Board characteristics and audit committee diversities: Evidence from Hong Kong

This study is the first to examine relationship between board characteristics and diversity of audit committee members in Hong Kong after Asian financial crisis 2008. Using five dimensions diversities (education level, ethnicities, experience, gender, age), we find — for a sample Hang Seng Composite Index 1,700 firm-year observations 2010 2015 that independence, size, directorships, tenure are important determinants members. In addition, our control variables show state ownership, directors’ political connection, family on also The findings suggest effective encourage diverse education levels, age, gender committees while discouraging experiences ethnicities. Overall, consistent with prior studies, its oversight quality. Our potential interest policymakers, professionals, boards directors, academics.