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| Author: | Mendez, C.F. Garcia, R.A. |
| Title: | The effects of ownership structure and board composition on the audit committee meeting frequency: Spanish evidence |
| Journal: | Corporate governance
2007 : SEP, VOL.15:5, p. 909-922 |
| Index terms: | board of directors chief executive officers management auditing audit committees Spain |
| Freeterms: | ownership structure |
| Language: | eng |
| Abstract: | This paper explores the factors affecting the activity of the audit committees (henceforth as: a-cmt./a-cmts.) in Spain. Based on data collected from the Spanish stock markets in 2003, it is shown the existence of a non-linear relationship btw. the managerial stock ownership and the activity of the a-cmt. In addition, there is also verification for the existence of a lower a-cmt.'s activity in highly leveraged firms and when the ownership structure is concentrated to large shareholders. The large firms have more active a-cmts. than the small ones. However, there is found no evidence of a significant influence of the board composition or the a-cmt. on the activity of the latter. |
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