Impact of Audit Committee structure on firms’ value in Pakistan: Evidence from the Cement Sector

Kamran Ali, Muhammad Amir

Abstract


The core tenacity of this study is to check out how the audit committee structure influence on firms’ financial value. With the help of literature, the study sets its main objective and uses penal data of 14 companies from cement sector which covers a period of 4 years from 2013 to 2016. The fixed effect approach is used to get the results of regression. The finding of the empirical outcomes is indicating that the Audit Committee structure has a substantial effect on firms’ financial value. The study used data from one sector and only from Pakistan, due to which the application of results in other sectors and the economy is not strong enough. According to superlative of our understanding, this type of research has conducted for the first time in Pakistan which contributes in the fiction of corporate governance as a showing effect of the audit committee structure on firms’ performance. This article provides helpful information to those who are affiliated with the management authorities when they design the structure of Audit committee, so they should make a good combination of audit committee elements for the better performance of the company.


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DOI: https://doi.org/10.5296/jcgr.v2i1.14028

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Journal of Corporate Governance Research  ISSN 1948-4658

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