Audit Committee Characteristics on Family Firms Performance in Indonesia

This study addresses the relationship between audit committee characteristics and family firm’s performance in
\r\nIndonesia. The samples use 122 family-controlled companies which are listed in Indonesia Stock Exchange
\r\nfrom 2010 to 2014. The findings reveal that audit committee size has a positive relationship with firm
\r\nperformance. The larger audit committee can help companies to monitor and ensure the transparency of
\r\nfinancial report. Hence, the investors will feel safe when they invest their fund in the company. However, the
\r\naudit committee independent has a negative relationship with firm performance. While, debt helps to overcome
\r\nthe financial problems when shareholders need to expand their business