The association between institutional monitoring, political connections and audit report lag: evidence from the Malaysian capital market

IF 3.2 Q1 BUSINESS, FINANCE Journal of Accounting in Emerging Economies Pub Date : 2024-06-19 DOI:10.1108/jaee-08-2023-0238
Ameen Qasem
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Abstract

Purpose

This study aims to examine the association between institutional investors’ ownership (IOW), politically connected firms (POCF) and audit report lag (AUDRL).

Design/methodology/approach

This study employs a feasible generalised least squares (FGLS) model for panel data to examine the association between IOW, POCF and AUDRL for Malaysian publicly listed companies.

Findings

The findings reveal a statistically significant negative relationship between IOW and AUDRL, with this negative relationship being more pronounced amongst POCF. Additionally, the results demonstrate that the relationship between IOW and AUDRL varies depending on the domicile of IIs (local vs. foreign). Specifically, local institutional investors exhibit a negative and statistically significant relationship with AUDRL, whilst foreign institutional investors show a positive and statistically significant relationship with AUDRL.

Originality/value

The results of this study provide a new understanding of auditor responses to institutional investor monitoring and political connections (PCs) in an emerging economy.

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机构监督、政治关系与审计报告滞后之间的关联:来自马来西亚资本市场的证据
本研究旨在探讨机构投资者所有权(IOW)、政治关联公司(POCF)与审计报告滞后(AUDRL)之间的关联。本研究采用可行的广义最小二乘法(FGLS)面板数据模型,探讨马来西亚上市公司的 IOW、POCF 与 AUDRL 之间的关联。此外,研究结果表明,IOW 与 AUDRL 之间的关系因机构投资者的注册地(本地与外国)而异。具体而言,本地机构投资者与 AUDRL 呈负相关,且在统计上有显著关系,而外国机构投资者与 AUDRL 呈正相关,且在统计上有显著关系。
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来源期刊
CiteScore
5.80
自引率
13.00%
发文量
38
期刊最新文献
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