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L’impact de la présence des comités d’audit sur la performance financière des entreprises tunisiennes
[The impact of the presence of audit committees on the financial performance of Tunisian companies]


  • Bouaziz, Zied
  • Triki, Mohamed


The Audit Committee plays a crucial role in protecting the interests of shareholders and other stakeholders. In fact, its effectiveness is dependent on its characteristics that relate primarily to the independence of its members, the size of the committee, the frequency of meetings and the expertise of the members of the audit committee. Indeed, we have tried to capture the effect of the characteristics of the audit committee on financial performance measured by Return On Assets (ROA) and Return On Equity (ROE). To test the validity of our hypothesis, which states the existence of a certain determinism characteristic of the audit committee on financial performance measured by ROA and ROE, we have developed two models of linear regressions. In the same furrow, we examine the effect of audit committee characteristics at each of the endogenous variables taking into account the impact of firm size and the level of debt. Our empirical validation was conducted on a sample of 26 Tunisian firms listed on the stock exchange in Tunis (Tunis Stock Exchange) over a period which lasts 4 years (2007-2010). The estimated models show satisfactory results showing the importance of the impact of the characteristics of the audit committee on the financial performance of Tunisian companies.

Suggested Citation

  • Bouaziz, Zied & Triki, Mohamed, 2012. "L’impact de la présence des comités d’audit sur la performance financière des entreprises tunisiennes
    [The impact of the presence of audit committees on the financial performance of Tunisian compan
    ," MPRA Paper 42175, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:42175

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    References listed on IDEAS

    1. Laurence Godard, 2000. "La taille du conseil d'administration:déterminants et impact sur la performance," Working Papers CREGO 1010702, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, revised Jul 2001.
    2. Pincus, Karen & Rusbarsky, Mark & Wong, Jilnaught, 1989. "Voluntary formation of corporate audit committees among NASDAQ firms," Journal of Accounting and Public Policy, Elsevier, vol. 8(4), pages 239-265.
    3. Ang, James & Lauterbach, Beni & Schreiber, Ben Z., 2002. "Pay at the executive suite: How do US banks compensate their top management teams?," Journal of Banking & Finance, Elsevier, vol. 26(6), pages 1143-1163, June.
    4. Klein, April, 1998. "Firm Performance and Board Committee Structure," Journal of Law and Economics, University of Chicago Press, vol. 41(1), pages 275-303, April.
    5. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    6. Klein, April, 2002. "Audit committee, board of director characteristics, and earnings management," Journal of Accounting and Economics, Elsevier, vol. 33(3), pages 375-400, August.
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    More about this item


    Audit Committee - independent members of the audit committee - frequency of meetings - Return on Assets - Return on Equity;

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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