IMPACT OF AUDIT CLIENT ATTRIBUTES ON FIRM PERFORMANCE
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Abstract
This study investigated the effect of audit client attributes on firm performance using panel data of twelve banks for the period 2015 – 2022. The variables considered were firm performance proxied by return on assets, firm size, firm age, firm leverage, and board size.The study carried out a histogram normality test, Breusch-Pagan-Godfrey test of heteroskedasticity, Ramsey RESET model specification test, Serial correlation test, correlation analysis and regression analysis. The F-statistics indicated that all the
explanatory variables taken together are statistically significant. The regression result revealed that board size and firm age have a negative and insignificant influence on firm performance. The firm leverage maintains a positive and significant relationship with firm performance firms considered. The study recommended that firm managers should focus on optimizing firm leverage to improve their firm performance and the firm should ensure that the board size is well regulated.
explanatory variables taken together are statistically significant. The regression result revealed that board size and firm age have a negative and insignificant influence on firm performance. The firm leverage maintains a positive and significant relationship with firm performance firms considered. The study recommended that firm managers should focus on optimizing firm leverage to improve their firm performance and the firm should ensure that the board size is well regulated.
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