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- Title
The Impact of Audit Committee Characteristics on Firm Performance: Evidence from Pakistan.
- Authors
YASSER, QAISER RAFIQUE; MAMUN, ABDULLAH A. L.
- Abstract
The importance of an audit committee is increasingly being acknowledged in the literature, yet very little work has been done on board committees in emerging economies. We extend the work that has alluded to the importance of the characteristics of directors (executive, non-executive and independent) with several unexplored, yet crucial, attributes represented in audit committees and additionally theorize and test how these audit committee characteristics play a role in an emerging economy context. Drawing attention on agency and stewardship theory, we tested our assertions with data on the population of firms on the Karachi Stock Exchange in 2013. Our findings indicate that companies with more than three audit committee members and non-executive audit committee chairman are associated with higher economic valueadded (EVA). Furthermore, we also document positive relations between ex-chief participation in committee, audit committee chairman age, chairman qualification, and chairman's financial expertise on several other financial performance indicators.
- Publication
New Zealand Journal of Applied Business Research (NZJABR), 2015, Vol 13, Issue 1, p35
- ISSN
1175-8007
- Publication type
Academic Journal