Nik Zaki - Academia.edu (original) (raw)
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Graduate Center of the City University of New York
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Papers by Nik Zaki
Corporate Ownership and Control, 2014
This study examines the effectiveness of audit committee independence when moderated by firms’ fa... more This study examines the effectiveness of audit committee independence when moderated by firms’ family ownership. This is to investigate the implication of revised Malaysia Code on Corporate Governance (2007) that requires majority composition of independence directors in the audit committee. We study 1,206 firm-year observations between fiscal years 2004 to 2009 of firms listed in Bursa Malaysia. The findings suggest that independent directors are more effective in curbing earnings management when there is stronger ownership of family members. Our research offers insights on the important of family institutional structures on corporate governance reforms in Malaysia. Malaysian family firms are mostly traditional firms which have built their reputation and strength in the industry for many generations. The reputation built, improve shareholders confidence and reduce potential agency conflicts
Abstract Purpose - The purpose of this study is to examine the relationship between audit committ... more Abstract Purpose - The purpose of this study is to examine the relationship between audit committee diversity and earnings management in Malaysia after the revision of Malaysian Code of Corporate Governance (MCCG) in 2007. Design/methodology/approach – The sample for this study was drawn from 280 companies listed on Bursa Malaysia in 2005, 2006, 2008 and 2009. Multivariate regression analysis was used to address the research hypotheses. The discretionary accrual was estimated using the Modified Jones Model which was used to proxy for earnings management. Findings - The study found negative correlation between the compositions of Malay audit committee members with earnings management. In contrast, female directors show no effect in mitigating earnings management which may be due to the small size of female members in the audit committee. Research limitations/implication – This study provides to the researchers new empirical results on the effectiveness of audit committee diversity in...
Corporate Ownership and Control, 2014
This study examines the effectiveness of audit committee independence when moderated by firms’ fa... more This study examines the effectiveness of audit committee independence when moderated by firms’ family ownership. This is to investigate the implication of revised Malaysia Code on Corporate Governance (2007) that requires majority composition of independence directors in the audit committee. We study 1,206 firm-year observations between fiscal years 2004 to 2009 of firms listed in Bursa Malaysia. The findings suggest that independent directors are more effective in curbing earnings management when there is stronger ownership of family members. Our research offers insights on the important of family institutional structures on corporate governance reforms in Malaysia. Malaysian family firms are mostly traditional firms which have built their reputation and strength in the industry for many generations. The reputation built, improve shareholders confidence and reduce potential agency conflicts
Abstract Purpose - The purpose of this study is to examine the relationship between audit committ... more Abstract Purpose - The purpose of this study is to examine the relationship between audit committee diversity and earnings management in Malaysia after the revision of Malaysian Code of Corporate Governance (MCCG) in 2007. Design/methodology/approach – The sample for this study was drawn from 280 companies listed on Bursa Malaysia in 2005, 2006, 2008 and 2009. Multivariate regression analysis was used to address the research hypotheses. The discretionary accrual was estimated using the Modified Jones Model which was used to proxy for earnings management. Findings - The study found negative correlation between the compositions of Malay audit committee members with earnings management. In contrast, female directors show no effect in mitigating earnings management which may be due to the small size of female members in the audit committee. Research limitations/implication – This study provides to the researchers new empirical results on the effectiveness of audit committee diversity in...