The impact of audit committee features on environmental and community disclosure – empirical evidence from GCC countries
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DOIhttp://dx.doi.org/10.21511/imfi.22(1).2025.07
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Article InfoVolume 22 2025, Issue #1, pp. 82-93
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This study examines the extent of environmental and community disclosures and evaluates how audit committee features influence such disclosures among listed firms in Bahrain and Kuwait, Gulf Cooperation Council (GCC) countries of emerging markets. The research employs an unweighted disclosure index comprising 18 items related to environmental and community disclosures, analyzing 432 firm-year observations across Bahrain and Kuwait covering a nine-year period (2015–2023). Three audit committee features (independence, number of meetings, and size) along with the number of other board committees are examined in this empirical investigation. Descriptive analysis indicates that the sampled firms offer 44.25% and 60.60% of environmental and community information, respectively, signaling a satisfactory disclosure level in Bahrain and Kuwait. This demonstrates progress compared to prior studies in GCC countries. Hierarchical Multiple Regression models demonstrate that all four models significantly describe the dependent variables. Regression model four exhibits the highest explanatory power in explaining community information. Audit committee independence and size emerge as determinants of community information, while only audit committee independence is associated with environmental information. The results of this study bear significant implications for governmental bodies and regulatory authorities aiming to strengthen disclosure regulations and promote corporate governance frameworks within GCC nations.
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JEL Classification (Paper profile tab)M41, Q56, M42
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References32
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Tables7
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Figures0
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- Table 1. Firms included in the current empirical investigation
- Table 2. Dependent variable
- Table 3. Independent and control variables
- Table 4. Descriptive results
- Table 5. Correlation results
- Table 6. Regression results (Models 1 and 2, TOTGR1)
- Table 7. Regression results (Models 3 and 4, TOTGR2)
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The association between Corporate Social Responsibility Disclosure and accounting-based financial performance: a Kuwaiti evidence
Meshari Al-Hajri
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Fawaz Al-Enezi
doi: http://dx.doi.org/10.21511/imfi.16(1).2019.01
Investment Management and Financial Innovations Volume 16, 2019 Issue #1 pp. 1-13 Views: 2437 Downloads: 267 TO CITE АНОТАЦІЯThe current study aims at extending prior accounting research on the association between Corporate Social Responsibility Disclosure (CSRD) and Corporate Financial Performance (CFP) using a sample of listed firms on Kuwait Stock Exchange (KSE) from 2011 to 2012. It conducts a regression analysis to investigate the association between CSRD and CFP, as well as investigates the impact of firm size, leverage, and industry affiliation as the key determinants suggested by prior research on the level of CSRD. The results of the present study reveal that both CFP and firm size have significant positive associations with CSRD, whereas, in contrast, firm’s leverage and firm’s industry affiliation show non-significant associations with CSRD.
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Moderating effect of internal control system to determinants influencing the financial statement disclosure
Khoirul Aswar ,
Jumansyah Jumansyah ,
Sri Mulyani ,
Mahendro Sumardjo
doi: http://dx.doi.org/10.21511/imfi.18(3).2021.10
Investment Management and Financial Innovations Volume 18, 2021 Issue #3 pp. 104-112 Views: 1784 Downloads: 719 TO CITE АНОТАЦІЯThis study examines whether the internal control system moderates the relationship among budget expenditure, government size, legislative size, and audit findings on financial statement disclosure in Indonesia. This is a quantitative study that uses the purposive sampling technique to collect data from 240 local governments in Indonesia. Data were analyzed using Structural Equation Modelling (SEM) with Smart PLS. The results show that government size, legislative size, and audit findings had a positive and significant effect on financial statement disclosure, whereas budget expenditure does not. In addition, the findings revealed that the internal control system moderates the relationship between government size and legislative size and financial statement disclosure, but not by audit findings. The study contributed to extending the institutional and agency theory that explains these factors toward disclosure in the local government in Indonesia. The findings suggest that Indonesia’s local governments consider potential factors regarding increasing pressure to carry out disclosure of financial statements, as well as increasing the proper disclosure required by applicable Indonesian regulations.
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The impact of strategic planning on enhancing the strategic performance of banks: evidence from Bahrain
Banks and Bank Systems Volume 14, 2019 Issue #2 pp. 140-151 Views: 1771 Downloads: 1173 TO CITE АНОТАЦІЯThis study aims to test the impact of strategic planning on enhancing the strategic performance of Bahraini banks. The study has two variables. The strategic planning as an independent variable includes a group of four perspectives, namely environmental scanning, strategy formulation, strategy implementation, and strategy evaluation. The strategic performance as a dependent variable also includes a group of four perspectives: financial, customer, internal business process, and learning and growth. The sample of the study consists of the employees of 10 of all the 12 commercial banks in Bahrain. A questionnaire was developed to gather the data. Five questionnaires were distributed to each bank totaling 50 questionnaires. The results showed that the strategic planning has a good statistically significant impact on financial, customer, and learning and growth. The results also showed a medium statistically significant impact of strategic planning on internal business process. The research recommended focusing on all aspects of the strategic performance in the banks under study, specifically the internal business process perspective.
