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THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN

This study aims to observe the effect of audit committee (AC) characteristics, namely AC size (ACS), AC independence (ACI), and AC meetings (ACM) on two financial performance indicators; return on assets (ROA) and Tobin�s Q. This study was conducted on 63 non-financial firms listed on the Muscat Sec...

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Main Authors: Shamsuddin A.B., Alshahri G.M.
Other Authors: 57214759474
Format: Article
Published: Asian Economic and Social Society 2023
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spelling my.uniten.dspace-271032023-05-29T17:39:35Z THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN Shamsuddin A.B. Alshahri G.M. 57214759474 57907118700 This study aims to observe the effect of audit committee (AC) characteristics, namely AC size (ACS), AC independence (ACI), and AC meetings (ACM) on two financial performance indicators; return on assets (ROA) and Tobin�s Q. This study was conducted on 63 non-financial firms listed on the Muscat Securities Market (MSM) in Oman for the period from 2016 to 2019. Multiple regression techniques have been applied to analyze the data and get empirical results. The findings revealed that two of the three independent variables have an insignificant effect on financial performance, and ACI has a substantial negative effect on Tobin�s Q. Based on the findings, it can be implied that the corporate governance mechanism and AC structure in Omani firms need to be improved. Stricter control government authorities may be necessary to ensure that firms appoint AC members who can enhance the firm�s performance, and contribute to the country's economic expansion. � 2022 AESS Publications. All Rights Reserved. Final 2023-05-29T09:39:35Z 2023-05-29T09:39:35Z 2022 Article 10.55493/5002.v12i9.4612 2-s2.0-85138817456 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85138817456&doi=10.55493%2f5002.v12i9.4612&partnerID=40&md5=c310aba00d690190d6400085e0b8803f https://irepository.uniten.edu.my/handle/123456789/27103 12 9 816 836 All Open Access, Bronze Asian Economic and Social Society Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description This study aims to observe the effect of audit committee (AC) characteristics, namely AC size (ACS), AC independence (ACI), and AC meetings (ACM) on two financial performance indicators; return on assets (ROA) and Tobin�s Q. This study was conducted on 63 non-financial firms listed on the Muscat Securities Market (MSM) in Oman for the period from 2016 to 2019. Multiple regression techniques have been applied to analyze the data and get empirical results. The findings revealed that two of the three independent variables have an insignificant effect on financial performance, and ACI has a substantial negative effect on Tobin�s Q. Based on the findings, it can be implied that the corporate governance mechanism and AC structure in Omani firms need to be improved. Stricter control government authorities may be necessary to ensure that firms appoint AC members who can enhance the firm�s performance, and contribute to the country's economic expansion. � 2022 AESS Publications. All Rights Reserved.
author2 57214759474
author_facet 57214759474
Shamsuddin A.B.
Alshahri G.M.
format Article
author Shamsuddin A.B.
Alshahri G.M.
spellingShingle Shamsuddin A.B.
Alshahri G.M.
THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN
author_sort Shamsuddin A.B.
title THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN
title_short THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN
title_full THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN
title_fullStr THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN
title_full_unstemmed THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN
title_sort effect of audit committee characteristics on firm performance: evidence from non-financial sectors in oman
publisher Asian Economic and Social Society
publishDate 2023
_version_ 1806423301233311744
score 13.211869

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