2. 2. Variables Analyzed
Ultimately, 58 studies were included in the meta-analysis. Table 2 registered these researches
and as well supplied diverse information about the dependent and independent variables, and
data years and countries for sample firms employed. Many of these comprised researches
measure the same variable in various manners; Such as audit committee independence can be
measured by its membership that is made of 100 percent outsiders or although in the majority
of researches the percentage of independent directors is higher than 50 per cent, it does not