Journal Press India^®

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This research paper has been undertaken to examine the effectiveness of audit committee attributes on the firm performance of CNX Nifty listed firms in India. A sample of 45 companies covering 7 years data has been selected. Audit committee size, independent directors, women director, frequency of audit committee meeting, director qualification are selected as independent variables. To measure firm performance, ‘return on assets’ and Tobin Q are used. Applying linear regression model, the study revealed that audit committee size exhibits a negative and insignificant relationship with firm performance. Audit committee independence has a positive and significant relationship with firm performance, whereas audit committee meeting, qualification of audit committee director and firm leverage have a negative and significant impact on ‘return on assets’, and Tobin Q. The research concludes with a note that in the Indian context not all the audit committee attributes have a significant impact on firm performance.

Keywords

Audit committee attributes; Return on assets; Tobin Q; Firm performance.

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