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Audit Committee Characteristics Impact on Companies' Financial Performance

Mikalauskaite, Ausra
(2019)

Files

mikalauskaite_12571701_2019.pdf
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  • Adobe PDF
  • 1.53 MB

Details

Supervisors
Renata Legenzova (VMU)
Faculty
Louvain School of Management
Degree label
Master [120] en sciences de gestion
Abstract
The aim of this research is to identify and assess what is the impact of audit committee characteristics on of European listed companies’ financial performance. The paper consists of the three main parts. In the first part of this paper theoretical aspects of audit committee and financial performance are presented. 2nd part of the master thesis encompassed methodological framework of the research on audit committee impact on companies’ financial performance together with limitations of the research are provided. Finally, findings of audit committee characteristics impact on companies’ financial performance are described and provided in the context of previous researches. The main results of the conducted analysis allow concluding that audit committee size and independence has negative impact on performance of the companies analysed, while meetings attendance rate has a positive impact. Finally, AC meetings frequency has no significant effect on companies’ financial performance measured as share price movements, return on assets and return on equity.