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Audit Committee and Financial Performance in Jordan:The Moderating Effect of Ownership Concentration

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dc.contributor.authorSaddam Ali Shatnawien_US
dc.contributor.authorAhmad Mareien_US
dc.contributor.authorMustafa Mohd Hanefahen_US
dc.contributor.authorMonther Eldaiaen_US
dc.contributor.authorSaad Alaarajen_US
dc.date.accessioned2024-05-29T02:25:42Z
dc.date.available2024-05-29T02:25:42Z
dc.date.issued2021
dc.date.submitted2022-2-14
dc.descriptionVolume: 17 No: 4 (page: 45-53)en_US
dc.description.abstractOwnership concentration (OC) can affect a wide range of corporate governance (CG) mechanisms. Jordan is characterized by high OC such as family ownership and managerial ownership. The effectiveness of the audit committee (AC) as one of the major CG mechanisms is affected by OC, which in turn, affects accounting and market-based performance among Jordanian listed companies. Based on this fact, it is believed that OC can moderate the relationship between AC on accounting and market based performance in Jordan. The main purpose of this study is to examine the moderating effect of OC between audit committee effectiveness (ACE) and accounting and market based performance in Jordan. This study used data obtained from 828 firm-year observations of companies listed in Amman stock exchange (ASE) in industrial and service sectors from 2009 to 2017. The findings display that OC has a direct positive effect on ROE and ROA and a negative direct effect on TQ. The results revealed that OC positively moderated the relationship between ACE and ROE as well as ROA. However, OC did not moderate the effect of ACE on Tobin’s Q (TQ). Overall, the hypotheses are accepted in terms of ROA and ROE while it is rejected in terms of Tobin’s Q. OC only moderated the effect of ACE on ROA and ROE but not on TQ.en_US
dc.identifier.doi10.14254/1800-5845/2021.17-4.4
dc.identifier.epage53
dc.identifier.issn1800-6698
dc.identifier.issue4
dc.identifier.spage45
dc.identifier.urihttps://mnje.com/sites/mnje.com/files/045-053_-_shatnawi_et_al._-_pay_pal_-__nik_-_rrr.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/10488
dc.identifier.volume17
dc.language.isoen_USen_US
dc.publisherELIT - Economic Laboratory for Transition Researchen_US
dc.relation.ispartofMontenegrin Journal of Economicsen_US
dc.subjectAudit Committee, Jordan, Moderating, Performance, Ownership Concentrationen_US
dc.titleAudit Committee and Financial Performance in Jordan:The Moderating Effect of Ownership Concentrationen_US
dc.typeArticleen_US
dspace.entity.typePublication

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