Does Audit Committee Matter for Corporate Social Performance?-Reference-Cited by-同舟云学术

Does Audit Committee Matter for Corporate Social Performance?

Published:2024-08-30 Issue: Volume: Page:178-193
ISSN:2327-350X
Container-title:Advances in Logistics, Operations, and Management Science
language:
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Author:

Sasidharan Aghila¹^ORCID,Geetha Sreelekshmi²^ORCID,Nair Biju Ajithakumari Vijayappan²^ORCID,Jayachandran Ambili²^ORCID,Sheen Nisha³^ORCID

Affiliation:

1. Indian Institute of Forest Management, Bhopal, India

2. University of Kerala, India

3. St. Lawrence College, Ontario, Canada

Abstract

This study examines the effect of audit committees on corporate social performance. Using a sample of Indian firms for the 2008–2021 period, we find that the firm's corporate social performance is significantly higher in the presence of an audit committee. This relationship is stronger when the audit committee consists of more directors. Our results support the resource dependence theory, which indicates that the members of each committee on the board provide various resources to the firms in the form of their skills and expertise. Our study has an implication for the regulators that more transparency should be required in the audit committee to ensure better corporate governance.

Publisher

IGI Global

Reference41 articles.

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5. Determinants of Corporate Social Responsibility (CSR) Disclosure in Developed and Developing Countries: A Literature Review