{"title":"The Impact of Audit Committee Quality on Best Practices of Whistleblowing: Evidence From Brazilian Companies","authors":"Lucas Martins Dias Maragno, Jose Alonso Borba","doi":"10.1080/10978526.2023.2240253","DOIUrl":null,"url":null,"abstract":"Abstract This study examines the influence of audit committee quality on best practices in whistleblowing channels in Brazilian companies. Using a tobit regression analysis on a unique hand-collected sample from 397 B3-listed firms, the study finds a positive association between audit committee quality and best practices in whistleblowing. This finding indicates an effort on the part of audit committees to implement a set of practices to encourage and protect whistleblowers. In contrast, we find a negative association with firms in the financial industry and the percentage of ownership attributable to the largest shareholder. These findings indicate that firms in the financial industry and ownership concentration could discourage whistleblowers.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Latin American Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10978526.2023.2240253","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract This study examines the influence of audit committee quality on best practices in whistleblowing channels in Brazilian companies. Using a tobit regression analysis on a unique hand-collected sample from 397 B3-listed firms, the study finds a positive association between audit committee quality and best practices in whistleblowing. This finding indicates an effort on the part of audit committees to implement a set of practices to encourage and protect whistleblowers. In contrast, we find a negative association with firms in the financial industry and the percentage of ownership attributable to the largest shareholder. These findings indicate that firms in the financial industry and ownership concentration could discourage whistleblowers.
期刊介绍：
Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.
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