Audit Committee Compliance and Company Performance Nexus: Evidence from ASX Listed Companies

Gani, I, Wijeweera, A and Eddie, I 2017, 'Audit Committee Compliance and Company Performance Nexus: Evidence from ASX Listed Companies', Business and Economic Research, vol. 7, no. 2, pp. 1-11.


Document type: Journal Article
Collection: Journal Articles

Title Audit Committee Compliance and Company Performance Nexus: Evidence from ASX Listed Companies
Author(s) Gani, I
Wijeweera, A
Eddie, I
Year 2017
Journal name Business and Economic Research
Volume number 7
Issue number 2
Start page 1
End page 11
Total pages 11
Publisher Macrothink Institute
Abstract This study examines whether the compliance with the audit committee recommendations which the Australian Stock Exchange (ASX) Corporate Governance Council (2003, 2007, 2010, 2014) put forward as part of its corporate governance reforms has enhanced corporate performance of ASX listed companies. Using company performance variables for 97ASX listed companies in the materials sector, the study estimates six different company performance models under two major categories of accounting performance indicators and investor performance indicators. Result clearly suggest that among corporations that operated within the materials sector and ranked in the top 500 companies listed on the ASX, those that complied with ASX recommendation of audit committee requirements, have achieved a higher corporate performances as measured by return on assets (ROA) and return on equity (ROE) as opposed to those firms that did not comply with the recommendation.
Subject Auditing and Accountability
Keyword(s) company performance
audit committees
corporate governance
DOI - identifier 10.5296/ber.v7i2.11579
Copyright notice © Macrothink Institute
ISSN 2162-4860
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