The Impact of Ownership Concentration on Audit Committee Effectiveness: Evidence from Firms Listed on the Egyptian Stock Exchange

نوع المستند : المقالة الأصلية

المؤلف

Department of Accounting and Auditing - Faculty of Commerce, South Valley University

المستخلص

Abstract
This study examines the relationship between the audit committee effectiveness and the ownership concentration. The sample consists of 56 non-financial firm listed on the Egyptian Stock Exchange during the period 2020-2023. An index that encompasses the audit committee's independence, size, expertise, diligence, and gender diversity is used to gauge how effective an audit committee is. Multiple regression analysis and correlation analysis were conducted. According to the study's findings, institutional ownership has a significant and positive impact on the audit committee's effectiveness. Meanwhile, managerial ownership has a significant negative impact on the effectiveness of the audit committee. No statistically significant relationship was found between family ownership, foreign ownership, and the effectiveness of audit committees. Additionally, the research indicates a significant positive correlation between the audit committee's effectiveness and the firm's potential for future growth. Regulators and policymakers can gain valuable insights from the study, as it highlights which concentrated ownership structures enhance corporate governance quality. These insights can guide the development of policies aimed at enhancing audit committee performance, ultimately leading to more robust financial reporting and greater investor confidence. By fostering ownership structures that support effective governance, firms can better position themselves for sustainable growth and accountability.

الكلمات الرئيسية

مجلة البحوث المالية والتجارية
المجلد 26، العدد 2 - الرقم المسلسل للعدد 1
الجزء الثاني: أبحاث متخصصة في المحاسبة
إبريل 2025
الصفحة 264-302

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