scholarly journals The Impact of Corporate Governance Practices on Corporate Financial Performance in Ethiopia

2019 ◽  
Vol 07 (01) ◽  
Author(s):  
Biruk Ayalew Wondem ◽  
Gurdip Singh Batra
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Corporate Financial Performance ◽  
Governance Practices ◽  
The Impact

scholarly journals The financial impacts of board mechanisms on performance: The case of listed Moroccan banks

2021 ◽  
Vol 3 (2) ◽  
pp. 93-113
Author(s):  
Issam El Idrissi ◽  
◽  
Youssef Alami ◽  
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Fixed Effects ◽  
Audit Committee ◽  
Negative Impact ◽  
Governance Mechanisms ◽  
Return On Equity ◽  
Corporate Governance Mechanisms ◽  
Governance Practices ◽  
The Impact

Abstract Purpose: The present study examines the impact of corporate governance mechanisms on listed Moroccan banks' financial performance. Research methodology: This study investigates the relationship between listed banks' governance mechanisms and financial performance in the CSE for six years between 2014-2019. This study employs three performance measures, return on assets, return on equity, and Tobin's Q, to determine bank performance. This research uses the GMM EGLS approach to analyze data. In the first phase of this empirical research, we did use OLS, Fixed Effects, and Radom Effects regressions to show their inefficiency. Results: Our results portray that most board mechanisms have a negative impact on financial performance. In comparison, the audit committee and nomination & remuneration committee have a positive effect on financial performance. Limitations: Many qualitative and quantitative factors could influence financial performance and not only the used variables in this paper. Contribution: This research shows that the dynamic connection between corporate governance and financial performance is robust in the Moroccan banking context. Also, our study has important implications for establishing good corporate governance practices in emerging economies.

scholarly journals THE IMPACT OF CORPORATE GOVERNANCE ON FINANCIAL PERFORMANCE OF LEBANESE BANKS

2021 ◽  
pp. 70-85
Author(s):  
Bilal Jibai
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Direct Relationship ◽  
Annual Reports ◽  
Quantitative Methodology ◽  
Substantial Evidence ◽  
New Knowledge ◽  
Governance Practices ◽  
The Impact ◽  
Governance Disclosure

The aim of this research is to study the impact of corporate governance disclosure on the financial performance of Lebanese banks. The impacts of corporate governance consequences on financial performance are the problem being faced by many firms. This research applies a quantitative methodology to the data from 29 banks’ annual reports for the year 2018. This data was analyzed using regression analysis means. This empirical study intends to find substantial evidence which would help acquire new knowledge and better understanding of how virtuous corporate governance practices and disclosures may help improve banks’ performance. In particular, validation of our research hypotheses may help with assessing the importance of corporate governance disclosure for the financial performance of Lebanese banks. The research proves there is a direct relationship between diversity on board and financial performance, as well as, between frequency of Board meetings and financial performance.  

scholarly journals CORPORATE GOVERNANCE: THE GATEWAY TO A ROBUST CORPORATE FINANCIAL PERFORMANCE IN MALAYSIA

2020 ◽  
Vol 8 (7) ◽  
pp. 91-98
Author(s):  
Khairi Aseh ◽  
Kamal Kenny ◽  
Ravindran Pathmanathan
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Global Financial Crisis ◽  
Descriptive Analysis ◽  
Corporate Financial Performance ◽  
Board Committees ◽  
Corporate Scandals ◽  
The Global Financial Crisis ◽  
The Impact ◽  
The Relationship

In recent years, with corporate scandals and the global financial crisis, the emerging concept of corporate governance has received increasing attention in the corporate world in these days. It is seen as a moral obligation and includes supporting the consistency of the law and showing ethical guidance. Corporate governance is seen as an important tool for the financial performance of companies, and investor investment decisions have become a more serious topic, so the relationship between corporate governance tools and measurement of financial performance has attracted researchers' interest in the past decade mainly in developed and developing cities. In this study, we attempted to examine the impact of corporate governance on corporate financial performance in Kuala Lumpur using a sample of 215 companies on KLSE. Like previous research, firm, age, firm size, board size, CEO duality, board composition, board committees is the independent variables and their influence is to measure the financial ROA, ROE and Tobin's q , all kinds of test is used to investigate the relationship such as descriptive analysis, Pearson moment related test and regression using first data over a period of time.

scholarly journals The Impact of Bank-Specific Attributes on Web- Based Disclosure Practices of Global Banks

2020 ◽  
Vol 19 (1) ◽  
Author(s):  
Manpreet Kaur ◽  
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Firm Value ◽  
Descriptive Analysis ◽  
Mean Value ◽  
Web Based ◽  
Governance Practices ◽  
Informational Environment ◽  
The Impact ◽  
Global Banks

This paper examines the extent of web disclosure practices of the top thirty global banks. The paper also investigates the impact of bank-specific characteristics such as bank size, financial performance and corporate governance on web disclosure practices. To analyse the extent of web disclosure practices, a disclosure index of 101 items of information was formulated. To check the hypotheses of the study, an OLS regression framework was estimated on a sample of the top thirty global banks. Descriptive analysis indicates that global banks’ web disclosure is at an acceptable level as the mean value was 73. The results show that large sized banks and banks that follow good corporate governance practices extensively use their websites to disclose information. On the contrary, financial performance negatively affects the extent of web-based disclosure in a global context. The study contributes to the existing literature of webbased disclosure and the findings are useful for managers and investors. For managers it helps to meet the actual and potential informational needs of investors and for investors it helps in the decision to invest in a richer informational environment and better-assessed firm value. KEYWORDS: Web-based disclosure; global banks

scholarly journals The Moderating Role of Corporate Governance on the Relationship between Capital Structure and Financial Performance

2017 ◽  
Vol 6 (1) ◽  
pp. 89-105
Author(s):  
Muhammad Iqbal ◽  
Faisal Javed
Keyword(s):  
Corporate Governance ◽  
Capital Structure ◽  
Financial Performance ◽  
Optimal Level ◽  
Equity Capital ◽  
Board Structure ◽  
Governance Mechanism ◽  
Governance Practices ◽  
The Impact ◽  
The Relationship

The key purpose of this research paper is to explore the moderating effect of Corporate Governance on the relationship between accounting base financial performance i.e. ROA, and ROE and Capital Structure of 173 Manufacturing firms listed in KSE of Pakistan for the period of 2009 to 2014. In this study multiple regression method is used under fixed effect regression model approach on panel data. The empirical results show that the inclusion of Corporate Governance Index (CGI) as moderating variable has influenced the interaction between Capital Structure and Financial Performance which was positively significant. The result is generally found that the most of Pakistani manufacturing listed firms pursue good corporate governance mechanism and use good and optimal level of Capital Mix to get the better and high financial performance. Furthermore, the corporate governance sub-indices i.e. board structure (BOD-I) and transparency & disclosure (DISC-III) both also have positive and statistically significant association with both firms performance variables: ROA and ROE. Moreover, the ownership structure sub-index (OWS-II) has not significant influence on financial performance. In last, the capital structure also has positive relationship with financial performance, interestingly about 70 per cent of Capital is financed by Equity capital and the Debt capital signifies 30 per cent only. The core significance of this paper is to investigate the impact of Corporate Governance practices on financial decisions from the Pakistani perspective.

scholarly journals The Effect of Corporate Financial Performance on Market Value Moderated by Sustainable Development and Good Corporate Governance

Webology ◽  
2021 ◽  
Vol 19 (1) ◽  
pp. 51-69
Author(s):  
Aimen Ali R Mjahid ◽  
Eko Ganis Sukoharsono ◽  
Djumillah Hadiwidjojo ◽  
Arm anu
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Market Value ◽  
Corporate Financial Performance ◽  
London Stock Exchange ◽  
Good Corporate Governance ◽  
Equitable Treatment ◽  
The Impact

This research aims to analyze the impact of corporate financial performance on the market value moderated by good corporate governance and sustainability development in Great Britain companies listed in London stock exchange. This research tests the causal relationships among variables including corporate financial performance; market value moderated by good corporate governance and sustainable development in UK companies listed in London stock exchange. Findings of this research are (1) Profit is reflection of the success in implementing the activities and operations of the company. (2) The result presented the current practice of good corporate governance in London stock exchange, showed that most of the companies concerning the implementation of good corporate governance principles, which include: rights of shareholders, equitable treatment of shareholders, role of stakeholders in corporate governance. Originality of this research is the Impact of CFP on firm market value has been documented in literature. Ideally, CFP on market value should be correlated, but studies on CFP and market value have yielded mixed results positive, negative and neutral impact. This research can benefit to the companies with their existing policy modifications as per requirements in the present of United Kingdom financial environment.

Ownership structure and financial performance in European football

2017 ◽  
Vol 17 (3) ◽  
pp. 511-523 ◽  
Author(s):  
Isabel Acero ◽  
Raúl Serrano ◽  
Panagiotis Dimitropoulos
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Ownership Structure ◽  
Boards Of Directors ◽  
Good Practice ◽  
Content Type ◽  
Football Clubs ◽  
Governance Practices ◽  
European Football ◽  
The Impact

Purpose This paper aims to analyse the relationship between ownership structure and financial performance in the five major European football leagues from 2007-2008 to 2012-2013 and examine the impact of the financial fair play (FFP) regulation. Design/methodology/approach The sample used comprises 94 teams that participated in the major European competitions: German Bundesliga, Ligue 1 of France, Spanish Liga, English Premier League and the Italian Serie A. The estimation technique used is panel-corrected standard errors. Findings The results confirm an inverted U-shaped curve relationship between ownership structure and financial performance as a consequence of both monitoring and expropriation effects. Moreover, the results show that after FFP regulation, the monitoring effect disappears and only the expropriation effect remains. Research limitations/implications The lack of transparency of the information provided by some teams has limited the sample size. Practical implications One of the main issues that the various regulating bodies of the industry should address is the introduction of a code of good practice, not only for aspects related to the transparency of financial information but also to require greater transparency in the information concerning corporate governance. Social implications Regulating bodies could also consider other additional control instruments based on corporate governance, such as for example, corporate governance practices, corporate governance codes, greater transparency, control of the boards of directors, etc. Originality/value This study tries to provide direct evidence of the impact of large majority investors in the clubs and FFP regulation on the financial performance of football clubs.

The Outcomes of Corporate Governance to Financial Performance: Empirical Evidence from a Developing Country

2020 ◽  
Vol 8 (11) ◽  
pp. 87-93
Author(s):  
Khairi Aseh ◽  
P. Ravindran Pathmanathan
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Positive Impact ◽  
Corporate Financial Performance ◽  
Kuala Lumpur ◽  
Board Committees ◽  
Corporate World ◽  
Dependent Variables ◽  
Value Measurement ◽  
The Impact

Corporate governance has received increasing attention in the corporate world in these days. It is seen as a moral obligation and includes supporting the consistency of the law and showing ethical guidance. In this study, we attempted to examine the impact of corporate governance on corporate financial performance in Kuala Lumpur using a sample of 215 companies.Corporate governance variables have been shown to have a significant impact on corporate financial performance and market value measurement in general. The makeup of the board had a major positive impact on the ROA assessment variables, respectively. In addition, the CEO duality was positively correlated with all dependent variables, and the number of board committees was found to be negatively correlated with all measured variables, only significantly correlated with ROA. KEYWORDS: Corporate governance, financial performance, Kuala Lumpur

scholarly journals Corporate governance in India

2014 ◽  
Vol 12 (1) ◽  
pp. 287-297 ◽  
Author(s):  
Arunima Haldar ◽  
S.V.D. Nageswara Rao
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Strong Association ◽  
Market Performance ◽  
Simultaneous Equation ◽  
Equation Modeling ◽  
Firm Characteristics ◽  
Governance Mechanisms ◽  
Governance Practices ◽  
The Impact

This paper examines the impact of Corporate Governance (CG) on Financial Performance considering the endogeneity between Corporate Governance and Firm Characteristics using a sample of large listed Indian firms over the period 2008 to 2011. We construct a "CG Index" using six important governance mechanisms covering a total of 44 parameters affecting the state of governance of Indian companies. The analysis of Corporate Governance Index for a period of four years found a rising trend in the level of the corporate governance practices of Indian companies. We then examine the relation of CG Index on firm characteristics using simultaneous equation modeling. Results show that there is a strong association between CG Index and the market performance of companies

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