Determinants of establishing an audit committee in Philippine Stock Exchange-listed companies
Clicks: 1
ID: 284683
2002
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This
article has not been analysed, so there is no overall score —
reader engagement is measured and shown alongside.
Reader Engagement
0.0
/100
1 views
0 readers
AI Quality Assessment
Not analyzed
Readership in this journal
Ranked #2,393 of 3,757 articles by views in Malay Journal
Most read
Least read
Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 3,757 in total.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
5
SUSD
one-off · no wallet required
Abstract
This study examines the determinants of audit committee formation in companies listed in the Philippine Stock Exchange. Using the agency framework, the hypothesis was tested using the 1996 and 2000 data drawn from Philippine Stock Exchange. The results indicate that consistent with expectations, audit committees appear to be positively associated with large entities and companies with high leverage. However, the variables assets-in-place, number of shareholders, top-5 auditing firm, and return on investment were not statistically significant. Corporations are entities that create new economic value. The competitiveness of business is crucial in determining the competitiveness of a country. As such, countries over the world are in pursuit of introducing competitive measures and practices according to international compatibility liberalizing capital movement, and increasing the interaction between states to raise managerial efficiency and hence, enhance competitiveness of corporations or their respective nationality.With the dawning of the new millennium, corporations must also take progressive and practice measures towards meeting the global trend to survive international competition. A faultless corporate governance system is a major factor in making investment decisions in the globalized capital market. For corporations to procure long-term funds under a blanket of stability, a governance structure acknowledge internationally is a must. In respond to these demands of the present era, formation of audit committees for better corporate governance will render companies more credible domestically and internationally, and enhance transparency and efficiency of management.
Audit committees can play an invaluable part in improving companies' accountability and governance structures. Used effectively, they may provide a bridge between management, the directors, the shareholders and external auditors. Many companies outside the country already have audit committees. In some cases, these have been established for many years.
| Reference Key |
persistent_1760653382_68f170464d6bc
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | Manzano, Felomina |
| Journal | Malay Journal |
| Year | 2002 |
| DOI |
DOI not found
|
| URL | |
| Keywords | Keywords not found |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.