The Composition of the Risk Management Committee and the Audit Committee that Influence the Performance and Stock Returns of Companies Listed on the Stock Exchange of Thailand
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This article has the purpose of this study was to analyze the composition of the risk management committee and audit committee that influence financial risk disclosure. performance and securities returns of companies listed on the Stock Exchange of Thailand The design of the research was quantitative and qualitative. The sample used in this research method were companies listed on the Stock Exchange of Thailand between 2017 and 2021, There are 317 listed companies. The study used influence analysis using a linear structural equation model (Path Analysis). The results of the research revealed that the composition of the influential risk management committee consisted of 1) The risk management committee has a positive effect on financial risk disclosure, return on equity, and capital gain. 2)The risk management committee’s accounting and financial expertise has a positive effect on Tobin’s Q and dividend yield. 3) The frequency of risk management committee meetings has a negative effect on financial risk disclosure, and found that the composition of the Audit Committee influential. 1) The audit committee has a positive effect on capital gains 2) Audit committee accounting and financial expertise have a positive effect on Tobin’s Q 3) Audit committee independence has a positive effect on Tobin’s Q and 4) The frequency of audit committee meeting has a positive effect on the return on equity.
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