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Audit Committee Characteristics and Firm Performance: Evidence from Malaysian Finance Companies

Al-Matari, Yahya Ali and Al-Matari, Ebrahim Mohammed and Homaid, Abdo Ali (2017) Audit Committee Characteristics and Firm Performance: Evidence from Malaysian Finance Companies. In: 2nd International Research Conference on Economics Business and Social Sciences, 11-12 July 2017, Park Royal Hotel Penang Malaysia.

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Abstract

This study examined the effect of audit committee characteristics including competence of the audit committee members, the member of the professional body, and the frequency of audit committee meetings, on the finance companies performance.The study was conducted involving 33 companies that were included in the list of the Bursa Malaysia, covered in the period from 2011-2015, a total of 165 firmyears observations. The study made use of Pearson Correlation Coefficient and Multiple Regressions analysis.The findings revealed that the variables of audit committee independence, audit committee finance literacy and Audit committee member of accounting professional body influence significantly the performance of finance companies.Specifically, audit committee finance literacy has been found to be the most positively significant variable to influence finance companies performance. However, audit committee size may not contribute to enhancing finance companies performance. Moreover, this study conducted a review of literature relevant to the topic of audit committee characteristics and it presented practical implications as well as suggestions that future studies can follow.

Item Type: Conference or Workshop Item (Paper)
Additional Information: ISSN-2523-1537 Cover and Layout: Sobia Nasir, Center for Sustainability Research and Consultancy Distributed by: School of Economics, Bahauddin Zakariya University Multan Pakistan (www.bzu.edu.pk) Center for Sustainability Research and Consultancy (www.globalcsrc.org) School of Economics Finance and Banking, Universiti Utara Malaysia (www.sefb.uum.edu.my)
Uncontrolled Keywords: Corporate governance, audit committee, firm performance, financial sector, Malaysia
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Business Management
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 03 Oct 2018 00:07
Last Modified: 03 Oct 2018 00:07
URI: https://repo.uum.edu.my/id/eprint/24870

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