Board committees enable boards to function effectively, as committees improve the quality of corporate governance by fulfilling specific, assigned tasks. This study aims to explore how board structure, CEO duality and audit quality are associated with board committee structure in the context of an emerging market, namely, Turkey.,The sample consisted of 122 firms listed on the Industrial Index of Borsa Istanbul for the years between 2012 and 2014, inclusive, and this yielded 366 firm-year observations. To test the hypotheses, the panel data analysis method was used, which enabled the elimination of certain problems, such as multicollinearity and estimation bias, as well as specification of the time-variant association between the predictor variables and the output variable.,Board size, board independence and firm size had a positive association with the number and size of board committees, whereas CEO duality had a negative association with the number and size of board committees. Moreover, the appointment of female members on audit and corporate governance committees was more frequent in firms that had a high proportion of women on their boards. Finally, audit quality was positively associated with the existence of risk committee, the overall diversity of board committees and the diversity of corporate governance committees.,The study is not free from limitations. It covers the time span between 2012 and 2014; thus, readers should be cautious about generalizing these results longitudinally, as a different time periods could possibly yield different results. The second limitation concerns the fact that only industrial firms were sampled; thus, these findings may not be valid in other sectors.,The paper shifts the attention of researchers from overall board structure to board committee structure. The results of the study provide insights for policymakers, boards and shareholders. Policymakers can formulate boards and committees by considering these findings. Boards can benefit from the conclusions of this study in shaping their own structure and sub-committee structures. Current and potential shareholders may find the results of the study instructive in making investment decisions.,This study investigates the factors associated with the structure of overall and specific board committees. Additionally, while most prior research on board committees has sampled firms that are domiciled in developed countries, this study examines the subject in an emerging country context, namely Turkey. Moreover, this study adds to the literature by examining the association between audit quality and board committee structure, which has been largely neglected in prior literature.

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是什么推动董事会委员会的结构？来自新兴市场的证据

董事会委员会通过履行特定的任务来提高公司治理的质量，从而使董事会能够有效地运作。这项研究旨在探讨在新兴市场（即土耳其）的背景下，董事会结构，首席执行官的双重性和审计质量如何与董事会委员会结构相关联。该样本由多年来在伊斯坦布尔证券交易所工业指数上上市的122家公司组成在2012年至2014年（含首尾两天）之间，得出了366个公司年的观测值。为了检验假设，使用面板数据分析方法，该方法可以消除某些问题，例如多重共线性和估计偏差，以及指定预测变量与输出变量之间的时变关联。 ，董事会独立性和公司规模与董事会委员会的数量和规模呈正相关，而首席执行官的双重性与董事会委员会的数量和规模呈负相关。此外，在董事会中女性比例较高的公司中，任命审计和公司治理委员会中的女性成员的频率更高。最后，审计质量与风险委员会的存在，董事会委员会的整体多样性和公司治理委员会的多样性呈正相关。本研究并非没有局限性。它涵盖了2012年至2014年之间的时间跨度；因此，读者应谨慎对待纵向总结这些结果，因为不同的时间段可能会产生不同的结果。第二个局限性是仅对工业企业进行抽样这一事实。因此，这些发现可能在其他领域无效。本文将研究人员的注意力从总体董事会结构转移到董事会委员会结构。研究结果为决策者，董事会和股东提供了见识。决策者可以通过考虑这些发现来制定董事会和委员会。董事会可以从本研究的结论中受益，以塑造自己的结构和小组委员会结构。当前和潜在的股东可能会发现该研究结果对制定投资决策具有指导意义。本研究调查了与总体和特定董事会委员会结构相关的因素。另外，尽管大多数先前对董事会委员会的研究都是以在发达国家定居的公司为样本，但这项研究是在新兴国家（即土耳其）中研究这一主题的。此外，本研究通过检查审计质量与董事会委员会结构之间的联系来增加文献资料，而这在现有文献中已被很大程度上忽略。