Characteristics of audit committees and banking sector performance in GCC

Download This Article

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

The purpose of this paper is to investigate the association between bank performance and audit committee characteristics for banks in Gulf Cooperation Council (GCC) over the period from 2013 to 2017. Regression of ordinary least squares quantile (OLS) and regression of quantile data are used to test the relationship between bank performance as a dependent variable and certain independent variables. The results revealed that committee size has a significant impact on banks’ performance but the presence of women members, independent members, committee meetings, and the existence of qualified members do not. The current study is one of a few studies, which addresses the association between bank performance and audit committee characteristics for banks in GCC.

Keywords: Audit Committee Characteristics, Bank Performance, Non-Executive Committee Members, Committee Size, Committee Meetings, GCC Countries

Authors’ individual contribution: Conceptualization — E.R.E.; Methodology — E.R.E.; Investigation — M.E.B.; Resources — E.R.E.; Writing — Original Draft — E.R.E.; Writing — Review & Editing — M.E.-B.; Supervision — M.E.B.; Funding — E.R.E., M.E.-B., and M.E.B.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: G30, M1, M2

Received: 28.12.2020
Accepted: 01.11.2021
Published online: 03.11.2021

How to cite this paper: Elbahar, E. R., El-Bannany, M., & El Baradie, M. (2021). Characteristics of audit committees and banking sector performance in GCC [Special issue]. Journal of Governance & Regulation, 10(4), 302–310. https://doi.org/10.22495/jgrv10i4siart10