Effect Of Audit Committee Composition On Firms’ Performance (A Comparative Study Of Quoted Firms’ On Nigerian Stock Exchange:- Ajomiwe Oluomachi
ABSTRACT
This
study examine the relationship between three characteristics of audit committee
composition (Audit committee size, Audit committee independence and frequency
of audit committee meeting and firm performance (return on equity “ROE”) with
the sample of 20 listed firms on the Nigeria stock exchanges as at 2012 fiscal
year. Using cross section data, multiple regression analysis and employing the
service of Statistical Package for Social Science (SPSS) evaluation package
version 20. The result reveals that there is a relationship between audit
committee composition and ROE and that 53% ofthe total variable (ROE) is
explained by the independent variables (characteristics of audit committee
composition). On the specifics, the results shows that audit committee size has
a significant positive relationship with return on equity. The audit committee
independence measured by the number of shareholders representatives, executive
directors, and independent directors on the audit committee, has significant
negative relationship with return on equity. The audit committee meetings shows
insignificant negative relationship with return on equity. The researcher
recommend that the audit committee should be structured to a sizable number to
enhance the committee effectiveness, which will help the performance ofthe
firm.
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AJOMIWE, O (2024). Effect Of Audit Committee Composition On Firms’ Performance (A Comparative Study Of Quoted Firms’ On Nigerian Stock Exchange:- Ajomiwe Oluomachi. Mouau.afribary.org: Retrieved Dec 24, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-composition-on-firms-performance-a-comparative-study-of-quoted-firms-on-nigerian-stock-exchange-ajomiwe-oluomachi-7-2
OLUOMACHI, AJOMIWE. "Effect Of Audit Committee Composition On Firms’ Performance (A Comparative Study Of Quoted Firms’ On Nigerian Stock Exchange:- Ajomiwe Oluomachi" Mouau.afribary.org. Mouau.afribary.org, 22 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-composition-on-firms-performance-a-comparative-study-of-quoted-firms-on-nigerian-stock-exchange-ajomiwe-oluomachi-7-2. Accessed 24 Dec. 2024.
OLUOMACHI, AJOMIWE. "Effect Of Audit Committee Composition On Firms’ Performance (A Comparative Study Of Quoted Firms’ On Nigerian Stock Exchange:- Ajomiwe Oluomachi". Mouau.afribary.org, Mouau.afribary.org, 22 Aug. 2024. Web. 24 Dec. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-composition-on-firms-performance-a-comparative-study-of-quoted-firms-on-nigerian-stock-exchange-ajomiwe-oluomachi-7-2 >.
OLUOMACHI, AJOMIWE. "Effect Of Audit Committee Composition On Firms’ Performance (A Comparative Study Of Quoted Firms’ On Nigerian Stock Exchange:- Ajomiwe Oluomachi" Mouau.afribary.org (2024). Accessed 24 Dec. 2024. https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-composition-on-firms-performance-a-comparative-study-of-quoted-firms-on-nigerian-stock-exchange-ajomiwe-oluomachi-7-2