Audit Characteristics, Gender Diversity and Firm Performance: Evidence from a Developing Economy
| Autor: | Kanon Kumar Sen, Md. Hossain Ali, Mohammad Rajon Meah |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Gender diversity
business.industry Strategy and Management 05 social sciences Audit committee Developing country Accounting 050201 accounting Audit 0502 economics and business Business Management and Accounting (miscellaneous) Business Business and International Management 050203 business & management |
| Zdroj: | Indian Journal of Corporate Governance. 14:48-70 |
| ISSN: | 2454-2482 0974-6862 |
| DOI: | 10.1177/09746862211007244 |
| Popis: | This study aims to explore the impact of audit characteristics and gender diversity on firm performance across family and non-family firms in Bangladesh. Using data of 61 non-family and 48 family firms from 2013 to 2019, this study applies system generalised method of moments approach to carry out regression analysis. Next, the consistency of results is detected by a full sample interaction analysis. In case of non-family firm, this study documents that Big4 audit firms (Big4) and female directors on board (FDR) have significant positive impact on firm performance. Conversely, audit meeting frequency (AMF) contributes negatively to the firm performance. Unfortunately, audit committee size (ACS) and audit committee independence (ACI) have no significant contribution on firm performance. In case of family firms, this study finds that ACS and ACI have significant negative impact on firm performance. Besides, Big4, AMF and FDR have no significant contribution on firm performance. It reflects that corporate governance mechanisms in family firm are not working well and even to some extent detrimental to the firm performance. It, ultimately, demands for reforms in corporate governance framework and incorporating new dimensions for family firms. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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