فعالیة لجنة المراجعة ونمو الشرکات المستدام: حالة مصر (باللغة الإنجلیزیة)

Abstract

The purpose of this study is to examine the association between audit committee (AC hereafter) effectiveness, measured by its characteristics; AC size, AC independence and AC meetings and corporate sustainable growth rate (SGR hereafter) in the Egyptian setting. It also explores how results differ between service and non-service firms and whether the main results persist when only profitable firms are being examined. To obtain relevant information about AC characteristics and SGR, the study relied on the board of directors' and annual reports of non-financial firms listed on the Egyptian Stock Exchange (EGX) during the period spanning from 2015 to 2019. Multiple regression models were developed to test the research hypotheses and conduct sensitivity and additional analyses. After controlling for audit quality, ownership concentration, firm size, firm age and firm risk, regression results didn't Show significant positive association between AC size and SGR. However, AC independence and AC meetings are positively and significantly associated with SGR. Ownership concentration is positively and significantly associated with SGR, while audit quality is negatively