Voluntary adoption of audit committees, ownership structure and firm performance: Evidence from Taiwan

淡江大學機構典藏 > 商管學院 > 財務金融學系暨研究所 > 期刊論文 > Item 987654321/122918

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题名:	Voluntary adoption of audit committees, ownership structure and firm performance: Evidence from Taiwan
作者:	Hung, Shih-chang
关键词:	agency conflict;audit committee;firm performance;idiosyncratic risk;voluntary adoption
日期:	2021-04-15
上传时间:	2023-04-28 16:26:28 (UTC+8)
摘要:	Based on exogenous policy in corporate governance reform, this study examines how the voluntary adoption of audit committees affects firm performance and risk. We use a self-selection model to investigate the effect of voluntary adoption of audit committees on Tobin’s Q, return on assets, and idiosyncratic risk. Our results show that Taiwanese listed firms, especially those that are family controlled, have better performance and lower risk when they voluntarily adopt audit committees. Our results suggest that voluntary adoption of audit committees can reduce agency conflict and asymmetric information.
關聯:	Emerging Markets Finance and Trade 57(5), p.1514-1542
DOI:	10.1080/1540496X.2019.1635449
显示于类别:	[財務金融學系暨研究所] 期刊論文

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