TITLE

The Moderating Effect of Board Diversity on the Relationship Between Audit Committee Characteristics and Firm Performance in Oman: Empirical Study

AUTHOR(S)
Al-Matari, Ebrahim Mohammed; Bt Fadzil, Faudziah Hanim; Al-Swidi, Abdullah Kaid
PUB. DATE
May 2014
SOURCE
Middle East Journal of Scientific Research;2014, Vol. 21 Issue 5, p792
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study aims to examine the relationship between audit committee characteristics and firm performance Oman. It also attempts to explore the moderating effect of the board diversity on the association between audit committee characteristics and firm performance and to fill the gap in the existing literature that examined the relationship between corporate governance and firm performance in the developing countries. The data is comprised of 162 non-financial companies listed on Muscat Security Market (MSM) through 2011 and 2012. This study used some assumptions in order to test independent variables, moderating variables and dependent variables as provided in the method section. This study revealed a positive association between audit committee size and audit committee meeting to firm performance but not significant. On the other hand, a negative but insignificant relationship was found between audit committee independence and firm performance. Moreover, this study revealed that the foreign members of the board have a significant moderating effect on the relationship between audit committee independence and firm performance. At the end, this study provides some future recommendations.
ACCESSION #
96892937

 

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