Executive power, Audit committee expertise and Internal control quality: An Empirical Analysis of China's A-share Markets
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
The audit committee is responsible for improving the internal supervision, but executives may limit the audit committee effectiveness for self-interest. We choose all A shares in China during 2014-2016 as an example to research the effectiveness of audit committee expertise on internal control quality and whether the effectiveness will be weakened by the executive power. We found that (1) professional audit committee improves the company’s internal control quality; (2) the executive power will weaken the audit committee effectiveness; (3) equity incentive will decrease the internal control quality and it may not mitigate the adverse effects of executive power on the audit committee effectiveness
Authors and Affiliations
Ma Xiangyun, Liu Shiping
Keywords
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- EP ID EP412800
- DOI 10.26480/icemi.01.2017.151.153
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