文章基本信息

标题：Board of Directors, Audit Committee Characteristics and the Performance of Saudi Arabia Listed Companies
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作者：Yahya Ali Al-Matari ; Abdullah Kaid Al-Swidi ; Faudziah Hanim Bt Fadzil Hanim Fadzil 等
期刊名称：International Review of Management and Marketing
电子版ISSN：2146-4405
出版年度：2012
卷号：2
期号：4
页码：241-251
语种：English
出版社：EconJournals
摘要：This study examines the relationship between the internal corporate governance mechanism related to the board of directors, the audit committee characteristics and the performance of the Saudi companies listed in the Saudi stock exchange (TADAWL) in 2010, excluding financial companies. The statistical results of the study are not in line with the agency theory that board of directors and audit committee might mitigate agency problems leading to reduced agency cost by aligning the interests of controlling owners with those of the company. While audit Committee size (ACSIZE) is found to have a significant relationship with firm performance (but in the opposite direction to expectation), other hypothesized variables, the proportion of non-executive directors (BODCOM), CEO Duality (DUAL), Board Size (BSIZE), Audit Committee Independence (ACIND), audit committee meeting (ACMEET) were found to be as expected directions but insignificantly related to firm performance measure except the direction of the proportion of non-executive directors (BODCOM) was opposite to the expectations. Keywords: Corporate governance; Firm performance; Board of directors; Audit committee; Saudi Arabia. JEL Classifications : M40; M41; M42