The financial performance of Lebanese banks up to the financial crisis: do audit committee characteristics and ownership concentration matter?

IF 3.8 Q2 BUSINESS
Rasha Mohammad Nouraldeen
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引用次数: 0

Abstract

Purpose

The focus on corporate governance has increased after the financial collapses of several banks worldwide, such as Silicon Valley Bank and First Republic Bank in the USA, and the failure of the Lebanese banking sector. This study examines the impact of audit committee (AC) characteristics on financial performance and investigates the moderating effect of ownership concentration (OC) on the associations between AC characteristics and profitability.

Design/methodology/approach

The current research is carried out based on 211 Lebanese banks’ annual reports, focusing on the period from 2012 to 2021. The ordinal least squares (OLS) and the hierarchical multiple regression analysis were adopted to test the study’s hypotheses.

Findings

The outcomes reveal that AC size, AC frequency of meetings, and banks’ size (control variable) positively affect financial performance; however, OC does not moderate the associations between the AC characteristics and banks’ profitability.

Originality/value

According to the researcher’s knowledge, no prior study has investigated the moderating effect of OC on these associations. Moreover, the current study contributes to the literature that documented mixed and inconsistent results regarding the direct associations between AC characteristics and financial performance.

金融危机前黎巴嫩银行的财务业绩:审计委员会的特点和所有权集中度是否重要?
目的 在全球几家银行(如美国硅谷银行和第一共和银行)发生财务崩盘以及黎巴嫩银行业倒闭之后,对公司治理的关注与日俱增。本研究探讨了审计委员会(AC)特征对财务业绩的影响,并研究了所有权集中度(OC)对审计委员会特征与盈利能力之间关系的调节作用。研究结果表明,AC 规模、AC 会议频率和银行规模(控制变量)对财务业绩有积极影响;然而,OC 并不能调节 AC 特征与银行盈利能力之间的关联。此外,有关 AC 特征与财务绩效之间直接关联的文献记载结果不一,且存在矛盾,本研究为这些文献做出了贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
9.80
自引率
19.20%
发文量
61
期刊介绍: The EuroMed Journal of Business (EMJB) is the premier publication facilitating dialogue among researchers from Europe and the Mediterranean. It plays a vital role in generating and disseminating knowledge about various business environments and trends in this region. By offering an up-to-date overview of emerging business practices in specific countries, EMJB serves as a valuable resource for its readers. As the official journal of the EuroMed Academy of Business, EMJB is committed to reflecting the economic growth seen in the European-Mediterranean region. It aims to be a focused and targeted business journal, highlighting environmental opportunities, threats, and marketplace developments in the area. Through its efforts, EMJB promotes collaboration and open dialogue among diverse research cultures and practices. EMJB serves as a platform for debating and disseminating research findings, new research areas and techniques, conceptual developments, and practical applications across various business segments. It seeks to provide a forum for discussing new ideas in business, including theory, practice, and the issues that arise within the field.
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