The Impact of Audit Committee Characteristics on ESG

Scientific Journal of King Faisal University: Humanities and Management Sciences Pub Date : 2024-06-10 DOI:10.37575/h/mng/240014

Mariyam Almutair, Thamir Al Barrak

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Abstract

In light of the growing significance of sustainability objectives and their connection with future economic landscapes, and considering the fundamental role of audit committees in the financial reporting environment, this study aims to measure the impact of audit committees characteristics on the level of disclosure of Environmental, Social, and Governance (ESG) practices in the annual reports of companies listed on the Saudi financial market. This study utilizes the ESG index compiled by Bloomberg, which measures companies' disclosure levels for this purpose. Due to data availability, the sample includes 44 companies listed on the main market during the period from 2017 to 2021. Using multiple regression analysis, this study shows a positive impact of the independence, size, and financial expertise of audit committees on the level of disclosure of ESG practices. Additionally, the results show a negative impact of the number of audit committee meetings on the level of disclosure of ESG practices. KEYWORDS accounting, financial expertise, independence, quality, size, sustainability

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审计委员会的特点对 ESG 的影响

鉴于可持续发展目标及其与未来经济格局的联系日益重要，并考虑到审计委员会在财务报告环境中的基本作用，本研究旨在衡量审计委员会的特点对沙特金融市场上市公司年度报告中环境、社会和治理（ESG）实践披露水平的影响。本研究利用彭博社编制的 ESG 指数来衡量公司的披露水平。由于数据的可用性，样本包括 2017 年至 2021 年期间在主要市场上市的 44 家公司。通过多元回归分析，本研究表明审计委员会的独立性、规模和财务专业知识对环境、社会和公司治理实践的披露水平有积极影响。此外，研究结果表明，审计委员会会议次数对环境、社会和公司治理实践的披露水平有负面影响。关键词：会计；财务专业知识；独立性；质量；规模；可持续性

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Scientific Journal of King Faisal University: Humanities and Management Sciences

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