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:: Volume 5, Issue 9 (8-2020) ::
2020, 5(9): 335-369 Back to browse issues page
Investigating the Effect of Audit Committee Characteristics on Sustainability Reporting Level
Mostafa Abdi1, Saeid Homayoun2, Mahdi Kazemi Oloum 3
1- Assistant Professor of Accounting, Roozbeh University, Zanjan, Iran(abdi.accounting@yahoo.com)
2- Senior Lecturer in Accounting, Faculty of Education and Business, University of Gavle, Sweden(homayoun@hig.se)
3- Faculty of Economic and Social Sciences, Bu-Ali Sina University, Hamadan, Iran(Corresponding author) , Mkolum1361@gmail.com
Abstract:   (1281 Views)
The purpose of this study is to investigate the effect of audit committee characteristics on the level of sustainability reporting of companies listed on the stock exchange with emphasis on agency theory, legitimacy theory and stakeholder theory. The data collection method is archival and to test the research hypotheses, the data of 152 companies listed on the stock exchange that were collected during the period 2014 to 2018 have been used. For data analysis, regression with a combined data approach was used. The Global Reporting Initiativechr('39')s checklist has been used to measure sustainability reporting. The findings indicate that audit committee characteristics (size, independence, financial expertise and gender diversity of the members) have a positive and significant effect on corporate sustainability reporting level. Evidence suggests that the audit committee is effective as a corporate governance mechanism and control tool in improving the reporting quality in general and sustainability reporting in particular enhance to achieve the stakeholders goals. The findings of this study have important results for compilers of requirements and standards, management of companies and stakeholders. The findings of this study show the importance of disclosure requirements for non-financial information (environmental, governance and social information) for legislators and standardizers. The results of this study improve stakeholder awareness of the importance of corporate social responsibility, corporate governance, and environmental information on credit and investment decisions, and encourage companies to disclose sustainable reporting information in order to play their social role.
Keywords: Audit Committee, Corporate Governance, Stakeholders, Sustainability Reporting, Sustainable Development.
Full-Text [PDF 288 kb]   (287 Downloads)    
Type of Study: Research | Subject: Special
Received: 2020/03/24 | Accepted: 2020/06/20 | Published: 2020/08/22
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Abdi M, Homayoun S, Kazemi Oloum M. Investigating the Effect of Audit Committee Characteristics on Sustainability Reporting Level. Valued and Behavioral Accountings Achievements. 2020; 5 (9) :335-369
URL: http://aapc.khu.ac.ir/article-1-807-en.html


Volume 5, Issue 9 (8-2020) Back to browse issues page
فصلنامه دستاوردهای حسابداری ارزشی و رفتاری Valued and Behavioral Accountings Achievements
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