
Masud, Abd Allah& al-Juaydi, Khalid Salimin& al-Zahrani, Abd Allah Muhammad& Alawi, Nahij Abd al-Majid. 2017. Family ownership and the effectiveness of audit committee in Saudi Arabia. Journal of King Abdul Aziz University : Economics and Administration،Vol. 31, no. 1, pp.135-147.
https://search.emarefa.net/detail/BIM-1319096
Modern Language Association (MLA)
Masud, Abd Allah…[et al.]. Family ownership and the effectiveness of audit committee in Saudi Arabia. Journal of King Abdul Aziz University : Economics and Administration Vol. 31, no. 1 (2017), pp.135-147.
https://search.emarefa.net/detail/BIM-1319096
American Medical Association (AMA)
Masud, Abd Allah& al-Juaydi, Khalid Salimin& al-Zahrani, Abd Allah Muhammad& Alawi, Nahij Abd al-Majid. Family ownership and the effectiveness of audit committee in Saudi Arabia. Journal of King Abdul Aziz University : Economics and Administration. 2017. Vol. 31, no. 1, pp.135-147.
https://search.emarefa.net/detail/BIM-1319096
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 145-146
Record ID
BIM-1319096