QQR22 45- Corporate governance theorizing, board of directors, audit committee ..

title : Corporate governance theorizing, board of directors, audit committee effectiveness and financial performance: a literature review and proposed conceptual framework
Nasredine Fathelkhir, Said Karam, Othman Gaga
"Over recent years, there has been an increasing interest in research dealing with corporate governance. Our research paper is designed to explain and underpin the theoretical framework and the existing literature on two lines of research, corporate governance and organizational performance, aiming to elucidate how internal and external corporate governance mechanisms can be determinants to firm performance. A survey of the literature was conducted to demystify the mainstream theories and the different academic publications.
The main purpose of our contribution is to enable an updated state of the art related to the empirical evidence, by illuminating the monitoring capacity of the board of directors’ attributes and the effectiveness of the audit committee on constraining opportunistic behaviors. Different articles have scrutinized the relationship between the board of directors, specialized committees, and firm performance. Thus, few studies have been able to endeavor the variable “audit quality” role. Moreover, its impact on firm performance is still missing. This study seeks to reconcile this literature gap and attempts to develop a comprehensive investigation that auditors can serve as a crucial corporate governance mechanism, by ensuring the quality of accounting information and mitigating agency problems.
Keywords: Corporate governance, Board characteristics, Audit quality, Literature review"