Abstract
<p><em>Under the new worldwide changes that were produced by the economic data and technological revolution, corporate governance considered as one of the modern terms. Its importance increased in the business sector because it plays a role in managing any company, and protecting the shareholders’ rights. There are several thoughts on the importance of corporate governance. Some thought that corporate governance is important in the public sector because it influence the economy. Others thought corporate governance is very important in the privet sector. The importance of the term, corporate governance, increased in all institutions and in all advanced and emerging economies in the last few decades especially after the economic and financial crisis that many countries underwent. These crisis affected the global financial market; such as, the crisis in Southeast Asia in 1997. Moreover, many major international companies especially the American companies collapsed in Fall 2008 because they used complex accounting methods in order to hide their loses and manipulate the rights of people; such as, shareholders, lenders, suppliers, and even the civil society. Hence, the governance became one of the important topics that are applied in both privet and public companies. The reason many shareholders lost their trust in the financial market is that companies’ managers and auditors concealed the financial and accounting statements that are applied in all kind of companies. Mistrust was created in the financial reports, and it increased anytime one of the huge companies stumbled. Therefore, this study shows the overlapping and reciprocal relationship between corporate governance and the accounting information quality. Apparently, the accounting information is affected by the rules and mechanisms of governance, and applying it means increasing the trustworthy of the accounting information that are included in financial statements that were prepared for all interested parts.</em></p>
Highlights
Hypotheses The first prime hypotheses: there is a statistical relationship in the role of corporate governance in achieving accounting information quality
A correlation coefficient was found to determine the relationship between the role of corporate governance and the quality of accounting information
Table (8) shows the correlation coefficient is (0.55) and the significance value is (0.000) which is less than (0.05). This means that there is a strong positive relationship between corporate governance and the quality of accounting information at a level of significance (0.05). It means that corporate governance has a role in achieving the quality of accounting information
Summary
It requires control of things by setting standards and restrictions that control the behavior (Taleb and Al Mashhadani, 2011). 3. The most commonly used term in the academic and research aspects are "Corporate Governance." Governance is "The system by which the Organization's work is directed and monitored at its highest level in order to achieve its objectives and to meet the standards of responsibility, integrity and transparency." "Good Governance," is defined by the World Bank (1992) “as synonymous with effective and optimal economic management that seeks to answer various private criticisms directed towards the states and institutions. These criticisms question the structural reforms that move in a topdown way that led to institutional vacuum instead of mobilization of capacities and energies that the society is enriched by. Corporate Governance Characteristics: Corporate governance has a group of characteristics that are summarized below (Fawzi, 2003): 1. Discipline: That is to follow the proper and correct moral behavior
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