Table 5 Pearson Correlation Coefficients for the Model Variables
Related Figures (8)
Table 1:The Final Sample Selection Criteria and the Number of Observations 4.1 Population and Sample In order to test ‘the validity of this research’s hypotheses, an empirical study is conducted depending on the data collected from the annual reports of the Lebanese commercial banks, covering the period from 2012-2017. This section is devoted for presenting the population and sample of the study, the method of collecting data, the formulated research model, and finally the measurement of the various variables of the research model. Fig.1: Proposed Research Model Source: Developed by the Researchers The researchers find that it is necessary to control for the ownership concentration (OWNC). Hassan (2016) and Khoufi and Khoufi (2018) argued that companies with high ownership concentration have longer ARL. In ownership concentration companies, opposite to ownership dispersion, where small major investors own big percentages of stocks, the likelihood to publish faster audited financial statements is low (Khoufi & Khoufi, 2018). Regarding the measurement of variables, Table 2 displays the definition of the model variables and their measurements based on prior studies. ownership concentration have longer ARL. In ownership concentration companies, opposite to Table 2: Measurement of Variables Source: Developed by the Researchers Source: Developed by the Researchers Note: ARL, audit report lag; SIZE, bank size; PROF, profitability; LEV, leverage; BSIZE, board size; BIND, board independence; BMEET, board meetings; ASIZE, AC Size; AIND, AC independence; AMEET, AC meetings; OwnC, Ownership concentration. Table 4: Descriptive Statistics Note: *significant at 10 % level; **significant at 5 % level; ***significant at 1 % level Table 6: Results of Regression Analysis Note: *significant at 10 % level; **significant at 5 % level; ***significant at 1 % level 6. CONCLUSION
