The Relation between the Audit Committee and Corporate Value

• Main Authors: Dai-kai-ping, 戴凱平
• Other Authors: Li-He-Long
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/qe46nd

碩士 === 國立高雄應用科技大學 === 會計系 === 102 === Respecting the fact that lots of financial frauds domestic companies broke out, defects of corporate governance were found. After audit committee system was introduced in 2006, it looks forward to assisting board to strengthen corporate governance and to increasing corporate value. This study examines the relationship between the setting of audit committee and corporate value by using companies in 2008 to 2012 as samples and using ROA, ROE and Tobin’s Q as a measure of corporate value. To be more further, audit committee will be divided into the size of audit committee, the independence of audit committee, the part-time of audit committee and the frequency of meeting to examines the relationship between audit committee characteristics and corporate value. The empirical result shows that the setting of audit committee is significantly, positively associated with corporate value. And we find that the size of audit committee and the independence of audit committee are significantly, positively associated with corporate market value, and the part-time of audit committee is significantly, negatively associated with corporate market value. On the other hand, we find that the independence of audit committee is significantly, positively associated with corporate book value, and the frequency of meeting is significantly, negatively associated with corporate book value.