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The determinants of audit committee independence and activity: evidence from the UK

Al-Najjar, Basil (2011) The determinants of audit committee independence and activity: evidence from the UK. International Journal of Auditing 15 (2), pp. 191-203. ISSN 1099-1123.

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Official URL: http://dx.doi.org/10.1111/j.1099-1123.2011.00429.x

Abstract

We investigate the determinants of audit committee independence and activity in UK firms. We employ panel data analysis for non-financial films that provide the required information for the period from 2003 to 2008. Our findings show that audit committees are more independent when firms have large boards and more insider ownership. In addition, we detect that large firms place less demand on audit independence. This study also provides new evidence that firms with more free cash flows require more audit independence. Finally, firms with large audit committees and large boards that meet more frequently are active and demand more audit committee meetings.

Item Type: Article
Keyword(s) / Subject(s): agency theory, audit committee, corporate governance
School or Research Centre: Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Management
Depositing User: Dr Basil Al-Najjar
Date Deposited: 25 Oct 2012 15:57
Last Modified: 17 Apr 2013 12:25
URI: http://eprints.bbk.ac.uk/id/eprint/5371

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