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Internal audit function, ownership structure and firm performance in Iraq


Talab, Hassnain Raghib and Abdul Manaf, Kamarul Bahrain and Abdul Malak, Siti Seri Delima (2018) Internal audit function, ownership structure and firm performance in Iraq. Journal of Engineering and Applied Sciences, 13 (8). pp. 2098-2102. ISSN 1816-949X

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Abstract

This study investigated the influence of corporate governance mechanisms on firm performance of public listed companies in Iraq.Specifically, the study examined the effect of internal audit function, government share ownership and private share ownership on firm performance.The study utilized data extracted from the annual report of public listed companies on the Iraqi Stock Exchange between the period of 2012-2015.The result obtained from the regression revealed a positive and significant relationship between internal audit department establishments, government share ownership and firm performance while it was found that private shareholding does not have any relationship with firm performance. This implies that listed companies that established internal audit department and whose shares are substantially held by the government perform very well due to strong monitoring mechanism.The findings of this study create a case for both policy makers and management of listed companies in Iraq on the significant of sound corporate governance.

Item Type: Article
Uncontrolled Keywords: Firm performance, Iraq, Internal and external corporate,mechanisms, ownership, structure, sound
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 23 Jul 2018 01:26
Last Modified: 23 Jul 2018 01:26
URI: http://repo.uum.edu.my/id/eprint/24444

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