Corporate Governance and Firm’s Profitability: An Emerging Economy-based Investigation
| Autor: | Mohammad Rajon Meah, Nasir Uddin Chaudhory |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
050208 finance
Financial economics Strategy and Management Corporate governance 0502 economics and business 05 social sciences Economics Business Management and Accounting (miscellaneous) Duality (optimization) 050211 marketing Profitability index Business and International Management Emerging markets |
| Zdroj: | Indian Journal of Corporate Governance. 12:71-93 |
| ISSN: | 2454-2482 0974-6862 |
| DOI: | 10.1177/0974686219836544 |
| Popis: | This article aims to investigate the impact of corporate governance through board size, female directors, family duality and director ownership on firm’s profitability in Bangladesh. It’s a quantitative study on 110 manufacturing firms listed in Dhaka Stock Exchange. Multivariate pooled Ordinary Least Square (OLS) regressions are applied on 512 sample-year observations from the year 2013 to 2017 to test the hypotheses in the study. On one side, the results reveal that larger board size and female directors on board are positively associated with firm’s profitability, which in turns helps to enhance firm’s profitability. On the other side, it is also found in the results that percentage of shares held by the directors and family duality are negatively related to firm’s profitability and thus reduces firm performance. The outcomes of this study advocate the policymakers to formulate a policy by addressing the percentage of shares held by the directors to be kept at a certain level. |
| Databáze: | OpenAIRE |
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