The Effect of Audit Committee Characteristics and Firm Financial Performance: An Empirical Study on Listed Companies in Iraq Stock Exchange

Mohammed, Bahaa Hussein; Flayyih, Hakeem Hammood; Mohammed, Yassir Nori; Abbood, Hussein Qusay

doi:10.36478/jeasci.2019.4919.4926

Cited by 9 publications

(6 citation statements)

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“…According to Juhmani (2017), the independence of the audit committee has no relationship with increasing firm performance because the audit committee from outside the company only performs its function as an operational supervisor and is not tasked with developing the company to increase profitability. The results of this study are in line with Ngo and Le (2021), Sehrawat et al (2020) and Mohammed et al (2019). But in contrast to Bansal and Sharma (2016).…”

Section: Discussionsupporting

confidence: 86%

“…Research from Shatnawi et al (2021) explains that the independence of the audit committee is significant to the performance of the company because there is no management linkage so that its management is not affected by the company's internal. The results of this study are supported by Ali et al (2021) and Mohammed et al (2019). However contrary to the research results of Ngo and Le (2021) and Sehrawat et al (2020) H1: The independence of the audit committee has a significant effect on firm performance.…”

Section: Audit Committee Independencesupporting

confidence: 53%

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The Influence of Corporate Governance on the Performance of Islamic Banking Companies in Indonesia

Soveinia,

Haryanto

2022

JIEI

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The study examines the relationship between corporate governance as measured by audit committee independence, audit committee size, audit committee meetings, the board size, managerial ownership, and institutional ownership as well as control variables, namely firm size, firm age, and debt on firm performance as measured by ROA at the bank. general sharia law in Indonesia is registered with the financial services authority for the period 2013-2020. The research method using linear regression analysis, partial test, simultaneous test, and coefficient of determination found a significant effect of board size, firm size, and debt on the performance of Islamic banking companies. While other variables are independence, size, and audit committee meetings.

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Section: Discussionsupporting

confidence: 86%

Section: Audit Committee Independencesupporting

confidence: 53%

The Influence of Corporate Governance on the Performance of Islamic Banking Companies in Indonesia

Soveinia,

Haryanto

2022

JIEI

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“…Furthermore, many scholars have examined the connections between ACs and firm performance, and the majority of studies concluded that positive connections exist [6][7][8], but few studies by contrast reported the existence of negative connections [9,10]. Apart from this, these investigators have not tried to explore the circumstances that create a positive or negative connection between AC and firm performance.…”

Section: Introductionmentioning

confidence: 99%

Conceptualizing the Moderating Role of CEO Power and Ownership Concentration in the Relationship between Audit Committee and Firm Performance: Empirical Evidence from Pakistan

et al. 2021

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Firms in developing economies generally find ways to enhance their reputation and growth in the international market. In this context, an Audit Committee (AC) is composed of multiple skilled members that control and monitor auditing activities and present a transparent image of their firm, which automatically attracts investors and builds investor confidence. Therefore, this study used CEO power and ownership concentration as moderating factors to examine the connection between AC and firm performance. For this purpose, this study used the data of Pakistani manufacturing firms for the period 2008 to 2018 and applied the Ordinary Least Square (OLS) method, the Fixed Effect (FE) model, and the Generalized Method of Moments (GMM). To check the robustness of the results, this study used a Feasible Generalized Least Square (FGLS) model. The findings of this study contended that AC and firm performance have a positive association with each other. Moreover, the findings revealed that CEO power positively influenced firm performance. Furthermore, lower ownership concentration is a valuable approach to maximize a firm’s performance. Importantly, the outcomes concluded that AC and firm performance have a positive connection with the moderating effects of CEO power. Moreover, AC and firm performance also have a positive association with the moderating effect of ownership concentration.

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“…On the other hand, Nigerian Code on Corporate Governance ( 2020) suggests that at least three or four meetings should be planned to correspond to the audit cycle and the timing of published annual reports in addition to other meetings in response to circumstances that arise during the accounting year (Mohammed, et al, 2019) Risk committee Risk committee is described as the board of commissioners who assist in the execution of supervisory duties on corporate risk control (Halim, Mustika, Sari, Anugerah & Mohd-Sanusi 2017). In Nigerian Corporate Governance Code NCGC (2020) any company's board may create a Risk Management Committee to assist the board of directors (BOD) in its oversight responsibility for the risk function or profile, the risk management system and the risk scheme to be set up.…”

Section: Audit Committeementioning

confidence: 99%

Board Committees’ Independence and Financial Performance of Listed Non-Finance Firms in Nigeria

Udoh,

Ikpe,

Emenyi

2023

EJAAFR

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This study examined the relationship between board committees’ independence and financial performance of listed non-finance firms in Nigeria. The specific objectives were to determine the relationship between audit committee’s independence and financial performance of listed non-finance firms in Nigeria; evaluate the relationship between risk management committee’s independence and financial performance of listed non-finance firms in Nigeria; ascertain the relationship between remuneration committee’s independence and financial performance of listed non-finance firms in Nigeria. Ex-post facto research design was adopted and the population of the study consists of all the listed non-finance firms. As of December, 2021, we had 108 non-finance firms listed on the floor of the Nigerian Exchange Group. The final sample size consists of 10 non-finance firms that were arrived at based on the availability of data for ten years for all the research variables. Findings revealed that audit committee independence significantly influence the performance of non-finance companies in Nigeria; Risk committee independence significantly influence the performance of non-finance companies in Nigeria and remuneration committee independence negatively influence the performance of non-finance companies in Nigeria. Specifically, the study concluded that only the variable of remuneration committee independence has negative but insignificant effect on firm financial performance. Furthermore, the study concluded that and increase in audit committee independence and risk management committee independence significantly increase the financial performance of listed non-finance firms in Nigeria. Based on the findings of this study, the researcher recommended that corporate boards of non-finance firms should maintain a sizeable audit committee that are dominated by non-executive directors and shareholders so as to maintain their independence as this significantly influence the firm financial performance.

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The Effect of Audit Committee Characteristics and Firm Financial Performance: An Empirical Study on Listed Companies in Iraq Stock Exchange

Cited by 9 publications

References 0 publications

The Influence of Corporate Governance on the Performance of Islamic Banking Companies in Indonesia

The Influence of Corporate Governance on the Performance of Islamic Banking Companies in Indonesia

Conceptualizing the Moderating Role of CEO Power and Ownership Concentration in the Relationship between Audit Committee and Firm Performance: Empirical Evidence from Pakistan

Board Committees’ Independence and Financial Performance of Listed Non-Finance Firms in Nigeria

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