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Determinants of Audit Committee Independence in the Financial Sector of Bangladesh

Applied Finance and Accounting

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Field Value
 
Title Determinants of Audit Committee Independence in the Financial Sector of Bangladesh
 
Creator Adhikary, Bishnu Kumar
Mitra, Ranjan Kumar
 
Description This paper examines the determining factors of the audit committee independence in the financial sector of Bangladesh by employing a cross-sectional regression analysis on 72 financial firms. The paper reveals that firms with large boards and more non-executive directors tend to provide more independence to the auditors. Also, large firms with potential growth opportunities show less interest in giving freedom to the audit committee members; whereas firms with the higher leverage demand more audit committee independence to confirm quality monitoring and quality financial statements. The study, however, reveals a negative relationship between the size of the audit committee and its work independence. The study also does not find any significant association between audit committee independence and presence of experts in the audit committee, percentage of insider ownership, free cash flow, and firms’ profitability.
 
Publisher Redfame publishing
 
Contributor —
 
Date 2016-05-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://redfame.com/journal/index.php/afa/article/view/1591
10.11114/afa.v2i2.1591
 
Source Applied Finance and Accounting; Vol 2, No 2 (2016); 46-56
2374-2429
2374-2410
 
Language eng
 
Relation http://redfame.com/journal/index.php/afa/article/view/1591/1626