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Determinants of audit committee meeting frequency: Evidence from Chinese listed companies

Yin, Feng; Gao, Simon; Li, Wanli; Lv, Huaili

Authors

Feng Yin

Wanli Li

Huaili Lv



Abstract

Purpose – The purpose of this paper is to investigate the determinants of audit committee meeting frequency in Chinese listed companies.
Design/methodology/approach – A multiple linear regression model, derived from the logarithmic model proposed by Raghunandan and Rama, is used to examine the determinants and an unbalanced panel data fixed effects model was used for robust tests.
Findings – Based on 912 year-firm observations, the authors found that audit committee meeting frequency was negatively associated with the proportion of shares owned by a majority shareholder and the number of audit committee meetings is less in stated-owned firms than privately-owned firms. Both audit committee and firm size were found to be positively associated with the frequency and
there was a negative relationship between the proportion of independent directors on a board of directors and the number of audit committee meetings in China. However, no evidence was found of the associations of the frequency with the proportion of directors who are accounting experts on the audit committee, the CEO-Chairman duality, management ownership, board size, BIG4 and profitability.
Originality/value – This is the first paper to present empirical evidence on the determinants of audit committee meeting frequency in Chinese listed companies. The paper looks into the impact of firm
ownership on the meeting frequency in China and finds that the number of audit committee meetings is less in stated-owned listed firms than privately-owned listed firms.

Citation

Yin, F., Gao, S., Li, W., & Lv, H. (2012). Determinants of audit committee meeting frequency: Evidence from Chinese listed companies. Managerial Auditing Journal, 27(4), 425-444. https://doi.org/10.1108/02686901211218003

Journal Article Type Article
Acceptance Date Aug 24, 2011
Publication Date Apr 13, 2012
Deposit Date Aug 3, 2016
Journal Managerial Auditing Journal
Print ISSN 0268-6902
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 27
Issue 4
Pages 425-444
DOI https://doi.org/10.1108/02686901211218003
Keywords China, corporate governance, audit committees, boards of directors, diligence,
Public URL http://researchrepository.napier.ac.uk/Output/324061