Aim of this research is to find whether there exists an impact of audit committee characteristics on the intellectual capital of banks in the developing country Pakistan. In this study the independent variable audit committee characteristics contain three components that are independence, size, and meetings while the dependent variable is efficiency of intellectual capital which is measured using modified value-added intellectual coefficient (MVAIC) approach and the control variables utilized in the paper are bank specific. The sample contains 28 banks and total number of observations are 308 which contains data for time period 2010 to 2020. Audit committee helps in improving internal control by overseeing management decisions ultimately resulting in enhancing an institutions overall efficiency. The findings of the paper disclosed that there is a significantly positive influence of audit committee characteristics on intellectual capital efficiency of banks. The outcomes deduced from the research could provide further insights on the association between components of audit committee and intellectual capital efficiency which will be of significance for managers in making decisions regarding AC composition in order to increase IC in developing nations.
The purpose of this research was to address this vacuum in the literature by examining the moderating effect of management competence on business performance and managerial efficiency. The aim of this research is to examine whether the level of managerial skill in a company affects the correlation between the willingness to take risks and the company's financial success. Method: a sample of 100 businesses listed on the KSE 100 Index in Pakistan from 2014-2020 have been considered to examine the influence of managerial skill in light of the fact that risk management is essential to improving company performance. Stata was used to do data envelopment analysis, and then the findings were analysed using random effect panel regression to determine a company's efficiency. The results indicate that there is a positive correlation between managers' risk-taking abilities and the success of their companies, as those with greater abilities are better equipped to exploit opportunities while keeping their organizations' risks to a minimum. This study fills in a lot of blanks in the literature by explaining how a company may be affected by the skills of its managers. Furthermore, this research tackles the existing inconsistent literature and bridges the previous literature gap between risk-taking behaviour and firm performance by including management competence as a component in developing successful risk mitigation plan.
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