University Utara Malaysia | COMMERCE

This paper investigates the determinants of internet environmental disclosure (IED) amongst Malaysian listed companies. Ten variables have been tested using data collected from 170 Malaysian listed company websites, namely, dominant... more

This paper investigates whether determinants of financial disclosure are similar to environmental disclosure through the Internet. In other words, this paper examines the relationship between Internet financial disclosure (IFD), Internet... more

This paper investigates whether Internet Financial Disclosure (IFD) can be explained by the elements of the company’s characteristics and dominant personalities in board committ ees. Ten variables have been tested using data collected... more

_______________________________________________________________________ ABSTRACT— The purpose of this paper is to empirically examine the affect of service quality dimensions on the customers' satisfaction in Telecommunication companies... more

The purpose of the study was to identify the significance of selected components of corporate governance over performance of companies listed in Bursa Malaysia. In this study the most important components of corporate governance;... more

Bookmark
Download
- by Ali Alarussi
- •
- board's characteristics

The rapid growth of internet technology has made it possible for companies to directly and instantly disclose their financial and non-financial information to fulfil user needs worldwide. The purpose of this paper is to examine whether... more

For more than one decade, a new media has been used in business sector and communication;many firms in different countries are using the internet to present their products and also to disclose their information (fiancial and... more

Bookmark
Download
- by Ali Alarussi
- •
- 2
  Agency Theory, Environmental Discourse

This paper focuses on environmental disclosure on the Internet and empirically examines whether ownership structure and company characteristics have a significant association with the level of Internet environmental disclosure (IED)... more

— he paper aims to indicate the impact of ownership structure traced by domestic and foreign shareholders numbers on the value relevance of earnings and book value individually and in aggregate for Jordanian industrial sector within the... more

— he paper aims to indicate the impact of ownership structure traced by domestic and foreign shareholders numbers on the value relevance of earnings and book value individually and in aggregate for Jordanian industrial sector within the period from 1992 to 2002. Using price model, domestic and total shareholders numbers significantly declined the value relevance of both individual and aggregate book value but not that of earnings. Foreign shareholders number shows no impact on the value relevance of both accounting variables. Domestic and total shareholders numbers affected more the value relevance of book value than that of earnings. In their combination, share price responds more to book value than earnings when the impact of ownership structure is included. Our findings might provide financial reporting users with a good comprehension regarding the valuation practices and set prime fundamentals for future research that is interested in testing our hypotheses in more details. I. INTRODUCTION A wide research on whether a company's market value of equity reflects the usefulness of accounting information has been conducted by examining the association between them. A firm market value could be impacted by the relevant accounting information disclosed by that firm. The indirect role of financial instruments productive capacity (such as stocks) is in separating firm management away from its owners which could increase public confidence and attract more investments. Additionally, it is a fact that many factors in a country might affect equity market value. While share index could reflect the trend and level of economic developments in a certain extent [14], one important economic factor that might affect share value is attracting more investments to a company. Since increasing such investments in a company influences its ownership structure, our paper tries to indicate whether ownership structure matters to firm value. The impact of ownership structure proxied by different measures such as institutional, concentration, governmental, percentage and others on firm value has been well examined in prior studies and a mixed of significant results has been concluded [9], [21], [10[, [8] and [6]. Whereas accounting information has been considered as a meaningful resource for firm valuation, it is important to indicate whether ownership structure in other proxies such as domestic and foreign shareholders numbers could significantly impact the relationship between accounting information and market equity value (as value relevance) and whether those proxies have the ability to guide market participants in evaluating their investments in stock exchanges. Recently, valuation model has been expanded to include different accounting and non-accounting information as other information according to Ohlson model (1995). Our paper is stimulated by the valuation research that has investigated the impact of ownership structure as a non-accounting information on the accounting information relevance [5], [4], [18]. Consequently, the current study tries to test whether non-accounting information could be an indicator to firm value. Using price model, the impact of percentage foreign ownership in the local firm on the value relevance of its earnings and book value has been tested by [5] and [6] in Korea and Russia respectively. In Jordan, while the impact of percentage share of foreign companies in local economy on the value relevance of earnings has been examined by [4], the impact of foreign and local shareholders number on the value relevance of earnings and book value has been tested by [18]. Both studies used return model. The current study extends the previous ones by investigating the impact of domestic and foreign shareholders number on the value relevance of earning and book value in Jordan employing price model. Accordingly, while relevant accounting information might reflect firm value and to be more close to our topic, we are interested in testing how could non-accounting information traced by domestic and foreign shareholders number (as ownership structure proxies) impact the accounting information relevance. Therefore, our study tries to investigate whether extending the number of those proxies impacts the value relevance of earnings and book value individually and in aggregate for Jordanian industrial companies within the period from 1992 to 2002. Our paper addresses the following questions: (1) does extending domestic or/and foreign investments in a company have a significant impact on its accounting information relevance? And (2), which ownership proxy among domestic, foreign shareholders or their total number more impacts the accounting information relevance?

Bookmark
Download
- by Ali Alarussi and +1
  Dhiaa Shamki
- •
- 3
  Agency Theory, Accounting Information, Value Relevance

This study empirically examines the effect of corporate board structure on foreign share ownership in Gulf Cooperation Council (GCC) countries. Specifically, it examines the effect of the financial expertise of the board of directors,... more

This study empirically examines the impact of effectiveness of both corporate boards and audit committee on foreign ownership in selected non-financial listed companies of the stock markets in Gulf Cooperation Council (GCC) countries. The... more

The purpose of this paper is to examine the factors affecting profitability in Malaysian-listed companies. It has been argued that profitability is the main pillar for any company to survive in the long run. Although profitability is the... more

The purpose of this paper is to examine the factors affecting profitability in Malaysian-listed companies. It has been argued that profitability is the main pillar for any company to survive in the long run. Although profitability is the primary goal of all business ventures, scant attention has been paid to the factors that affect profitability in developing countries. This study investigates the factors affecting profitability in Malaysian-listed companies. This research is based on five independent variables that were empirically examined for their relationship with profitability. These variables are: firm size (as measured by total sales), working capital (WC), company efficiency (assets turnover ratio), liquidity (current ratio) and leverage (debt equity ratio and leverage ratio). Data of 120 companies listed on Bursa Malaysia covering the period from 2012 to 2014 were extracted from companies' annual reports. During this period, the economy in Malaysia was fluctuating due to currency depreciation. Third, the study used both return on equity and earnings per share as indicators of profitability Pooled ordinary least squares regression and fixed-effects were used to analyze the data. The findings show a strong positive relationship between firm size (total sales), WC, company efficiency (assets turnover ratio) and profitability. The results also show a negative relationship between both debt equity ratio and leverage ratio and profitability. Liquidity (current ratio) has no significant relationship with profitability. These results benefit internal users (such as mangers, shareholders and employees). They can realize the determinants of enhancing the profitability of their company after the depreciation of the Malaysian currency and therefore concentrate more on the factors that enhance their companies' profitability. On the other side, other external users (such as investors, creditors, new established companies, tax authority) also may get advantages of these results. It is clear that those users concern about the profitability of companies and the determinants of their profitability after the currency's depreciation.

Bookmark
Download
- by Ali Alarussi
- •
- 2
  Effectiveness, Financial Leverage

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please... more

If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.com Emerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services. Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. Abstract Purpose-The purpose of this paper is to examine the factors affecting profitability in Malaysian-listed companies. It has been argued that profitability is the main pillar for any company to survive in the long run. Although profitability is the primary goal of all business ventures, scant attention has been paid to the factors that affect profitability in developing countries. This study investigates the factors affecting profitability in Malaysian-listed companies. Design/methodology/approach-This research is based on five independent variables that were empirically examined for their relationship with profitability. These variables are: firm size (as measured by total sales), working capital (WC), company efficiency (assets turnover ratio), liquidity (current ratio) and leverage (debt equity ratio and leverage ratio). Data of 120 companies listed on Bursa Malaysia covering the period from 2012 to 2014 were extracted from companies' annual reports. Pooled ordinary least squares regression and fixed-effects were used to analyze the data. Findings-The findings show a strong positive relationship between firm size (total sales), WC, company efficiency (assets turnover ratio) and profitability. The results also show a negative relationship between both debt equity ratio and leverage ratio and profitability. Liquidity (current ratio) has no significant relationship with profitability. Research limitations/implications-Due to the time limitation, the data includes only 120 companies listed in bursa Malaysia and covers the period from 2012 to 2014. Practical implications-These results benefit internal users (such as mangers, shareholders and employees). They can realize the determinants of enhancing the profitability of their company after the depreciation of the Malaysian currency and therefore concentrate more on the factors that enhance their companies' profitability. On the other side, other external users (such as investors, creditors, new established companies, tax authority) also may get advantages of these results. It is clear that those users concern about the profitability of companies and the determinants of their profitability after the currency's depreciation. Originality/value-This study differs than previous studies in many ways: first, it focuses on non-financial listed companies in Malaysia. Previous studies have concentrated on companies in the financial sector, such as banking and financial institutions or on industrial organizations. Second, this study analyzes the data in companies' annual reports for a three-year period from 2012 to 2014. During this period, the economy in Malaysia was fluctuating due to currency depreciation. Third, the study used both return on equity and earnings per share as indicators of profitability. Fourth, the results of the study provide empirical evidence that large size firms with efficiently managed assets can improve operating income and ultimately enhance profitability. Last but not least, this study applies the resource-based theory and the trade-off theory.

Bookmark
Download
- by Ali Alarussi
- •
- Financial Leverage

The purpose of this study is to examine the relationships between selected components of corporate governance and financial performance of listed companies in Bursa Malaysia. In this study, the most critical components of corporate... more

Purpose-This paper examines the financial ratios that may have a significant effect on the efficiency in Malaysian listed companies. Nine financial ratios measure seven variables which are firm visibility, tangibility, working capital,... more

This paper examines whether or not there is any relationship between executive directors’ compensation and the effectiveness and efficiency ratios of non-financial companies in Malaysia. Two variables are used in this study as independent... more

This study attempts to investigate the effect of the ownership structure characteristics (ownership concentration, managerial ownership and government ownership) on firm performance (ROA) among non-financial Omani companies during... more

The purpose of this paper is to empirically examine the affect of service quality dimensions on the customers’ satisfaction in Telecommunication companies in Yemen. These dimensions are tangibility, reliability, responsiveness, assurance... more

COMMERCE

Log In