| Summary: | 碩士 === 國立政治大學 === 會計學系 === 107 === Since Securites and Exchange Act involed the formation of audit committee in 2006, the Financial Supervisory Commission in Taiwan have expanded the scope of regulations on establishments of audit committee. Based on the enlarging scope of regulations, extended to all listed companies by 2022, and the increasing attentions on audit committee, this study attempts to examine whether differences exist on the quality of audit committees who established it voluntarily or not, and connects the different formation of audit committee to their impacts on firm value and corporation performance.
Using listed companies in Taiwan as the sample from 2010 to 2017, this research is aimed at finding relationship among the different formations of audit committee and their influences. The empirical results indicate that the audit committee of companies voluntarily adopting it have higher qualities. Besides, these audit committees have significantly positive effects on their firm value. However, the audit committee of companies unvoluntarily formed it haves significantly negative effects. Otherwise, the results show that the formation of audit committee has significantly negative effect on corporation performance. By dividing the formations of audit committees, the results indicate that the voluntary formation may reduce its negative effects and the unvoluntary foarmation may aggravate the effects.
|
|---|
