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Board committee meetings and firm financial performance : an investigation of Australian companies

journal contribution
posted on 2013-12-01, 00:00 authored by M Hoque, Md Rabiul Islam, M Azam
This article examines how the frequency of board committee meetings impacts on Australian firms’ financial performance. Data were collected from 118 Australian listed companies – including 26 financial firms and 92 nonfinancial firms – for the period 1999–2007. Analysis of that data shows that the frequencies of audit committee meetings and remuneration committee meetings are positively and significantly associated with return on equity and return on assets. The frequencies of risk committee meetings do not show any significant effects on the financial performance of Australian firms. Estimated results are found to be robust after controlling for internal as well as external governance mechanisms that might affect Australian firm performance.

History

Journal

International review of finance

Volume

13

Issue

4

Pagination

503 - 528

Publisher

Wiley-Blackwell Publishing Asia

Location

Melbourne, Vic.

ISSN

1369-412X

eISSN

1468-2443

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal

Copyright notice

2013, Wiley-Blackwell Publishing Asia

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