Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria
Sustainable growth involves a situation where growth is witnessed with no increase in assets, equity issuance and liabilities. An effective corporate governance mechanism, especially the audit committee, is needed to achieve an optimum sustainable growth rate. The influence of audit committee charac...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ferdowsi University of Mashhad
2022-08-01
|
| Series: | Iranian Journal of Accounting, Auditing & Finance |
| Subjects: | |
| Online Access: | https://ijaaf.um.ac.ir/article_42276_74379f5caf6497603ed1a86cafb56501.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850120589585416192 |
|---|---|
| author | Taiwo Asaolu Johnson Olowookere Aderemi Adebayo Tajudeen Kareem |
| author_facet | Taiwo Asaolu Johnson Olowookere Aderemi Adebayo Tajudeen Kareem |
| author_sort | Taiwo Asaolu |
| collection | DOAJ |
| description | Sustainable growth involves a situation where growth is witnessed with no increase in assets, equity issuance and liabilities. An effective corporate governance mechanism, especially the audit committee, is needed to achieve an optimum sustainable growth rate. The influence of audit committee characteristics on the manufacturing firms’ sustainable growth during the financial crisis cannot be overemphasized. Hence, this study was carried out to investigate the influence of audit committee characteristics on the sustainable growth rate of non-financial firms in Nigeria. The study population was listed as manufacturing companies on the Nigerian Stock Exchange (NSE). A sample size of 60 manufacturing firms was selected using a purposive sampling technique and content analysis, covering ten financial years (2011 to 2020). The results showed that audit committee size, audit committee independence and audit committee financial expertise were positively and significantly associated with sustainable growth rate. The study was anchored on agency theory because it showed that effective audit committee characteristics greatly contributed to the overall companies’ goal congruence. From the foregoing, the study recommended that an audit committee should be large, with a great sense of independence and professionalism to make non-financial companies attain sustainable growth. |
| format | Article |
| id | doaj-art-3a1620e5ea7f449eb9c4384c5612f40c |
| institution | OA Journals |
| issn | 2717-4131 2588-6142 |
| language | English |
| publishDate | 2022-08-01 |
| publisher | Ferdowsi University of Mashhad |
| record_format | Article |
| series | Iranian Journal of Accounting, Auditing & Finance |
| spelling | doaj-art-3a1620e5ea7f449eb9c4384c5612f40c2025-08-20T02:35:19ZengFerdowsi University of MashhadIranian Journal of Accounting, Auditing & Finance2717-41312588-61422022-08-016311310.22067/ijaaf.2022.4227642276Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in NigeriaTaiwo Asaolu0Johnson Olowookere1Aderemi Adebayo2Tajudeen Kareem3Department of Management and Accounting, Faculty of Administration, Obafemi Awolowo UniversityDepartment of Accounting, Faculty of Management Sciences, Osun State University, Osogbo.Department of Accounting, Faculty of Management Sciences, Osun State University, Osogbo.Department of Accounting, Faculty of Management Sciences, Osun State UniversitySustainable growth involves a situation where growth is witnessed with no increase in assets, equity issuance and liabilities. An effective corporate governance mechanism, especially the audit committee, is needed to achieve an optimum sustainable growth rate. The influence of audit committee characteristics on the manufacturing firms’ sustainable growth during the financial crisis cannot be overemphasized. Hence, this study was carried out to investigate the influence of audit committee characteristics on the sustainable growth rate of non-financial firms in Nigeria. The study population was listed as manufacturing companies on the Nigerian Stock Exchange (NSE). A sample size of 60 manufacturing firms was selected using a purposive sampling technique and content analysis, covering ten financial years (2011 to 2020). The results showed that audit committee size, audit committee independence and audit committee financial expertise were positively and significantly associated with sustainable growth rate. The study was anchored on agency theory because it showed that effective audit committee characteristics greatly contributed to the overall companies’ goal congruence. From the foregoing, the study recommended that an audit committee should be large, with a great sense of independence and professionalism to make non-financial companies attain sustainable growth.https://ijaaf.um.ac.ir/article_42276_74379f5caf6497603ed1a86cafb56501.pdfkeywords: audit committee independenceaudit committee meetingaudit committee sizesustainable growth |
| spellingShingle | Taiwo Asaolu Johnson Olowookere Aderemi Adebayo Tajudeen Kareem Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria Iranian Journal of Accounting, Auditing & Finance keywords: audit committee independence audit committee meeting audit committee size sustainable growth |
| title | Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria |
| title_full | Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria |
| title_fullStr | Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria |
| title_full_unstemmed | Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria |
| title_short | Audit Committee Characteristics and Sustainable Growth Among Selected Listed Non-Financial Firms in Nigeria |
| title_sort | audit committee characteristics and sustainable growth among selected listed non financial firms in nigeria |
| topic | keywords: audit committee independence audit committee meeting audit committee size sustainable growth |
| url | https://ijaaf.um.ac.ir/article_42276_74379f5caf6497603ed1a86cafb56501.pdf |
| work_keys_str_mv | AT taiwoasaolu auditcommitteecharacteristicsandsustainablegrowthamongselectedlistednonfinancialfirmsinnigeria AT johnsonolowookere auditcommitteecharacteristicsandsustainablegrowthamongselectedlistednonfinancialfirmsinnigeria AT aderemiadebayo auditcommitteecharacteristicsandsustainablegrowthamongselectedlistednonfinancialfirmsinnigeria AT tajudeenkareem auditcommitteecharacteristicsandsustainablegrowthamongselectedlistednonfinancialfirmsinnigeria |