Papers by Mohd Zulkifli Mokhtar
The Impact of Audit Quality on the Financial Performance of Listed Companies Nigeria
Journal of critical reviews, 2020
The major corporate failures and other related collapses which occurred around the globe and in N... more The major corporate failures and other related collapses which occurred around the globe and in Nigeria have raised fears about the reliability of the financial reporting practices by listed companies in Nigeria. This agitated a number of regulatory and professional institutions to advocate for reforms that will enhance transparency in financial reporting and thus increase performance as well as audit quality. Therefore, this study offers proof on the direct influence of audit quality on the financial performance of listed companies Nigeria. We employ 84 companies listed on the NSE with 756 samples for the period of nine years which is from 2010 to 2018 based on panel data approach. Furthermore, the research used secondary approach to retrieve data from Thompson Reuters DataStream as well as the financial statement of the listed companies. This present study employs multiple regression to examine the model. The results reveal that audit fee shows a positively and insignificant relationship with ROA. This implies that if there is decrease in the amount paid to auditors for audit services, then financial performance of listed companies in Nigeria will increase. Consistent with the agency theory, auditor size displays a significant positive relationship with ROA. This positive figure implies that a percentage increase in firms audited by Big4, then financial performance (ROA) will also increase. Auditor independence is also seen to be positive and statistically significantly related to the ROA. Finally, auditor independence is found to be more powerful than auditor size on the financial performance. The result of this research will assist the management as well as the executives of the listed companies in Nigeria to put more effort on independence of an auditor. The study also propose that the executives should engage the services provided by audit firms whose integrity and character is unquestionable. It will also assist policy makers and relevant authorities in decision making.
Social Science Research Network, 2010
This study extends earlier research on corporate governance by examining whether the interaction ... more This study extends earlier research on corporate governance by examining whether the interaction between independent directors, women directors, minority directors and corporate social responsibility practices is effective to mitigate earnings management. Using panel data from Malaysian firms for the financial years 2005-07, this study finds that only minority director has main effect on earnings management. This result suggests that firms which have board diversity tend to have lower earnings management. There is no interaction effect of corporate social responsibility and corporate governance variables on earnings management. Our results are robust to controlling for various firm-specific factors that are known to be associated with earnings management.
Impact of ISO 9000 registration on company performance
Managerial Auditing Journal, May 1, 2004
This study investigates the determinants of corporate performance and evaluates whether ISO 9000 ... more This study investigates the determinants of corporate performance and evaluates whether ISO 9000 registration impacts corporate performance in a sample of Malaysian listed companies. A performance evaluation model was developed on the basis of four predictor variables that include return on sales (ROS), lender security, free cash flow and economic value added (EVA). The results indicate that the ROS and
Jurnal pengurusan, 2018
This study investigates the pertinent components of satisfaction variables that could help the Ta... more This study investigates the pertinent components of satisfaction variables that could help the Takaful Insurance to identify and prioritise ways to gain customers. The study employed a quantitative research approach by conducting surveys through questionnaires to respondents from two universities in Malaysia. The findings from the research proved that service quality and the role of agents are significant towards the determinants of customer satisfaction in Takaful insurance services. However, the performances of the takaful operators are found to be insignificant to the service quality. In conclusion, takaful operators need to improve and strengthen their service quality and the role of their agents as well. As for the performance of these takaful operators, customers do not rely much on it, and takaful operators should not concentrate much on this factor while offering their services.
Company Financial Performance and ISO 9000 Registration: Evidence from Malaysia
Asia Pacific Business Review, Sep 1, 2005
... emerging economies, a limited number of studies have been undertaken on company performance a... more ... emerging economies, a limited number of studies have been undertaken on company performance and the effects of ISO ... to the implementation of total quality management and ISO 9000. ... The study pointed to a number of factors that may contribute to the performance of MNCs ...
I would like to extend my gratitude to the people who have contributed to this research. First, I... more I would like to extend my gratitude to the people who have contributed to this research. First, I would like to thank my Supervisor, Dr. Yusuf Karbhari for his constructive help, guidance and constant encouragement throughout this study. His everyday smiling face and patience encouragement combined with incisive criticisms were extremely valuable during the conduct o f this research and writing o f the dissertation. Without his guidance this research would not have been in its present form. I would also like to express my appreciation Dr. John Doyle for devoting his time generously whenever it was needed. His advise and constructive comments have also greatly improved this study. My gratitude is also extended to Professor Mick Silver for their help in statistical testing and analysis. A sincere thanks to the Head o f PhD. Program, Professor Trevor Boyns and Professor Keith Whitfield, and members o f Cardiff Business School staff for the help and assistance that they have given me during this study. My thanks and greatness are also due to Malaysian government and College University Science and Technology Malaysia (KUSTEM) Terengganu for giving me this great opportunity in carrying out this study and financing me for the duration o f the study. Finally, sincere thanks to my family for believing that I could carry out this study. A special mention to my beloved wife, Nik Maziah Megat Hussein, for her understading and support, without her would be impossible for me to complete this study. She and my five lovely kids, Husna Syairah, Mohd Faiz, Hanis Syazwani, Mohd Firzan and Haizatul Syakirah deserve more than everything in life. I have neglected them all most o f the time during my period o f study and hope they forgive me for that. Thank you all and May God Bless you.
International journal of business and management, Jan 31, 2012
This study surveys a sample of 162 public listed companies on the Kuala Lumpur Stock Exchange. Th... more This study surveys a sample of 162 public listed companies on the Kuala Lumpur Stock Exchange. The study utilises eight different measures of company performance, ROA, ROE, WC, ROS, CF, TQ and EVA, and five company's attributes, namely size, growth. capital structure, age and industrial category. The analyses revealed that ISO registered Malaysian companies outperformed their non-ISO registered counterparts during the period of this study. This study finds that ISO 9000 registered companies in Malaysia are better off than non-ISO 9000 registered companies in terms of performance measures ROA, ROS and WC, except for EVA. ISO 9000 registered companies are younger, larger, and have a higher growth and a lower capital structure than non-ISO 9000 registered companies.
Academy of Accounting and Financial Studies Journal, 2021
Investors and capital providers are interested in the financial information issued by companies t... more Investors and capital providers are interested in the financial information issued by companies to make investment decisions. Meanwhile, managers may adopt accrual earnings management to improve the company's image. Thus, it is important to examine the factors that affect earnings management. Therefore, the motivation for this study was the investigations in Jordan related to the impact of financial structure on accrual earnings management were few and rare. The current investigation depends on panel data approach using the annual reports for 88 companies listed on ASE (industrial and services) sectors from 2009 to 2019. The independent variable, financial structure (FS), measured by financial structure ability (FSA), debt repaying ability (DRA) and cash flow from financing activities (CASHF). The independent variable, accrual-based earnings management (AEM), measured by performance approach. The results of multiple regression analysis of plate data showed a significant and negative impact of FSA and DRA on AEM, while CASHF has no impact on AEM.
Jurnal Pengurusan, 2018
This study investigates the pertinent components of satisfaction variables that could help the Ta... more This study investigates the pertinent components of satisfaction variables that could help the Takaful Insurance to identify and prioritise ways to gain customers. The study employed a quantitative research approach by conducting surveys through questionnaires to respondents from two universities in Malaysia. The findings from the research proved that service quality and the role of agents are significant towards the determinants of customer satisfaction in Takaful insurance services. However, the performances of the takaful operators are found to be insignificant to the service quality. In conclusion, takaful operators need to improve and strengthen their service quality and the role of their agents as well. As for the performance of these takaful operators, customers do not rely much on it, and takaful operators should not concentrate much on this factor while offering their services.
The Shen Model for Make-to-Order SME?
Management by Shen Principle
SSRN Electronic Journal, 2010
This study extends earlier research on corporate governance by examining whether the interaction ... more This study extends earlier research on corporate governance by examining whether the interaction between independent directors, women directors, minority directors and corporate social responsibility practices is effective to mitigate earnings management. Using panel data from Malaysian firms for the financial years 2005-07, this study finds that only minority director has main effect on earnings management. This result suggests that firms which have board diversity tend to have lower earnings management. There is no interaction effect of corporate social responsibility and corporate governance variables on earnings management. Our results are robust to controlling for various firm-specific factors that are known to be associated with earnings management.
Comparative Analysis of Current Values and Historical Cost in Business Zakat Assessment: An Evidence from Malaysia
ijbssnet.com
... trade goods (or stock on trade); cash in hand or in bank; debts or credit extended to custome... more ... trade goods (or stock on trade); cash in hand or in bank; debts or credit extended to customers or others (ie debtors) (Abdul Rahman, 2002 ... Adjustments (if any) are made to the equity and sources of financial resources to cater the Islamic philosophy of halal and haram as well as ...
International Journal of …, 2006
Admin Login. Evaluation of Factors Affecting Corporate Performance of Malaysian Listed Companies.... more Admin Login. Evaluation of Factors Affecting Corporate Performance of Malaysian Listed Companies. Mokhtar, Mohd Zulkifli and Nik Mohd Kamil, Nik Fuad and Muda, MS (2006) Evaluation of Factors Affecting Corporate Performance of Malaysian Listed Companies. ...
International Journal of Business and Management, 2012
This study surveys a sample of 162 public listed companies on the Kuala Lumpur Stock Exchange. Th... more This study surveys a sample of 162 public listed companies on the Kuala Lumpur Stock Exchange. The study utilises eight different measures of company performance, ROA, ROE, WC, ROS, CF, TQ and EVA, and five company's attributes, namely size, growth. capital structure, age and industrial category. The analyses revealed that ISO registered Malaysian companies outperformed their non-ISO registered counterparts during the period of this study. This study finds that ISO 9000 registered companies in Malaysia are better off than non-ISO 9000 registered companies in terms of performance measures ROA, ROS and WC, except for EVA. ISO 9000 registered companies are younger, larger, and have a higher growth and a lower capital structure than non-ISO 9000 registered companies.
The Impact of Ownership Structure and Debt on Audit Quality in Non-Financial Companies Listed on Ase
Journal of Southwest Jiaotong University
Financial information issued by companies is vital to investors and capital providers for their i... more Financial information issued by companies is vital to investors and capital providers for their investment decisions, while factors that impact audit quality should be ascertained. In Jordan, the effect of ownership structure and debt on audit quality has not been adequately studied. The current study purposes to examine the effect of ownership structure and debt on audit quality for non-financial companies listed on the Amman Stock Exchange. The ownership structure and debt represent the independent variables in this study, while audit quality is the dependent variable. Managerial ownership (MANOW), family ownership (FAMOW) and foreign ownership (FOROW) were used as proxies for the ownership structure, debt (DEBT) was represented by debt to equity, while audit quality (AQ) was represented by a log audit fee. Panel data approach with annual reports of 88 ASE listed industrial and services companies were employed, covering the 2009-2019 period. fixed effect and 2SLS methods were empl...
Management and Accounting Review, 2021
The purpose of the current study was to investigate the relationship between financial structure ... more The purpose of the current study was to investigate the relationship between financial structure towards the financial performance of companies listed on Amman stock exchange (ASE) as one of the emerging economies. This paper adopted a panel data set of 88 non-financial companies listed on the ASE over a period of 10 years from 2009 to 2018. According to empirical results that there is significant evidence to support the fact that debt repaying ability (DRAB), managerial ownership (MANOW), and foreign ownership (FOROW) are positively related to firm performance. Otherwise, the findings revealed no evidence to support the impact of the financial structure ability (FSA) towards firm performance. Moreover, the findings support the fact that firm size (SIZ) has a positive impact on firm performance of companies listed on the ASE. On the other hand, (AGE) has a negative impact on firm performance, while (GROWTH) has no impact on firm performance. The current study encourages managers to ...
Marine parks have existed in Malaysia for a long time, but some have neglected the economic roles... more Marine parks have existed in Malaysia for a long time, but some have neglected the economic roles these marine parks play. This research aims to find out the benefits and costs generated by the marine parks in Terengganu by using cost-benefit analysis (CBA). Through data collected from literature review, various websites and the Department of Marine Park's annual statement, it is found that the marine parks generate benefits to all constituents, but in protecting environment these marine parks faced some problems. In order to achieve these marine parks goals, based on our findings, we suggest that these marine parks increase its entry charge to keep the sustainability of these marine parks which will be benefited to all constituents.
International Journal of Academic Research in Business and Social Sciences, 2018
The purpose of this conceptual paper is twofold; first to examine the factors affecting EA adopti... more The purpose of this conceptual paper is twofold; first to examine the factors affecting EA adoption in Malaysian Maritime Industry, second to study the effect of e-accounting adoption on firm performance. This paper proposed to investigate the factors influencing the e-accounting adoption in the technological, organizational, environmental and owner-manager contexts in order to provide wider perspective. Extending the model, this paper also perceives the importance of investigating the effect of e-accounting adoption on company performance. By applying this model in future empirical research, it is expected to reveal the determinants of the e-accounting adoption among the SMEs in the maritime industry while its effect on the firm overall performance of Malaysian maritime industry is expecting to give a clue to the industry for the role of e-accounting.
Design Activities and the Difference Level of Sales and Profits Performance of the Batik SMEs in Malaysia
In this research, data on 186 batik SMEs were analyzed on their organizational resources in term ... more In this research, data on 186 batik SMEs were analyzed on their organizational resources in term of design activities. The objective is to examine if the design activities of high performance batik SMEs differ significantly from low performance batik SMEs. The high and low performance batik SMEs were categorized based on their annual sales and profits for three consecutive years. For this purpose, the questionnaires were distributed among 186 batik business owners in Kelantan and Terengganu, Malaysia. The data collected were then analyzed using Mann-Whitney U Test and Discriminant Analysis. The result found that the high sales performers were actively involved in the design activities. The significant difference was also found between high and low profit performers in term of design activities. Among the activities, the discriminant analysis results showed that introducing new design was the main factor that distinguished the performance of sales between SMEs while design from customer’s specification was the only cause that distinguished the level of profit performance between SMEs. Overall, the significant findings in this study will provide some guidance for low performers to identify their weaknesses by comparing the organizational resources possessed by the high performers.
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Papers by Mohd Zulkifli Mokhtar