Corporate Governance in Bangladesh: Evidence of Compliance

This study investigates companies’ level of compliance with the Code of Corporate Governance for Bangladesh. Using a quantitative approach, it aims to understand the extent a regulatory provision can enhance the governance scenario of a company. It employed a survey methodology, with a questionnaire being sent to all 229 companies listed on the Dhaka Stock Exchange. The results of the multivariate analysis suggest that age, size, industry and type of company have a statistically positive correlation with the level of compliance with the Code provisions. The findings of the study indicate that listed companies are, on average, moderately compliant with the Code, and compliance is comparatively higher with the Code provisions that coincide with other regulatory provisions. The major theoretical contribution of this study is with its empirical evidence of the code compliance literature from a developing country perspective. Moreover the findings can be used as a guide to help develop policies for better implementation of good governance standards; the identification of areas of non-compliance are expected to help code formulators, regulators and also companies to understand why and where companies are falling behind in compliance with the Code.

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Relationship between Code of Corporate Governance and Corporate Financial Performance (An Empirical Study of Food Companies Listed on KSE)

GIS Business ◽

10.26643/gis.v12i4.3349 ◽

2017 ◽

Vol 12 (4) ◽

pp. 01-09

Author(s):

Asma Rafique Chughtai ◽

Afifa Naseer ◽

Asma Hassan

Keyword(s):

Corporate Governance ◽

Stock Exchange ◽

Securities And Exchange Commission ◽

Executive Directors ◽

Agency Conflicts ◽

Cross Sectional ◽

Return On Equity ◽

Governance Practices ◽

Code Of Corporate Governance ◽

The Impact

The crucial role that implementation of Code of Corporate Governance plays on protecting the rights of minorities, shareholders, local as well as foreign investors cannot be denied. Companies all over the world are required to implement their respective Code of Corporate Governance for avoiding agency conflicts between companies management and stakeholders and for assuring transparency in accountability. This paper aims at exploring the impact of implementation of corporate governance practices (designed by Securities and Exchange Commission of Pakistan) have on the financial position of companies. For explanatory variables of the study, composition of the board as per the Code of Corporate Governance that comprises of presence of independent, executive and non-executive directors has been taken into consideration. Return on equity has been taken as an indicator of firms profitability i.e. the dependent variable. For this study, companies listed on food producing sector of Karachi Stock Exchange have been screened for excogitation of the relationship. It is an empirical research based on nine years data from 2007–2015. Using Hausman Test for selecting the data analysis technique between Fixed or Random, Fixed Cross Sectional Panel Analysis has been used for analysis of the data collected. Findings indicate that presence of independent, executive and non-executive directors as per the code requirements levies a significant impact on the profitability of companies indicated by return on equity. It is, thus concluded that companies should ensure compliance with code of governance practices to reduce not only the agency issues but also to increase their profitability.

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CORPORATE GOVERNANCE AND BUSINESS PERFORMANCE: EVIDENCE FOR THE ROMANIAN ECONOMY

Journal of Business Economics and Management ◽

10.3846/16111699.2013.834841 ◽

2015 ◽

Vol 17 (3) ◽

pp. 458-474 ◽

Cited By ~ 16

Author(s):

Monica-Violeta ACHIM ◽

Sorin-Nicolae BORLEA ◽

Codruţa MARE

Keyword(s):

Corporate Governance ◽

Business Performance ◽

Stock Exchange ◽

Policy Makers ◽

Governance Practices ◽

Corporate Governance Practice ◽

Corporate Governance Quality ◽

The Impact ◽

A Company

Our finding contributes towards the understanding of movements regarding the adoption of corporate governance practice in emerging countries such as Romania and its impact on business performances of a company. We have developed two econometric models to assess the business performances of the companies listed on Bucharest Stock Exchange, in order to point out the impact of corporate governance on business performances. Our results are inconsistent for the period 2001–2011, but if we consider only 2011, the results document a positive correlation between corporate governance quality and market value of companies, such it is reflected by Tobin’s Q. Therefore, our results contribute to the studies relating corporate governance and business performances, as it confirms a positive relationship between the two variables which appears once the Romanian emerging economy has began to adopt the best corporate governance practices. Firstly, our research has important implications for managers in order to know that the adoption of the best corporate governance practices could contribute to the financial success of the firm. Secondly, the results are useful for any investor who needs to consider the quality of corporate governance as a good predictor for the best rate of return of theirs investments. Moreover, our findings have also implications on policy-makers and regulatory authorities in European developing countries and offer them a barometer of adopting the best corporate governance practices in European space.

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PENGARUH TATA KELOLA PERUSAHAAN TERHADAP PREDIKTABILITAS LABA BANK UMUM KONVENSIONAL DI INDONESIA SELAMA PANDEMI COVID 19 DENGAN GENDER SEBAGAI VARIABEL MODERATING

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v14i2.2698 ◽

2021 ◽

Vol 14 (2) ◽

Author(s):

Sri Rahayu ◽

Ken Sabardiman ◽

Afrizal Afrizal

Keyword(s):

Corporate Governance ◽

Sexual Orientation ◽

Good Governance ◽

Stock Exchange ◽

Total Sample ◽

Governance Mechanism ◽

Purposive Sampling ◽

Conventional Banks ◽

Relationship Of

<pre>ABSTRACT: This study expects to dissect and acquire observational proof of the concussion of corporate administration on benefit consistency at conventional banking company in Indonesia during the Covid 19 pandemic and the concussion of sexual orientation (gender) on the causality connection between corporate administration and benefit consistency. Corporate administration is advanced by the piece of the leading group of chiefs, the amount of the leading body of magistrates, institutional possession, administrative proprietorship and review panels, while sex is the rasio of ladies on the leading body of organizations. Conventional commercial banks that recorded in Indonesia Stock Exchange are 43 banks, comprise of this investigation populace. Total sampletos are 33 conventional banks with purposive sampling as a sampling method. Moderated Regression Analysis is utilized as information investigation procedure. The outcomes acquired in this study showed that the amount of the leading body of magistrates, institutional possession, administrative proprietorship demonstrated to altogether influence benefit consistency. Sexual orientation (gender) altogether supports the concussion of administrative possession on benefit consistency. This research shows that it is compulsory to implement a good governance mechanism, the problems that will occur can be recognized early by the bank and the follow-up is done more quickly, in order that the bank can survive in a state of crisis. Affirmation of the concussion and role of ladies on the council can influence the causal relationship of corporate governance on earnings predictability.</pre><pre> </pre><pre> </pre>Keywords : Corporate Governance, Gender, Profit PredictabilityABSTRAK: Penelitian ini bertujuan untuk menganalisis dan mendapatkan bukti empiris pengaruh tata kelola perusahaan terhadap prediktabilitas laba bank umum konvensional di Indonesia selama masa pandemi Covid 19 dan pengaruh gender terhadap hubungan kausalitas antara tata kelola perusahaan dan prediktabilitas laba. Tata kelola diproksikan dengan komposisi dewan komisaris, size dewan komisaris, kepemilikan institusional, kepemilikan manajerial dan komite audit, sedangkan gender merupakan rasio perempuan dalam dewan eksekutif perusahaan. Seluruh bank umum konvensional yang tertera di Bursa Effek Indonesia berjumlah 43 bank dan merupakan populasi dalam riset ini. Sampel diperoleh sebanyak 33 bank dengan metode pengambilan sampel menggunakan purposive sampling. Analisis Regresi Moderasi digunakan sebagai teknik analisis data. Hasil yang diperoleh dalam penelitian ini yaitu bahwa ukuran dewan komisaris, kepemilikan institusional, kepemilikan manajerial terbukti berpengaruh terhadap prediktabilitas laba. Gender secara signifikan memperkuat pengaruh kepemilikan manajerial terhadap prediktabilitas laba. Penelitian ini menunjukkan bahwa perlunya penerapan mekanisme tata kelola yang baik, permasalahan yang akan terjadi dapat dikenali lebih awal oleh bank dan dilakukan tindak lanjut penyempurnaan yang lebih cepat, sehingga bank dapat bertahan dalam keadaan krisis. Penegasan dampak dan peran perempuan di dalam dewan dapat mempengaruhi hubungan kausalitas tata kelola perusahaan terhadap prediktabilitas laba.Kata kunci : Tata Kelola Perusahaan, Gender, Prediktabilitas Laba

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Good corporate governance dan Ukuran Perusahaan Sebagai Stimulus Di Lakukannya Tax Management

JURNAL PUNDI ◽

10.31575/jp.v2i2.74 ◽

2018 ◽

Vol 2 (2) ◽

Author(s):

Yunita Valentina Kusufiyah

Keyword(s):

Corporate Governance ◽

Regression Analysis ◽

Audit Committee ◽

Good Governance ◽

Stock Exchange ◽

Linear Regression Analysis ◽

State Revenue ◽

Good Corporate Governance ◽

Tax Management ◽

Negative Effect

The largest state revenue comes from tax revenues. This is evident from the data of the Central Bureau of Statistics in 2016 as much as 86.16% of state revenue derived from tax revenue. For the company, the tax is a expenses that must be paid so needed a strategy in doing the efficiency of the tax expenses (the tax savings). One such strategy is tax management. To perform a good tax management then it takes the implementation of good governance in a company. Another variable that becomes the stimulus of Tax Management is the size of the company. This study examines Good corporate governance and Corporate Size as Stimulus in Tax Management. The research was conducted at a banking company listed on the Indonesia Stock Exchange. Research methodology used in this research is regression analysis that is linear regression analysis. The findings in this study are institutional ownership, the proportion of independent board of commissioners has a positive and significant influence on tax management while the audit committee has no influence on tax management. Company size has a significant negative effect on tax management Keywords : Good Corporate Governance, size, Tax Managemet

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PENGARUH PENERAPAN GOOD CORPORATE GOVERNANCE TERHADAP STRUKTUR MODAL PERUSAHAAN GO PUBLIC YANG TERCATAT DI BURSA EFEK INDONESIA

El Muhasaba Jurnal Akuntansi ◽

10.18860/em.v4i1.2330 ◽

2013 ◽

Vol 4 (1) ◽

Author(s):

ERIKA SEPTIANTY

Keyword(s):

Corporate Governance ◽

Capital Structure ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Executive Directors ◽

Control Variables ◽

Good Corporate Governance ◽

Equity Ratio ◽

A Company

Good Corporate Governance (GCG) is increasingly popular. but has a very important meaning in the system of corporate governance and managerial aspects, and investing in a good organization profit organization and this research uses its capital structure as measured by the debt-equity ratio as the dependent variable, while institutional ownership and managerial ownership as well as company size and profitability as the independent variable and three control variables. Control variables are variables that are controlled or held constant so that the effect o outside factors. Control variables used in the study include the Board of Directors, non-executive directors, and chair duality. Research is underway to find empirical evidence of the influence of the implementation of Good Corporate governanve the company's capital structure. The population used in this study is a company listed on the Indonesia Stock Exchange, while the sample is a company in the implementation of corporate governance ranking by IICG during the period 2005-2011. From the results of testing the hypothesis, suggesting that the effect of corporate governance is proxied by managerial ownership, institutional ownership and firm size has no influence not have any impact on capital structure. The research proves that the variables have an influence on the profitability of capital structure. In general, the results of this study indicate that companies listed on the Stock Exchange has not fully considering the use of corporate governance in determining capital structure. Keyword: Managerial Ownership, Institutional Ownership, Profitability, Firm Size, Good Corporate Governance, Capital Structure. ABSTRAK Good Corporate Governance (GCG) semakin populer. namun mempunyai arti yang sangat penting dalam sistem tata kelola perusahaan maupun dalam aspek manajerial dan investasi dalam suatu organisasi baik organisasi laba dan nonlaba.Penelitian ini menggunakan struktur modal yang diukur dengan debt-equity ratio sebagai variabel dependen, sedangkan kepemilikan institusional dan kepemilikan manajerial, serta ukuran perusahaan dan profitabilitas sebagai variabel independen dan tiga variabel kontrol. Variabel kontrol merupakan variabel yang dikendalikan atau dibuat konstan sehingga pengaruh variabel independen terhadap variabel dependen tidak dipengaruhi oleh faktor luar yang tidak diteliti. Variabel kontrol yang digunakan dalam penelitian antara lain Dewan Direksi, non-executive directors, dan chair duality. Penelitian ini dilakukan untuk menemukan bukti empris adanya pengaruh penerapan Good Corporate governanve terhadap struktur modal perusahaan. Populasi yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar di Bursa Efek Indonesia, sedangkan sampel adalah perusahaan yang masuk dalam pemeringkatan penerapan corporate governance yang dilakukan oleh IICG selama periode 2005-2011. Dari hasil pengujian hipotesis, menunjukkan bahwa pengaruh corporate governance yang diproksikan oleh kepemilikan manajerial, kepemilikan institusional dan ukuran perusahaan tidak mempunyai pengaruh terhadap struktur modal. Hasil penelitian membuktikan bahwa variabel profitabilitas mempunyai pengaruh terhadap struktur modal.Secara umum hasil penelitian ini menunjukkan bahwa perusahaan yang terdaftar di BEI belum sepenuhnya memperhatikan penggunaan corporate governance dalam menentukan kebijakan struktur modalnya, kata kunci: good corporate governanve, kepemilikan manajerial, kepemilikan institusional, profitabilitas, ukuran perusahaan, struktur modal

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Corporate municipal governance for effective and efficient public service delivery in South Africa

Journal of Governance and Regulation ◽

10.22495/jgr_v3_i4_c1_p2 ◽

2014 ◽

Vol 3 (4) ◽

pp. 98-106 ◽

Cited By ~ 4

Author(s):

Paulin Mbecke

Keyword(s):

South Africa ◽

Corporate Governance ◽

Service Delivery ◽

Local Governments ◽

Good Governance ◽

Governance System ◽

Municipal Governance ◽

Governance Systems ◽

Set Up ◽

Code Of Corporate Governance

This research acknowledges the current service delivery chaos manifested through numerous protests justifying the weakness of the “Batho Pele” good governance principles to facilitate, improve and sustain service delivery by local governments. The success of corporate governance in corporate companies and state owned enterprises is recognised prompting suggestions that local governments should too adopt corporate governance principles or King III to be effective. The research reviews the King III and literature to ascertain the lack of research on corporate governance in local governments in South Africa. Considering the particular set-up of local governments, the research doubts the successful application of King III in local governments. Through critical research theory, the current service delivery crisis in local governments in South Africa is described. The success of corporate governance systems in the United Kingdom and Australian local governments justify the need for a separate corporate municipal governance system as a solution to the crisis. A specific change of legislation and corporate governance guidelines is necessary to address the uniqueness of local governments. Hence, corporate municipal governance should be compulsory and based on ten standardised good governance principles via a code of corporate governance and a corporate governance framework responding to specific prerequisites for success

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The effect of profitability in income smoothing practice with good corporate governance and dividend of payout ratio as a moderation variable

International Research Journal of Management IT and Social Sciences ◽

10.21744/irjmis.v6n2.601 ◽

2019 ◽

Vol 6 (2) ◽

pp. 12-21 ◽

Cited By ~ 1

Author(s):

Ni Made Yeni Witaris Asmita Yanti ◽

A.A.N.B. Dwirandra

Keyword(s):

Corporate Governance ◽

Stock Exchange ◽

Sample Selection ◽

Income Smoothing ◽

Management Effectiveness ◽

Dividend Payout ◽

Good Corporate Governance ◽

Analysis Technique ◽

Ratio Variables ◽

A Company

One of the factors that influence income smoothing is profitability. Profitability is the ability of a company to earn profits or profits in a certain period and as a measure of the management effectiveness of a company. The variables of good corporate governance and dividend payout ratio are thought to play a role in moderating the effect of profitability on the probability of the occurrence of income smoothing practices. The sample selection method in this study used a purposive sampling method with the criteria of all companies listed on the Stock Exchange which were included in the CGPI ranking from 2012-2016 and companies that distributed dividends from 2012-2016. The sample in this study were 7 companies with 5 years of observation. The variable income smoothing practice is measured using the eckel index. The variable profitability is measured using the ROA (Return On Asset) ratio. Variables of good corporate governance are measured using the CGPI score. Dividend payout ratio variables are measured using the dividend per share formula divided by earnings per share. The analysis technique used is logistical binary regression and Moderated Regression Analysis (MRA).

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Analisis Faktor yang Mempengaruhi Kredibilitas Kinerja Perusahaan

E-Jurnal Akuntansi ◽

10.24843/eja.2019.v28.i03.p11 ◽

2019 ◽

Vol 28 (3) ◽

pp. 1801

Author(s):

Zaini Danu Brata ◽

Maria M. Ratna Sari

Keyword(s):

Corporate Governance ◽

Ownership Structure ◽

Stock Exchange ◽

Sample Selection ◽

Company Size ◽

Company Performance ◽

Good Corporate Governance ◽

Research Population ◽

A Company ◽

Positive Effect

The purpose of this study is to determine the effect of the application of Good Corporate Governance, Ownership Structure, and Company Size on Company Performance. Several factors This study aims to determine the effect of Good Corporate Governance (CGPI) on the Performance of Companies listed on the IDX for the period 2013-2017. The research population is a company that is listed on the Indonesian stock exchange and at the same time follows the ranking of the Corporate Governance Perception Index with sample selection through a purposive sampling method. There are 55 companies that meet the criteria as research samples. The results show that Good Corporate Governance has a significant positive effect on company performance, Managerial Ownership has a positive and significant effect on company performance, Institutional Ownership does not have a positive and significant effect on Company Performance, Company Size positive and significant effect on Financial Performance. Keywords : Good corporate governance, ownership structure, company size, company performance.

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Impact of Good Corporate Governance on Financial Distress in the Consumer Goods Sector Company

Summer - GATR Journal of Finance and Banking Review ◽

10.35609/jfbr.2017.2.4(6) ◽

2017 ◽

Vol 2 (4) ◽

pp. 46-55

Author(s):

Sri Marti Pramudena

Keyword(s):

Corporate Governance ◽

Consumer Goods ◽

Financial Distress ◽

Stock Exchange ◽

Secondary Data ◽

Institutional Ownership ◽

Annual Reports ◽

Manufacturing Companies ◽

Good Corporate Governance ◽

A Company

Objective - Financial distress is referred to as a condition in which a company's operations result in insufficient funds to meet its obligations (insolvency). The success or failure of a company greatly depends on the corporate governance of the company. This study aims to identify the relationship between the existence of good corporate governance and the probability of financial distress. Methodology/Technique - This study used secondary data obtained from annual reports from 2009 to 2014. The data is gathered from consumer goods manufacturing companies, that are listed on the Indonesian Stock Exchange (BEI). The sample includes 10 companies. The method of analysis used is multiple linear regressions. Findings - The results of the study show that institutional ownership and managerial ownership adversely affect the possibility of financial distress. On the other hand, the proportion of commissioners and the number of board of directors have a positive effect on the probability of financial distress. Novelty - This study found that institutional ownership (IO) has an inverse effect on the financial distress of a company. Type of Paper - Empirical Keywords: Good Corporate Governance; Financial Distress; Corporate Performance. JEL Classification: G30, G34, G39.

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The Role of Internal Audit in Governance of Zakat Institution in Malaysia

Turkish Journal of Computer and Mathematics Education (TURCOMAT) ◽

10.17762/turcomat.v12i3.1255 ◽

2021 ◽

Vol 12 (3) ◽

pp. 2568-2571

Author(s):

Suhaimi Ishak Et.al

Keyword(s):

Risk Management ◽

Corporate Governance ◽

Best Practice ◽

Good Governance ◽

Internal Audit ◽

The State ◽

Federal Constitution ◽

State Administration ◽

A Company

This study outlines the role of internal audit in the governance of zakat institutions in Malaysia. Aspects of internal audit are detailed in this study as well as risk management. Internal audit is closely linked to risk management where both of these aspects are an important element of an organisation's governance. In addition, legislative matters such as the Federal Constitution and the State Administration of Islamic Religious Enactments were also discussed in this research. Researchers are also talking about the Malaysian Code on Corporate Governance (MCCG), which can be used as a guide and best practice for Islamic religious states and zakat institutions in Malaysia. Although the Islamic religious councils of the states and the zakat institutions are not a company but with the trust as administrators and managers of large zakat funds, the need for good governance is essential.

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