Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies
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 statistic...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2012
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| Online Access: | https://repo.uum.edu.my/id/eprint/15433/1/303%20%281%29.pdf |
| _version_ | 1825803535057420288 |
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| author | Al-Matari, Yahya Ali Al-Swidi, Abdullah Kaid Fadzil, Faudziah Hanim Al-Matari, Ebrahim Mohammed |
| author_facet | Al-Matari, Yahya Ali Al-Swidi, Abdullah Kaid Fadzil, Faudziah Hanim Al-Matari, Ebrahim Mohammed |
| author_sort | Al-Matari, Yahya Ali |
| collection | UUM |
| description | 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. |
| first_indexed | 2024-07-04T05:58:41Z |
| format | Article |
| id | uum-15433 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:58:41Z |
| publishDate | 2012 |
| record_format | eprints |
| spelling | uum-154332016-04-19T02:52:25Z https://repo.uum.edu.my/id/eprint/15433/ Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies Al-Matari, Yahya Ali Al-Swidi, Abdullah Kaid Fadzil, Faudziah Hanim Al-Matari, Ebrahim Mohammed HD28 Management. Industrial Management 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. 2012 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15433/1/303%20%281%29.pdf Al-Matari, Yahya Ali and Al-Swidi, Abdullah Kaid and Fadzil, Faudziah Hanim and Al-Matari, Ebrahim Mohammed (2012) Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies. International Review of Management and Marketing, 2 (4). pp. 241-251. ISSN 2146-4405 http://www.econjournals.com/index.php/irmm/article/view/303 |
| spellingShingle | HD28 Management. Industrial Management Al-Matari, Yahya Ali Al-Swidi, Abdullah Kaid Fadzil, Faudziah Hanim Al-Matari, Ebrahim Mohammed Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies |
| title | Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies |
| title_full | Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies |
| title_fullStr | Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies |
| title_full_unstemmed | Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies |
| title_short | Board of directors, audit committee characteristics and performance of Saudi Arabia listed companies |
| title_sort | board of directors audit committee characteristics and performance of saudi arabia listed companies |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/15433/1/303%20%281%29.pdf |
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