Characteristics of Audit Committee and Performance of Banks
Subject Areas : Corporate governanceMohammad Hosein Fatheh 1 , ahmad Hasanpor 2
1 - Assistant Professor of Accounting Department, Payam Noor University, Tehran, Ira
2 - Accounting PhD student, Department of Accounting, Payam Noor University, Tehran, Iran
Keywords: Corporate Governance, bank performance, Audit Committee, Financial Expertise,
Abstract :
T The board of directors is considered as one of the most important effective dimensions of corporate governance due to having a key mechanism to reduce the conflict between shareholders and managers, as a tool to prevent the conflict of interests between the bank and the law regulator. The purpose of this study was to investigate the effect of characteristics of audit committee on the performance of banks. The statistical population of the research was the banks admitted to the Tehran Stock Exchange, which were examined in a 7-year period between 1394 and 1400. Four dependent variables were used in the present study to measure the performance of banks. The results of the research hypotheses test showed that there was a positive and significant effect between the financial expertise of the audit committee and the return on assets, but the independence, size and proportion of women in the audit committee did not have a significant effect on the return on assets. Finally, independent variables had the greatest impact on banks' operating profit ratios.
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