The Composition of the Audit Committee that Effects on Stock Return
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Abstract
The objective of this study is to analyze the composition of the audit committee that influences the stock returns of listed companies on the Stock Exchange of Thailand. The sample group used in the study was 317 companies for a period of 5 years between 2017 - 2021 by using Path Analysis found that audit committee accounting and financial expertise and audit committee positively influenced Tobin's Q and capital gains yield. The study found empirical data that the firm value of listed companies on the Stock Exchange of Thailand is greatly affected by the composition of the audit committee. The results of empirical studies on audit committee composition should be given priority to audit committee accounting and financial expertise, audit committee to increase operational efficiency. The study concluded that there was a statistically significant direct influence on audit committee composition, audit committee accounting and financial expertise had a positive direct influence on performance measured by Tobin's Q, audit committee had positive direct influence on capital gain and operating performance as measured by Tobin's Q has a positive direct influence on capital gains yield.
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