Impact of Corporate Governance and Big 4 Audit on Financial Performance of UK Supermarket Industry

MENTAL WEALTH
Introduction Materials and Methodology
Introduction
Corporate governance is the set of rules, regulations
and standards that levies obligations on business
organizations. These rules are legal compulsions
which are used to regulate and control the actions of
an organization. A company has to spend highly in
order to fulfil their corporate governance
responsibilities which impacts the financial
performance of the organization. Along with this, Big
4 Audit firms are also responsible to impact the
financial performance of businesses. In this research
poster the impact of corporate governance and big 4
audit will be assessed on the financial performance of
super market industry of United Kingdom.
Background
Supermarket industry of United Kingdom is
considered as one of the most growing industries of
world. Few industry leaders are Tesco, Sainsbury’s,
ASDA, Aldi, Lidl, Walmart and more. All these
organizations are capable to earn profit even in a
position where United Kingdom was suffering from
political changes due to BREXIT. This industry
requires to consider standards and regulations of
corporate governance and big 4 audit firms due to
which their financial performance gets impacted.
Hypothesis
• Corporate governance implications only impact
large organizations operating in UK supermarket
industry.
• UK supermarket industry’s financial performance
is negatively impacted but positively regulated by
big 4 audit firms.
• UK supermarket industry considers corporate
governance as an obligation rather than a
responsibility.
Objectives/Purpose
Topic:
The impact of corporate governance and big 4 audit
on the financial performance of UK supermarket
industry.
Objectives:
• To analyse the concept of corporate governance
and to understand big 4 audit.
• To identify corporate governance implications on
financial performance of UK supermarket
industry.
• To evaluate impact of big 4 audit firms on the
financial performance of UK supermarket
industry.
Materials
For the satisfaction of research hypothesis and
objectives, there are few materials including Journal
articles and books which are intended to be used:
Journals:
• Financialization in agri-food supply chains: Private
equity and the transformation of the retail sector.
• The role of auditing, food safety, and food quality
standards in the food industry
• Debunking the myth of shareholder ownership of
companies: Some implications for corporate
governance and financial reporting
• Corporate social responsibility and financial
performance: The moderating role of ownership
concentration in Turkey
Books:
• A handbook of corporate governance and social
responsibility
• Corporate governance: Principles, policies, and
practices
• Corporate governance matters: A closer look at
organizational choices and their consequences
Models
A model is an entire conceptual framework which is
used to undertake a research. For the present research,
a conceptual framework is developed that will include
all the variables of this research.