Over the last decade, Jordanian Authorities and Government adopted several far‐reaching measures aimed at improving its investment environment. These included introduction of International Accounting Standards (IASs) in 1990, amendment Companies Act 1997 amendments to Investment Promotion Law 1998. This study specifically provides empirical evidence on changes depth corporate disclosure after introducing IASs. In addition, relationship between company's attributes is investigated. The...

Abstract This study utilises higher objectives postulated in Islamic moral economy or the maqasid al - Shari’ah theoretical framework’s novel approach evaluating ethical, social, environmental and financial performance of banks. Maqasid is interpreted as achieving social good a consequence addition to well-being and, hence, it goes beyond traditional (voluntary) responsibility. also explores major determinants that affect expressed through disclosure analysis. By expanding Shari’ah, , we...

Chinese listed companies adopt a two‐tier board structure, Board of Directors (BoD) and Supervisory Board. They are also required to provide in their annual reports supervisory report (SBR). However, Congquin, company, failed issue SBR its 1998 report. This study specifically investigates the usefulness by examining stock market reaction Congquin's omission. The examines Board's reporting process users’ perceived through interviews with directors, members senior executives 16 companies....

This study examines the quality of governance and religious assurance provided by Shariah boards (SBs) when undertaking crucial compliance review required in fulfilling expected ethical social legitimacy Islamic banks. To better understand complex behavioural processes, we explore role SBs assess issues related to competence, effectiveness independence light newly adopted 2011 Malaysian Governance Framework (SGF). A series semi-structured interviews were undertaken with key individuals two...

Purpose The purpose of this paper is to investigate whether audit quality associated with real earnings management in the UK. Design/methodology/approach authors apply panel fixed effects method that controls for heterogeneity across firms related a large sample UK manufacturing companies period 2010–2013. utilized three proxies measure and two quality. Findings results provide evidence fees are negatively abnormal operating cash flows. Conversely, positively discretionary expenses. Besides,...

Purpose Prior studies on Islamic finance provide a limited linkage between organizational theory and the complex Shariah governance framework embraced by banks worldwide. This paper aims to show relevance of application “institutional theory” in banks. Design/methodology/approach study applied library research investigate institutional The authors also critically reviewed prior empirical review papers for accomplishing objectives. Findings Based critical review, found that is most...

Abstract This study investigates the main problems, challenges, and opportunities facing Islamic banking in United Kingdom. The reports results of interviews that were undertaken with senior officials several key financial institutions who have had many years experience dealing banking. Our revealed that, although by strict definition banks do not currently exist UK, London is one major centers for finance. It apparent previously established institutions, such as Al‐Baraka, has made other...

This study investigates the interaction between compulsory and voluntary disclosures in annual reports of Saudi Arabian companies. The sample comprises both listed non‐listed data were analyzed by constructing three separate disclosure indices relating to mandatory disclosure, that closely relates is not related disclosure. results reveal there a significant, positive correlation index. also other two found be weak insignificant. These relationships suggest an absence effective co‐ordination...

Abstract This study investigates the determinants of corporate performance and evaluates whether ISO 9000 registration impacts in a sample Malaysian listed companies. A evaluation model was developed on basis four predictor variables that include return sales (ROS), lender security, free cash flow economic value added (EVA). The results indicate ROS EVA do determine We also find association between financial sampled

This study examines the perceptions of users annual corporate reports in Saudi Arabia. The focus is on use and importance seven different sources information contained reports. includes board director's report, auditor's balance sheet, income statement, statement retained earnings, cash flow statements notes to financial statements. Our sample comprises five major user groups, namely individual investors, institutional creditors, government officials, analysts. In comparison with previous...

(2002). The Supervisory Board in Chinese Listed Companies: Problems, Causes, Consequences and Remedies. Asia Pacific Business Review: Vol. 9, No. 2, pp. 118-137.

Purpose Since International Financial Reporting Standards (IFRS) are not primarily meant for the accounting needs of Islamic banks, Accounting and Auditing Organisation Institutions (AAOIFI) was established to develop specific standards Shari’ah compliance. The purpose this paper is assess de jure harmonisation between disclosure requirements IFRS-based Malaysian (MAS) those AAOIFI. Design/methodology/approach Using Malaysia as a case study, examines extent congruence MAS AAOIFI’s Standard...

This study examines the use of selected management accounting techniques by a sample large and medium sized Saudi manufacturing companies. The analysis revealed that vast majority are focus this used. Traditional perceived to be important heavily used participant Although new techniques, such as ABC JIT, limited number participants, result is in line with those reported studies conducted some developed countries.

Abstract This study examines retail investors’ trading behaviour and its determinants in the Indonesian Shari’ah stock market by mainly focusing on religious practice-related factors form of sadaqah or charitable giving individual behaviour. Contextually, Islamic moral economy (IME) assumes a direct relationship between religiosity due to falah (salvation) oriented objective function, which can be reached through doing ihsan (beneficence for equilibrium). The findings based questionnaire...

Previous studies on motivations for corporate environmental disclosure ( CED ) in emerging countries are generally undertheorized and have neglected to investigate disincentives. This study addresses this gap using legitimacy theory determine whether differences exist between Chinese Malaysian managers relation incentives disincentives . Our findings reveal that suggesting legitimization strategies, if employed, vary perceptions of threat differ countries. The also reports the dominating...

Government linked companies (GLCs) play a unique role in the Malaysian public sector and are perceived to be key drivers of economy wielding influence financial market. This study investigates impact an important governance mechanism, i.e. board directors on performance 32 listed GLCs for period 2008 2013. The attributes examined include size, structure, independence, competence, meetings directors’ equity ownership. three proxies employed return assets (ROA), (ROE) earnings per share (EPS)...

Purpose The study applies Erving Goffman's (1974) “frame analysis” principles to examine how Sharia governance is practiced in Islamic banks and explores the interaction strategies adopted by bank managers influence decisions of scholars. also aims identify inherent flaws compliance review system. Design/methodology/approach employs Goffman as a lens critically analyse rich dataset obtained through interviews undertaken with 46 key players operating framework Malaysian banking industry due...

The aims of this study are twofold: (1) to formulate a model that predicts corporate financial distress and (2), apply the trace potential failure Malaysian financially distressed firms due Asian Financial Crisis 1997. successfully firm's health at rate 88%. predictive accuracy reveals it was significantly better than chance.