اطار مقترح لتفعيل دور لجنة المراجعة کأحد الاليات الداخلية لحوکمة الشرکات في الحد من مشکلة عدم تماثل المعلومات مع دراسة ميدانية

السيد فوده, شوقي; عبد الفتاح العجمي, هالة; حمدي الشک, غادة

doi:10.21608/alat.2016.218080

	اطار مقترح لتفعيل دور لجنة المراجعة کأحد الاليات الداخلية لحوکمة الشرکات في الحد من مشکلة عدم تماثل المعلومات مع دراسة ميدانية
المجلة المصرية للدراسات التجارية
Article 4, Volume 40, Issue 3, July 2016, Page 181-237 PDF (1.1 MB)
Document Type: المقالة الأصلية
DOI: 10.21608/alat.2016.218080
View on SCiNiTO
Authors
شوقي السيد فوده; هالة عبد الفتاح العجمي; غادة حمدي الشک
کلية التجارة - جامعة کفر الشيخ
Abstract
The research aims to suggest a framework includes some qualifications for being the role of the audit committee more effective in reducing the information asymmetry problem , and to achieve this aim have two main hypothesis testing "There is no significant effect statistically significant for activating the role of the audit committee in reducing the problem of asymmetry of information", "There are no significant statistical differences between the views of the investigator, including with respect to activate the role of the audit committee in reducing the problem of information asymmetry " The study found that the presence of an effective audit committee leads to the strengthening of the economic center of the organization by providing the rest of the members of the Board of Directors with adequate information and sufficient to improve the Council's decisions in the affairs of the organization management, they line official contact between members of the Board executive and non-executive directors limiting the problem of asymmetry of information within Council and reduce agency costs and the consequent tightening of the control of the Council on the organization, as the study found that there are statistically significant fundamental differences at the level (0.05) between the views of the investigator whom they (investors - preparers of financial statements - academics) on the impact of activating the role of the audit committee in reducing the problem of information asymmetry .


References
1- Allegrini , Marco and Giulio Gero,2013, " Corporate boards , audit committees and voluntary disclosure : evidence from Italian listed companies ", J Manag Gov. , Vol.17, PP.187-216. 2- Atiase , K.Rouland and L., Smith Bamber , 1994 , " Trading volume reactions to annual accounting earning announcements : The incremental role of predisclosure information asymmetry ", Journal of Accounting & Economics , Vol.17 , No.3 , PP.309-330. 3- Brad Ford Cornell and Erik R . Sirri , 1992 , " The Reaction of Investors and Stock Prices to Insider Tracting " , The Journal of Finance , (July) , Vol. xlvn , No. 3 , PP. 1031-1059 . 4- Beumann , W. and E. Nier , 2004 , " Disclosure volatility and asymmetry: An empirical investigation Into the value of bank disclosures " , Economic Policy Review, Feudal Reserve Bank of New York , New York , (Sep.) , Vol. 10 , No.2 , PP.31-45. 56 5- Chen . P . , K . Lo. , 2006 , " Insider Trading and Voluntary Disclosure" , Journal of Accounting Research , (Dec.) , Vol. 44 , No. 5 , PP. 143-164 . 6- Cormier, Denis , Marie – Josee Ledoux , Michel Magnan and Walter Aerts , 2010 , " Corporate governance and information asymmetry between managers and investors " , Corporate Governance , Vol. 10 , No. 5 , PP. 574-589 . 7- Daly , A . , Lane , John , S . , Hughes and Judy D . Rayburn , 1995 , " The impact of earning announcements on the permanent price effects of black traders " , Journal of Accounting Research , (Jan.) , Vol.10 , No. 1, PP . 317 – 334 8- Diamond , Douglas W . And Verrecchia , Robert E . , 1991 , " Disclosure , Liquidity and the Cost of Capital " , The Journal of Finance , (Sep.) , Vol.46 , No. 4 , PP. 1325-1359 . 9- Foster , G. , 1986 , Financial Statement Analysis , Prentice Hall- New Jersy. 10- Givoly,Dan and Polman ,Dan , 1989 , " Insider trading and the exploritarion of insider information : Some empirical evidence", Journal of Business , (Jan.) , Vol.8 , No. 1 , PP . 69-87 . 11- J. Levesque , Terrence ;Theresa Libby; Robert Mathieu and Sean W.G.Robby , 2010, " The effect of director monitoring on bid-ask spreads ",Journal Of International Accounting Research , Vol.9,No.2, PP.45-65. 12- Kim , O . , and R . Verrechia , 1994 , " Market liquidity volume around earning announcement " 57 , Journal of Accounting and Economics , ( Jan. ) , Vol. 17 , No. 1 , PP. 41-68. 13- Laura Nyantang Beny , 2004 , " Insider trading laws and stock market around the world : An empirical contribution to the Eoretical Law and economics debate " , Journal of Corporation Law , Forthcoming , Vol.32 , No. 2 , PP. 237-300. 14- Merton, R. A, 1987, "A simple model of capital market equilibrium with incomplete information", The Journal of Finance, (July),Vol.42, No.3, PP. 483-510. 15- Milonas , N . , 1982 , " The problem of asymmetric information acritique and new perspective on the signaling theory " , Working Paper , The city university of New York . 16- O' leary & Stewart , 2007 , " Governance factors affecting internal auditors' ethical decision making – An exploratory study " , Managerial Auditing Journal , Vol.22 , No.8 , PP. 787-80 17- Parvez Ahmed et al . , 2000 , " Can moving average technical trading strategies help in volatile and decling markets ? A study of some emerging Asian markets " , Managerial Finance , Vol. 26 , No. 6 , PP. 49-65 . 18- Plott . R . , and S . , Sunder , 1982 , " Efficiency of experimental security markets with insider information : An application of rational expectation models " , Journal of Political Economy ,(Aug.) , Vol. 90, No. 4 , PP. 663-699. 56 19- Premsika , 2006 , " Some questions about the governance of auditing firms " , University of Essex , U.K. , Available online at www.ssrn.com 20- Rezaee , Z . , 2004, " Corporate governance role infinancial reporting",Research in Accounting Regulation,Vol. 17,No.2,PP.107-149. 21- Stephen Brown , Stephen A . Hillegeist and Kin Lo , 2009 ," The effect of earnings surprises on information asymmetry",Journal of Accounting & Economics,Forthcoming ,Vol. 4 , No. 3, PP7-9 22- Welker .R.G. , 2004 , " Gaps in guidelines on audit committee " , Abacus , Vol.40 , No. 2 , PP. 157-192. 23- Yi – Wenchen et al . ,2008 , "Trading strategies and volume in Taiwan stock markets ",The Business Review , Cambridge , Vol. 11 , No. 1 , PP. 61-86 .
Statistics Article View: 94 PDF Download: 122