The Moderating Effect of Internal Audit Function Quality on the Relationship between Corporate Governance Quality and  [Corporate Performance

Subject Areas :

اعظم  ولی زاده لاریجانی ¹ (گروه حسابداری، دانشکده علوم اجتماعی و اقتصادی دانشگاه الزهراء (س)، تهران، ایران)
مونا  خدایی ² (گروه حسابداری، دانشکده علوم اجتماعی و اقتصادی، دانشگاه الزهراء (س)، تهران، ایران)

Received: 2021-09-23 Accepted : 2021-11-24 Published : 2021-12-22

Keywords: Corporate performance, Keywords: Corporate Governance Quality, Internal Audit Function Quality, Internal Audit Function,

Abstract :

englishInternal audit is one of the most important and main mechanisms for more effective, efficient, and better implementation of corporate governance to achieve organizational goals and improve corporate performance. Therefore, the purpose of this study is to investigate the relationship between internal audit performance quality and corporate governance quality with corporate performance and also to investigate the effect of internal audit performance quality on the relationship between corporate governance quality and corporate performance.To achieve this goal, three hypotheses were designed. The statistical population of this research is the companies listed on the Tehran Stock Exchange during the years 1391 to 1398. To measure the quality of corporate governance, indicators of the percentage of ownership of institutional shareholders, the independence of board members, and the use of financial and accounting professionals in the composition of board members have been used. Also, to measure the quality of performance of the internal audit unit, indicators expertise of the internal audit unit manager, the antiquity of the internal audit unit and the outsourcing status of the internal audit unit have been used. The results of this study showed that there is a significant positive relationship between the quality of performance of the internal audit unit and the quality of corporate governance with the performance of the corporate. However, the quality of performance of the internal audit unit does not have a moderating effect on the relationship between the quality of corporate governance and firm performance.

References:

فهرست منابع

• اسعدی، عبدالرضا، (1395)، "حاکمیت شرکتی و عملکرد شرکت‌های هلدینگ و تابعه در بورس اوراق بهادار تهران"، راهبرد مدیریت مالی، (15)، صص 151-129.


• تیمور زاده، مهدی و محمدباقر یزدانی خداشهری، (1395)، "بررسی رابطه وجود حسابرسی داخلی با حاکمیت شرکتی و عملکرد شرکت"، مطالعات اقتصاد، مدیریت مالی و حسابداری، (2)، صص‌ 21-33.


• تائبی نقندری، امیرحسین، علی تائبی نقندری و مهری عباس زاده، (1398)، "تأثیر تعدیل گری اندازه شرکت بر رابطه بین حاکمیت شرکتی و عملکرد اقتصادی شرکت‌ها"، دانش حسابداری، (28)، صص 155-182.


• تقی نتاج، غلامحسین، جمال بحری ثالث و قدرت قادری، (1397)، "تأثیر کیفیت حاکمیت شرکتی بر عملکرد مالی بانک‌ها با تأکید بز نقش تعدیل‌کنندگی کیفیت افشاء"، فصلنامه مطالعات مالی و بانکداری اسلامی (8)، صص 102-92.


• حاجیها، زهره و عبدالرضا شاکری، (1398)، "حاکمیت شرکتی، افشای مسئولیت اجتماعی و ارزش شرکت"، فصلنامه پژوهش‌های حسابداری مالی و حسابرسی (11)، 44، صص 175-192.


• حساس یگانه، یحیی و ایمان داداشی، (1389)، "تأثیر حاکمیت شرکتی بر تصمیمات حسابرسان درباره ریسک و برنامه‌ریزی"، فصلنامه پژوهش‌های حسابداری مالی و حسابرسی (2)، 5، صص 41-66.


• سازمان بورس و اوراق بهادار، (1391)، "منشور فعالیت حسابرسی داخلی"، seo.ir.


• مشایخی، بیتا، شادی حسن زاده، یاسین امینی و وحید منتی، (1395)، "تأثیر کیفیت حسابرسی داخلی بر حق‌الزحمه حسابرسی مستقل"، فصلنامه پژوهش‌های حسابداری مالی و حسابرسی (8)، 31، صص 41-56.


• ولی زاده لاریجانی، اعظم، سیدعلی و مهسا طهماسبی آشتیانی، (1399)، "اثر تعاملی کیفیت اقلام تعهدی و کیفیت حاکمیت شرکتی بر نوسان‌پذیری عملکرد شرکت"، بررسی‌های حسابداری و حسابرسی، (27) 3، صص 454- 472.


• Al Matari, E. M., & Mgammal, M. H. (2020), “The Moderating Effect of Internal Audit on the Relationship between Corporate Governance Mechanisms and Corporate Performance among Saudi Arabia Listed Companies”, Contaduría y Administración, 64(4), PP. 9.


• AlQadasi, A., & Abidin, S. (2018), “The Effectiveness of Internal Corporate Governance and Audit Quality: the Role of Ownership Concentration–Malaysian Evidence”, Corporate Governance: The International Journal of Business in Society.


• Adebawojo, O. (2020), “Corporate Governance and Audit Risk”, American International Journal of Accounting Research, 5(1), PP. 145-158.


• Altawalbeh, M. A. F. (2020), “Corporate Governance Mechanisms and Firm’s Performance: Evidence from Jordan”, Accounting and Finance Research, 9(11), PP. 10-5430.


• Dittenhofer, M. (2001), “Internal Auditing Effectiveness: an Expansion of Present Methods”, Managerial auditing journal.


• Ebrahim Mohammad, M. (2019), “The Moderating Affect of Internal Audit on the Relashionship between Corporate Governance Mechanisms and Corporate Performance among Saudi Arabia Listed Companies”, Journal of Cantaduria y Administraction, 65(1), PP. 30-66.


• E Karamoy, H., & Tulung, J. E. (2020), “The Effect of Financial Performance and Corporate Governance to Stock Price in Non-bank Financial Industry”, Corporate Ownership & Control, 17 (2), PP. 97-103.


• El Diri, M., Lambrinoudakis, C., & Alhadab, M. (2020), “Corporate Governance and Earnings Management in Concentrated Markets”, Journal of Business Research, 108, PP. 291-306.


• Eulerich, A. K., & Eulerich, M. (2020), “What Is the Value of Internal Auditing?–A Literature Review on Qualitative and Quantitative Perspectives”, A Literature Review on Qualitative and Quantitative Perspectives, ‌Maandblad Voor Accountancy en Bedrijfseconomie, 94, PP. 83-92.


• Harymawan, I. (2020), “Internal Audit Functions and Audit Autcomes: Evidence from Indonesia”, Journal of Business and Management 17(7), PP.50-71.


• Kumari, P. (2020), “Corporate Governance in India Impact on Firm Performance. IMPACT: International Journal of Research in Humanities”, Arts and Literature (IMPACT: IJRHAL) ISSN (P), PP. 2347-4564.


• Kiradoo, G. (2019), “Impact of Corporate Governance on the Profitability and the Financial Performance of the Organization”, Journal of Management (JOM), 6(3), PP. 192-16.


• Keasey, K., Thompson, S., & Wright, M. (Eds.). (2005), “Corporate Governance: Accountability, Enterprise and International Comparisons”, John Wiley & Sons.


• Mohan, A., & Chandramohan, S. (2018), “Impact of Corporate Governance on Firm Performance: Empirical Evidence from India”, IMPACT: International Journal of Research in Humanities, Arts and Literature (IMPACT: IJRHAL) ISSN (P), PP. 2347-4564.


• Okodo, D., Momoh, M. A., & Yahaya, A. O. (2019), “Assessing the Reliability of Internal Audit Functions: The Issues”, Journal of Contemporary Research in Business, Economics and Finance, 1(1), PP. 46-55.


• Soh, D. S., & Martinov-Bennie, N. (2011), “The Internal Audit Function: Perceptions of Internal Audit Roles, Effectiveness and Evaluation”, Managerial auditing journal, 26(7), PP. 605-622.


• Solomon, D. (2019), “Internal Audit Practice and Its Effect on Company Performance: Case Study in Ethioplan Shipping and Lojistics Service Enterprise”, Journal of Business Management and Accounting, 3(3), PP. 100-207.


• Saputra, I. G., & Yusuf, A. (2019), “The Role of Internal Audit in Corporate Governance and Contribution to Determine Audit Fees for External Audits”, Journal of Finance, 7(1), PP. 1-5.


• Wijaya, L. I., & Murhadi, W. R. (2020), “Ownership Structure, Good Corporate Governance, and Firm Performance in the Indonesian Capital Market”, In 17th International Symposium on Management (INSYMA 2020) (PP. 256-260). Atlantis Press.


• Worokinasih, S., & Zaini, M. L. Z. B. M. (2020), “The Mediating Role of Corporate Social Responsibility (CSR) Disclosure on Good Corporate Governance (GCG) and Firm Value”, A Technical Note. Australasian Accounting, Business and Finance Journal, 14(1), PP. 88-96.


• Xiangdong, W. (1997), “Development Trends and Future Prospects of Internal Audit”, Managerial Auditing Journal.

 

 

 

یادداشت‌ها