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Article

Abdulrahman Al‐Twaijry

The corporate governance should look at the investment on intangible assets (ITAs) from two angles: its influence on future growth and the influence of other factors on…

Abstract

Purpose

The corporate governance should look at the investment on intangible assets (ITAs) from two angles: its influence on future growth and the influence of other factors on ITA. Therefore, the purpose of this paper is first, to empirically investigate the relationship between investment on ITAs and future growth in the manufacturing sector earnings and second, to examine the effect of various variables on the level of investments on ITA in this sector.

Design/methodology/approach

Based on data of 384 Japanese listed manufacturing companies founded before 2001, four regression models were developed and estimated using ordinary least squares. In part, this study extends the work of Singh and Faircloth, which examined the relationship between research and development (R&D) expenditure and corporate leverage, by taking into account the other ITAs and other factors. The dependent variable used in the first model was the corporate growth and explanatory variables are changes in the ITAs (ΔITA), whilst in the other models, total investments on ITA (and changes in the investments on ITAs) against the company's size, sector, age, financial status, dividends, cash flow, and growth are regressed. Both logs and lags were used with the model's variables.

Findings

The results showed that the mean of total investment on ITA increased heavily (85 percent) between 2001 and 2005. However, ITA represents, on average, only about 1.2 percent of total assets and 1.3 percent of total sales. Regression results suggest that investment on ITA forecasts around 15 percent of the variation in a company's future growth. The company's size, segment, financial status, dividends, cash flow and growth are significant variables which predict nearly half of the variation in the investments on ITA. The inclusion of two lags of the appropriate variables in the model provides better results and the adjusted R2 increased significantly to reach, on average, 0.60.

Originality/value

In the internet era, companies have become heavily involved in larger investments on ITAs (intellectual capital). Since the research in the area of ITAs is undersized and much of it was directed towards R&D, this study contributes to this area of study showing how can investments on ITA in the manufacturing sector be an important element for future growth which concerns corporate governance.

Details

Asian Review of Accounting, vol. 17 no. 1
Type: Research Article
ISSN: 1321-7348

Keywords

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Article

Abdulrahman Ali Al‐Twaijry

The purpose of this research is to identify the variables with an expected influence on dividend policy and on payout ratio in an emerging market.

Abstract

Purpose

The purpose of this research is to identify the variables with an expected influence on dividend policy and on payout ratio in an emerging market.

Design/methodology/approach

Based on the literature, eight hypotheses were developed and tested using 300 firms randomly selected from the Kuala Lumpur Stock Exchange. Additional statistical analyses were presented.

Findings

The results suggest that current dividends are affected by their pasts and their future prospects. To a lesser extent dividends were associated with net earnings. Payout ratios (POR) were not found to have a strong effect on the company's future earning growth, but had some significant negative correlation with the company's leverage. Cash per share and share book value significantly and positively affect both DPS and POR.

Practical implications

The findings of the study might be of interest to academicians and practitioners.

Originality/value

This paper explores the dividend policy and the payout ratio of listed companies in a fast‐growing market that has received inadequate research attention. The paper thus adds to the body of accounting knowledge.

Details

The Journal of Risk Finance, vol. 8 no. 4
Type: Research Article
ISSN: 1526-5943

Keywords

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Article

Abdulrahman A.M. Al‐Twaijry, John A. Brierley and David R. Gwilliam

This paper uses questionnaires from and interviews to examine the level of co‐operation and co‐ordination between directors of internal audit departments, and partners and…

Abstract

This paper uses questionnaires from and interviews to examine the level of co‐operation and co‐ordination between directors of internal audit departments, and partners and managers in external audit firms in Saudi Arabian companies. The results revealed that external auditors expressed concern about the independence, scope of work and small size of many internal audit departments. Internal auditors considered co‐operation between internal and external audits to be limited, although external auditors were more positive about the extent of co‐operation when the internal audit department was of high quality. The extent of reliance by the external auditor on the work of the internal auditor varied with the quality of the internal audit department. External auditors suggested that the objectivity, competence and work experience were important factors affecting the reliance decision. They felt that the internal audit function in many Saudi companies lacked professionalism and independence from management, which adversely affected its work and the potential for reliance thereon.

Details

Managerial Auditing Journal, vol. 19 no. 7
Type: Research Article
ISSN: 0268-6902

Keywords

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Article

Darwish Abdulrahman Yousef

The present study aims to investigate the effects of a number of demographic and academic factors, such as gender, age, nationality (Emirati vs non-Emirati), high school…

Abstract

Purpose

The present study aims to investigate the effects of a number of demographic and academic factors, such as gender, age, nationality (Emirati vs non-Emirati), high school major (arts vs science) and high school score, on the academic performance – measured by overall grade point average – of undergraduate students majoring in statistics at United Arab Emirates University.

Design/methodology/approach

This study includes 188 undergraduate statistics students (142 female and 46 male) for the academic years 2012-2013 to 2015-2016. Descriptive and inferential statistics were used to analyze the collected data.

Findings

The results indicate that gender, age and nationality have no significant impacts on the academic performance of undergraduate students in statistics bachelor’s degree program, while high school major and high school score do.

Research limitations/implications

This study had several limitations. First, only students of one university were included in this study, which would have limited the generalizability of the results. Second, the study focused on the impact of a limited number of factors on academic performance of undergraduate statistics students. But, the study has a number of implications for students, educators and university policy-makers.

Originality/value

The present study is the first attempt to explore the factors that might affect the academic performance of undergraduate students in statistics bachelor’s degree program in an Arabic setting.

Details

Quality Assurance in Education, vol. 27 no. 1
Type: Research Article
ISSN: 0968-4883

Keywords

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