Badhabi, Hussein Ahmed Saleh and Ku Ismail, Ku Nor Izah (2017) Audit Committee Characteristics and Firm Performance in Oman. 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

The role of an audit committee (AC) is very significant to stakeholders in influencing the quality of disclosure of financial reporting and in improving market performance. This study examines the influence of audit committee characteristics (AC multiple directorship, AC size, AC independence, AC meeting, AC chairman independence, AC diligence) and firm market performance using Tobin’s Q. Our sample consists of all 82 firms listed on the Muscat Stock Market (MSM) as in 2014 to 2015, excluding the financial and banking sectors.Data were gathered from firms’ annual financial reports and Data Stream.We used multiple regression in analyzing the data.Our results show that AC multiple directorship and AC diligence influence firm market performance.We also find that the control variables (firm size and leverage) are significant in influencing firm performance.This study provides significant input to regulators, firms and researchers not only in Oman, but also in other countries.We recommend future studies to take into account some other variables such as foreign audit committee members, and other variables that may have a significant role in improving firm performance.

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:	Firm performance, market performance, audit committee, audit committee characteristics, oman
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	School of Business Management
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	26 Sep 2018 01:55
Last Modified:	26 Sep 2018 01:55
URI:	https://repo.uum.edu.my/id/eprint/24828

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