Audit Committee Practice in the Polish Listed Stock Companies. Present Situation and Development Perspectives

Szczepankowski, Piotr

doi:10.3846/bme.2012.05

Cited by 8 publications

(5 citation statements)

References 36 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The audit committee invites the management board, chief financial officer, the external auditor, and the head of internal audit in its meeting to discuss any matters deemed confidential by the parties. To perform effectively and reliability, AC members' diligence is very important (Szczepankowski, 2012). Accordingly, most researchers use AC meeting frequency as a proxy of diligence (Raghunandan & Rama as cited in Mohiuddin & Karbhari, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

Audit Committee, Value Creation Efficiency and Capital Employed Efficiency

Soewignyo¹,

Soewignyo²

2017

View full text Add to dashboard Cite

This study contributes a number of innovative and interesting empirical findings with a view of four audit committee characteristics to predict overall value creation efficiency and capital employed efficiency using value added intellectual coefficient (VAIC TM ) method. Using purposive sampling, 34 property, real estate, and building construction firms listed on Indonesia Stock Exchange in 2011 were selected. Empirical findings could not provide a significant relationship between audit committee characteristics and the overall value creation efficiency as well as capital employed efficiency. This implies that currently, the number of members, number of meetings, number of independent commissioners, and accounting or finance expertise in audit committee cannot be expected as drivers of business value creation in Indonesian context, more specifically for property, real estate, and building construction industry. The overall lack of significant relationships may potentially result from limited human capacity, lack of financial expertise, and inadequate knowledge about the role of audit committee to add value to the business.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Audit Committee, Value Creation Efficiency and Capital Employed Efficiency

Soewignyo¹,

Soewignyo²

2017

View full text Add to dashboard Cite

show abstract

“…The study was conducted on 452 large scale US industrial companies from 1984-91. On the other hand, the size of the audit committee revealed a positive relationship with firm value in the study conducted by Szczepankowski (2012). The results of audit committee activity in 69 Polish public stock companies during 2009-10 were presented in the study.…”

Section: Effect Of Audit Committee and Big4 Auditor On Firm Valuementioning

confidence: 72%

The Role of Internal Control and Firm-Specific Characteristics on Firm Value: Evidence from Indian Financial Services Sector

Janardhanan¹,

Uma²

2020

ijfb

View full text Add to dashboard Cite

This research determines the role of firm-specific characteristics such as firm size, firm age, liquidity, firm complexity, board independence, institutional ownership, non-performing assets, annual volatility of stock returns, leverage and internal control represented by Enterprise Risk Management (ERM) and Big4 auditor on the firm value measured using Tobin’s Q, Return On Equity (ROE) and Return On Assets (ROA). This proposition is addressed with the sound statistical investigation of 67 companies listed in the NSE financial services sector by utilizing annual panel data for 11 years from 2007-17. The important findings of the study are that the purchasers consider firm size, firm age, liquidity, the volatility of stock returns, and non-performing assets. ROA shows that the management has to focus on firm size, firm age, and volatility of stock returns. ROE informs that the investors will look into firm size, firm age, institutional ownership, non-performing assets, leverage, firm complexity, and volatility of stock returns.

show abstract

“…Free cash flows can be defined as a surplus or deficit of cash that may be a result of operating or investing activities undertaken by a company, after satisfying all the financial expectations of entities financing the activities (donors of capital). So, free cash flows are the surplus or shortage of cash generated as a result of business activities after deducting all expenses (except expenses of the debt, but after taxation), at the disposal of entities financing the company (owners and creditors) [11,14].…”

Section: G2mentioning

confidence: 99%

Evaluation method of economic efficiency of industrial scale research based on an example of coking blend pre-drying technology

2017

View full text Add to dashboard Cite

Abstract. The research on new and innovative solutions, technologies and products carried out on an industrial scale is the most reliable method of verifying the validity of their implementation. The results obtained in this research method give almost one hundred percent certainty although, at the same time, the research on an industrial scale requires the expenditure of the highest amount of money. Therefore, this method is not commonly applied in the industrial practices. In the case of the decision to implement new and innovative technologies, it is reasonable to carry out industrial research, both because of the cognitive values and its economic efficiency. Research on an industrial scale may prevent investment failure as well as lead to an improvement of technologies, which is the source of economic efficiency. In this paper, an evaluation model of economic efficiency of the industrial scale research has been presented. This model is based on the discount method and the decision tree model. A practical application of this proposed evaluation model has been presented based on an example of the coal charge pre-drying technology before coke making in a coke oven battery, which may be preceded by industrial scale research on a new type of coal charge dryer.

show abstract

Audit Committee Practice in the Polish Listed Stock Companies. Present Situation and Development Perspectives

Cited by 8 publications

References 36 publications

Audit Committee, Value Creation Efficiency and Capital Employed Efficiency

Audit Committee, Value Creation Efficiency and Capital Employed Efficiency

The Role of Internal Control and Firm-Specific Characteristics on Firm Value: Evidence from Indian Financial Services Sector

Evaluation method of economic efficiency of industrial scale research based on an example of coking blend pre-drying technology

Contact Info

Product

Resources

About