The Impact of Audit Committee Characteristics on Firm Performance and Integrated Risk- A Case Study of the Semiconductor Industry

• Main Authors: Szu-Chia Wu, 吳思佳
• Other Authors: Chu-Ching Wang
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/n2565w

碩士 === 淡江大學 === 企業管理學系碩士在職專班 === 106 === Taiwan has legislated many corporate governance concepts based on the trends and developments of international corporate governance. However, there had been an explosion of fraudulent events in the domestic market since the end of 2016. In 2017, the Financial Supervisory Commission of Taiwan began to review the monitoring processes of corporate governance; in the meantime, all listed companies were requested to appoint independent directors, expand mandatory audit committee requirements gradually, disclose all duties required by law and strengthen the participation of independent directors in board meetings, and encourage listed companies to protect the rights and interests of investors, enhance the functions of the board of directors and carry out corporate social responsibility. The major purpose of this study is to identify the influence of audit committee characteristics on firm performance and integrated risk. And take the samples of companies in the semiconductor industry listed on Taiwan Stock Exchange and over the Counter from 2015 to 2017. This thesis will discuss the impact of audit committee characteristics (such as the gender of members, the diversified professional background of members, and the busyness of members.) on firm performance and integrated risk. It is expected that the results of this analysis can be used to choose the appropriate members for audit committee. Followings are some important findings in this empirical study: 1.The more the diversified professional backgrounds of audit committee, the higher the firm performance. 2.The more the diversified professional backgrounds of audit committee, the lower the integrated risk of firm. 3.The female member of audit committee is negatively correlated with firm performance. 4.The female member of audit committee is negatively correlated with integrated risk. 5.The more positions get by audit committee members, the lower the firm performance. 6.The more positions get by audit committee members, the lower the integrated risk of firm.