Does Audit Committee Characteristics Drive Financial Performance? A Case of Nigerian Service Firms
Journal Title: Gusau International Journal of Management and Social Sciences - Year 2021, Vol 4, Issue 1
Abstract
This study was carried out to assess whether audit committee characteristics drive financial performance of publicly quoted service firms in Nigeria. Audit committee characteristic was measured using audit committee size and independence, financial performance by return on equity and earnings per share, while control variable is natural logarithm of total assets. Data were obtained from the annual reports and accounts of sixteen (16) publicly quoted service firms during the period 2012-2019. Multivariate estimation technique was employed in the analysis of data and findings indicated that audit committee characteristics significantly and positively affect financial performance. Moreover, while financial performance measure of return on equity negatively affects the size of firm, earnings per share do not. In view of the findings, it is recommended that the audit committee members should be empowered to be more independent in order to ensure significant audit that can propel financial performance; this would enhance financial performance of publicly quoted companies.
Authors and Affiliations
Otemu Eseoghene, Otemu Oghenevwogaga
Keywords
Related Articles
- EP ID EP709567
- DOI -
- Views 43
- Downloads 0
Estimating the Cost of Improving Households' Resilience to Floods through the Construction of a Dam in Some Parts of Jigawa State, Nigeria
Climate change and/or climate variability has heightened the frequency and re-occurrence of climate related disasters, particularly floods in the past two decades globally. In line with achieving disaster resilience and...
An Analysis of Water, Energy and Food Nexus: A linear and Nonlinear Granger Causality Approach
The nexus between water, energy and food security has drawn attention among researchers and policymakers in recent times. Given that empirical works in the area are scanty, this paper empirically evaluates the water, en...
Effect of Credit Risk on Financial Performance of Listed Deposit Money Banks in Nigeria
Banks are the largest financial institutions, with numerous branches and subsidiaries around the globe. However, the business of banking is not without drawbacks. Credit risk is one of the major threats facing the banki...
Organisational Justice and Human Resource Retention: Role of Leadership Consideration
The role that leadership consideration plays on the effects of organisational justice on human resource retention has not been widely researched, eventhough, leadership had predicted the retention of employees in the wo...
Community Crisis and Development Challenges in Ibaa Community in Rivers State, Nigeria (2008-2019)
This study aims at assessing community crisis and development in Ibaa community, Rivers State, from 2008 to 2019. The paper adopted three questions which served as guide to the study. Furthermore, the research design use...