The effect of audit committee characteristics on the firm's performance: an empirical study of Pakistan Stock Exchange

Sahibzada Kashif Ahmad, Atta Ur Rahman, Fahad Abdullah, Shabir Ahmad and Laila Taskeen Qazi

International Journal of Economic Policy in Emerging Economies, 2025, vol. 22, issue 3/4, 291-314

Abstract: The purpose of this study is to investigate the impact of audit committee characteristics on firms' performance. We used gender diversity, size of the committee, frequency of audit meetings, financial expertise, and independence as audit committee characteristics and return on assets and return on equity as performance measures. A panel of 94 firms was investigated from 2015 to 2019 using a weighted least square regression. The overall results show that the size of the audit committee negatively affects the firms' performance. While the frequency of meetings, expertise, and gender diversity positively impact the firms' performance. Indicating the significance of frequent communication, experience, and presence of women in audit committees, respectively. Our study highlights insight for policymakers and regulators considering ongoing corporate governance and regulatory reforms in Pakistan.

Keywords: corporate governance; audit committee characteristics; performance; Pakistan. (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijepee:v:22:y:2025:i:3/4:p:291-314

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