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The Impact of Audit Committee Effectiveness on Corporate Performance – Evidence from Saudi Arabia

Sultan Altass ()
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Sultan Altass: King Abdulaziz University, Rabigh Campus, Saudi Arabia

RAIS Conference Proceedings 2021 from Research Association for Interdisciplinary Studies

Abstract: The main aim of this study is to investigate the relationship between the effectiveness of audit committee (AC) of transportation firms listed on TASI and firm performance (FP) for the period 2010-2019. Employing Pooled OLS multiple regression analysis, the results indicate that the AC independence is negatively associated with FP. Therefore, the results contradict previous research which found that such relationship is significantly positive. Moreover, the results of two Pooled OLS regression analysis models reveal that frequent annual AC meetings do not have statistical association with FP. The findings of this study are relevant to investors and policy makers in Saudi Arabia regarding the reliability of AC in today’s competitive markets.

Keywords: Corporate governance; Audit committee; Firm performance; Return on Equity; Earnings per share (search for similar items in EconPapers)
Pages: 6 pages
Date: 2021-10
New Economics Papers: this item is included in nep-acc, nep-ara and nep-cfn
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Published in Proceedings of the 24th International RAIS Conference on Social Sciences and Humanities, October 17-18, 2021, pages 29-35

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