Investigating the Effects of Audit Committee Quality on Cash Holdings Level

This study aimed to investigate the relationship between audit committee quality and cash holdings level. In this study, the ratio of Ozkan and Ozkan (2004) was used for measuring cash holdings, and the suggested variables of Pearson and Rohana (2014), and of Hisham (2014) were used for determining...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Zohreh Hajiha, Hossein Rajabdorri
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2017
Materias:	cash holdings audit committee quality stock exchange Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/0fef84d91dde4ce7addc9dffe0a5aac1
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:0fef84d91dde4ce7addc9dffe0a5aac1
record_format	dspace
spelling	oai:doaj.org-article:0fef84d91dde4ce7addc9dffe0a5aac12021-11-04T19:52:57ZInvestigating the Effects of Audit Committee Quality on Cash Holdings Level2008-89142476-292X10.22103/jak.2017.1675https://doaj.org/article/0fef84d91dde4ce7addc9dffe0a5aac12017-08-01T00:00:00Zhttps://jak.uk.ac.ir/article_1675_27e0741aaaf5b2a2bb5f10019884ae83.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis study aimed to investigate the relationship between audit committee quality and cash holdings level. In this study, the ratio of Ozkan and Ozkan (2004) was used for measuring cash holdings, and the suggested variables of Pearson and Rohana (2014), and of Hisham (2014) were used for determining the quality of audit committee. The research period spans 5 years from 2011 to 2015 and the sample size includes 131 companies listed in the Tehran Stock Exchange. The ordinary least squares method was used to test the research hypotheses. Findings from hypotheses tests showed that after adjusting the control variables there were significant positive relationships between the indicators of independence of audit committee, specialty of the members of audit committee, the size of audit committee and the number of meetings of audit committee and the measure of level of cash holdings of company. The results indicated that independence of audit committee had the largest impact and size of audit committee had the smallest impact on cash holdings. Hence, with regard to the findings, it could be declared that increase in company's audit committee quality raises the level of and management ability of cash holdings. As a result, it is suggested that companies to increase cash holdings to protect themselves from background risks need to realize the importance of audit committee quality.Zohreh HajihaHossein RajabdorriShahid Bahonar University of Kermanarticlecash holdingsaudit committee qualitystock exchangeAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 8, Iss 2, Pp 63-83 (2017)
institution	DOAJ
collection	DOAJ
language	FA
topic	cash holdings audit committee quality stock exchange Accounting. Bookkeeping HF5601-5689
spellingShingle	cash holdings audit committee quality stock exchange Accounting. Bookkeeping HF5601-5689 Zohreh Hajiha Hossein Rajabdorri Investigating the Effects of Audit Committee Quality on Cash Holdings Level
description	This study aimed to investigate the relationship between audit committee quality and cash holdings level. In this study, the ratio of Ozkan and Ozkan (2004) was used for measuring cash holdings, and the suggested variables of Pearson and Rohana (2014), and of Hisham (2014) were used for determining the quality of audit committee. The research period spans 5 years from 2011 to 2015 and the sample size includes 131 companies listed in the Tehran Stock Exchange. The ordinary least squares method was used to test the research hypotheses. Findings from hypotheses tests showed that after adjusting the control variables there were significant positive relationships between the indicators of independence of audit committee, specialty of the members of audit committee, the size of audit committee and the number of meetings of audit committee and the measure of level of cash holdings of company. The results indicated that independence of audit committee had the largest impact and size of audit committee had the smallest impact on cash holdings. Hence, with regard to the findings, it could be declared that increase in company's audit committee quality raises the level of and management ability of cash holdings. As a result, it is suggested that companies to increase cash holdings to protect themselves from background risks need to realize the importance of audit committee quality.
format	article
author	Zohreh Hajiha Hossein Rajabdorri
author_facet	Zohreh Hajiha Hossein Rajabdorri
author_sort	Zohreh Hajiha
title	Investigating the Effects of Audit Committee Quality on Cash Holdings Level
title_short	Investigating the Effects of Audit Committee Quality on Cash Holdings Level
title_full	Investigating the Effects of Audit Committee Quality on Cash Holdings Level
title_fullStr	Investigating the Effects of Audit Committee Quality on Cash Holdings Level
title_full_unstemmed	Investigating the Effects of Audit Committee Quality on Cash Holdings Level
title_sort	investigating the effects of audit committee quality on cash holdings level
publisher	Shahid Bahonar University of Kerman
publishDate	2017
url	https://doaj.org/article/0fef84d91dde4ce7addc9dffe0a5aac1
work_keys_str_mv	AT zohrehhajiha investigatingtheeffectsofauditcommitteequalityoncashholdingslevel AT hosseinrajabdorri investigatingtheeffectsofauditcommitteequalityoncashholdingslevel
_version_	1718444572500033536

Investigating the Effects of Audit Committee Quality on Cash Holdings Level

Ejemplares similares