Drafts by redhwan al-dhamari
this is information of the researcher, Redhwan Ahmed Al-dhamari
Papers by redhwan al-dhamari
Journal of Sustainable Finance & Investment, Jan 18, 2024
Journal of Applied Accounting Research, Apr 15, 2020
International Journal of Finance & Economics, Oct 12, 2020
Social Science Research Network, 2019
Proceedings - Academy of Management, Aug 1, 2020
Global Business Review, Mar 27, 2017
Social Science Research Network, Sep 30, 2020
Contaduría y Administración, Apr 10, 2018
International Journal of Accounting & Information Management
Purpose The purpose of this study is to empirically examine how the voluntary formation of a spec... more Purpose The purpose of this study is to empirically examine how the voluntary formation of a specialised investment committee (IC) and IC characteristics affect financial distress risk (FDR) and whether such impact is influenced by the level of investment inefficiency. Design/methodology/approach The authors use a large sample of Gulf Cooperation Council (GCC) non-financial companies during 2006–2016. A principal component analysis is done to aggregate and derive a factor score for IC characteristics (i.e. independence, size and meeting) as a proxy for the effectiveness of IC. This study also uses three measurements of FDR to corroborate the findings and partitions sample firms into overinvesting and underinvesting companies to examine the potential impact of investment inefficiency on the IC–FDR nexus. Findings Using feasible generalised least square estimation method, the authors document that the likelihood of financial distress occurrence decreases for firms with separate ICs. T...
EuroMed Journal of Business
PurposeThe current research inspects the moderation role of ownership concentration on chief exec... more PurposeThe current research inspects the moderation role of ownership concentration on chief executive officer (CEO) characteristics and real earnings management (REM) relationship in Jordan.Design/methodology/approachDriscoll–Kraay regressions were run using data from 348 firm-year observations for companies listed on the Amman Stock Exchange between 2013 and 2018.FindingsDriscoll–Kraay regressions demonstrate that CEO experience, tenure and political connections improve REM practices. Ownership concentration diminishes and limits REM practices when combined with CEO experience, tenure and political connections, since all three have a negative and significant link with REM.Research limitations/implicationsInitial constraints include the study’s lack of generalisability due to a small number of CEO-related parameters. Second, critics of the ideal model for judging EM have a foreseeable flaw. No generally accepted model is perfect.Practical implicationsThis study’s conclusions are cr...
Journal of Business Management and Accounting
The certainty of the reliance on the use of financial ratio analysis in making investment decisio... more The certainty of the reliance on the use of financial ratio analysis in making investment decisions by potential investors still remained a mystery. This has to do with the choice of ratios to select when making investment decisions. Many shareholders in Nigeria are uneducated or illiterate, and due to their ignorance, they cannot use ratio analysis in evaluating firms for investment decisions. Thus, this paper explores the concept of financial ratio analysis in terms of the decision usefulness of financial ratios. The paper suggests that the relevant financial information needed for the purposes of making investment decision can be sourced through the use of financial ratio analysis. Therefore, management must ensure that disclosure of comprehensive financial ratios form part of financial statement prepared for the overall appraisal of firms.
Afro-Asian J. of Finance and Accounting
This study examines the influence of corporate board monitoring on real earnings management pract... more This study examines the influence of corporate board monitoring on real earnings management practice in Nigeria. It also explores whether the presence of politically connected directors weakens/strengthen the board by using 385 firm-year observations of listed companies on the Nigerian Stock Exchange for the period between 2012 and 2016. The study uses Driscoll-Kraay standard error regression to estimate the model parameters. The results show that politically connected directors have significant positive influence on real earnings manipulations. We also establish that the interaction of politically connected directors with the board weakened the board monitoring power, and thus led to breach of corporate governance. The results also indicate that foreign CEOs and CEOs with financial expertise decrease the propensity of real earnings manipulations in Nigeria. Hence, we draw the attention of regulators to improve the independence of the board in order to control politically connected directors from weakening the board monitoring power.
Journal of Accounting in Emerging Economies
PurposeThe authors empirically investigate the impact of the existence of a stand-alone risk comm... more PurposeThe authors empirically investigate the impact of the existence of a stand-alone risk committee (RC) and its characteristics on the likelihood of stock price crash risk in listed financial firms on the Bursa Malaysia. The authors also test whether the effect of RC on crash risk is attenuating or amplifying by the level of institutional ownership.Design/methodology/approachThe authors use a principal components analysis (PCA) to aggregate and derive a factor score for risk committee characteristics (i.e. independence, qualification, and size) as a proxy for the effectiveness of RC. The study also employs two distinct stock price crash risk measurements to corroborate the findings and partition institutional ownership into dedicated and transient to examine the potential impact of institutional shareholding on RC-stock price crash risk association.FindingsRegression analysis reveals that only RC qualification has a significant negative impact on stock price crash risk. However,...
Pacific Accounting Review
Purpose This paper aims to examine the stock market reactions of firms and industries in Malaysia... more Purpose This paper aims to examine the stock market reactions of firms and industries in Malaysia to the government’s COVID-19 movement control order (MCO) announcement. As China is Malaysia’s leading trading partner, the authors also observe if the Chinese Government’s confirmation of human-to-human coronavirus transmission affects firms’ stock market reactions. In addition, this study examines whether the Malaysian Government’s ease of restrictions on economic activities affects firms’ stock market reactions. Finally, this study analyses the effect of COVID-19 number of confirmed cases on firms’ abnormal returns. Design/methodology/approach This study uses an event study methodology to determine the abnormal returns between day −30 to day 30 of the announcements. In addition, this study uses the regression estimation to determine whether the COVID-19 number of confirmed cases explain the abnormal returns. Findings This study finds that investors react negatively to the announcemen...
Academy of Management Proceedings, 2020
Prior researches focus mainly on the relationship between governance structure and earnings quali... more Prior researches focus mainly on the relationship between governance structure and earnings quality. Unlike the previous researches, this study attempts to empirically examine the role of surplus free cash flow (SFCF) as a moderator in the relationship with the new requirements of Malaysian code on corporate governance (MCCG). By using the estimated generalized least square (EGLS) upon a sample of Malaysian firms, the results show that firms with an independent chairman experience persistent earnings numbers. The results also demonstrate that the current earnings of firms with small boards and independent audit committee members are more likely to persist in the future, when SFCF is high. However, in contradiction to the authors’ expectation is the significant, but negative and interactive effect of current earnings and audit committee competence on earnings persistence. The findings, though disappointing, suggest investors to consider both the governance structure and free cash flo...
Emerging Markets: Finance eJournal, 2018
This study evaluates corporate governance practices of listed firms in the UAE and investigates w... more This study evaluates corporate governance practices of listed firms in the UAE and investigates whether corporate governance mitigates/exacerbates the impact of leverage and risk on firm performance during crisis and non-crisis times. The study constructs a corporate governance index not only to examine the dispute of the role of corporate governance during the crisis, but also its influence on other factors that fuelled the crisis. A firm-level panel data is used that spans the period 2008 to 2012 of all listed firms on ADX and DFM. The study finds a positive influence of corporate governance strength on the accounting performance, but a negative influence on the firms’ economic performance. In normal times, corporate governance mitigates the negative influence of leverage and risk on the accounting and economic firm performance. However, this synergy effect varies across performance indicators during crisis.
ERN: Corporate Governance (Emerging Markets Economics) (Topic), 2011
This study examines whether the association between selected governance variables and earnings in... more This study examines whether the association between selected governance variables and earnings informativeness depends on surplus free cash flow agency problem in the Malaysian environment, where concentrated shareholding by family members is common and minority investor protection is relatively weak. Our results find that boards with a higher proportion of independent directors and competent audit committees are more likely to report informative earnings numbers. We also demonstrate that firms with independent chairman, small boards, and high surplus free cash flow experience informative earnings figures. However, in contradiction to our expectation are the negative influence of audit committee meetings, audit committee competence, and shareholding by executive directors when agency problems of surplus free cash flow are high. The findings of this study serve as a wake-up call to policy makers to consider strengthening law and developing financial market infrastructures so that min...
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Drafts by redhwan al-dhamari
Papers by redhwan al-dhamari