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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Asian Economic and Social Society
2023
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| _version_ | 1833349208672829440 |
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| author | Shamsuddin A.B. Alshahri G.M. |
| author2 | 57214759474 |
| author_facet | 57214759474 Shamsuddin A.B. Alshahri G.M. |
| author_sort | Shamsuddin A.B. |
| building | UNITEN Library |
| collection | Institutional Repository |
| content_provider | Universiti Tenaga Nasional |
| content_source | UNITEN Institutional Repository |
| continent | Asia |
| country | Malaysia |
| 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. |
| format | Article |
| id | my.uniten.dspace-27103 |
| institution | Universiti Tenaga Nasional |
| publishDate | 2023 |
| publisher | Asian Economic and Social Society |
| record_format | dspace |
| 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 |
| spellingShingle | Shamsuddin A.B. Alshahri G.M. THE EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON FIRM PERFORMANCE: EVIDENCE FROM NON-FINANCIAL SECTORS IN OMAN |
| title | 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_short | 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 |
| url_provider | http://dspace.uniten.edu.my/ |