Corporate governance has become increasingly important in developed and developing countries just after a series of corporate scandals and failures in a number of countries. Corporate governance structure is often viewed as a means of corporate success despite prior studies reveal mixed, somewhere conflicting and ambiguous, and somewhere no relationship between governance structure and performance. This study empirically investigates the relationship between corporate governance mechanisms and financial performance of listed banking companies in Bangladesh by using two multiple regression models. The study reveals that a good number of companies do not comply with the regulatory requirements indicating remarkable shortfall in corporate governance practice. The companies are run by the professional managers having no duality and no ownership interest for which they are compensated by high remuneration to curb agency conflict. Apart from some inconsistent relationship between some corporate variables, the corporate governance mechanisms do not appear to have significant relationship with financial performances. The findings reveal an insignificant negative impact or somewhere no impact of independent directors and nonindependent non-executive directors on the level of performance that strongly support the concept that the managers are essentially worthy of trust and earn returns for the owners as claimed by stewardship theory. The study provides support for the view that while much emphasis on corporate governance mechanisms is necessary to safeguard the interest of stakeholders; corporate governance on its own, as a set of codes or standards for corporate conformance, cannot make a company successful. Companies need to balance corporate governance mechanisms with performance by adopting strategic decision and risk management with the efficient utilization of the organization's resources.
Quality assurance in education has been a critical issue in both private and public higher education in all emerging economies since World War II. Available theories on quality education are numerous, but their strategic models are sparsely sustained. The main objective of this study is, therefore, to articulate and to empirically test a conceptual model to assure and sustain quality in tertiary education grounding on a theory base presented by Chohen and Ball (2006). The model has three parts: independent components, i.e., quality inputs such as quality teachers, quality students, and quality staffs; mediating component, i.e., quality process such as quality programs; and target component, i.e., quality product such as quality education. Data (n = 97 private universities) were gathered from a report of the university grant commission (UGC), Bangladesh. The data were analysed following PLS-SEM using SmartPLS3 and SPSS software. Findings indicate that all of the predictors appear to be robust in predicting quality education. The results also indicate that the mediating construct has a significant partial mediating role in enhancing quality education in private universities. These outcomes will help academic authorities formulate the right policy option in assuring quality education in higher education institutes in Bangladesh.
In this research study, we propose an alternative empirical technique for the performance of UAE top 5 banks (initially) in comparison with global banks. The comparative ratio analysis has been performed and the UAE based banks are ranked as per their performance. The findings of this appraoch are important in the context recent banking and financial crisis, the methodology can be used as a pedagogical benchmarking exercise in or outside the class room at undergraduate and graduate level and can also serve as an important input for performance analysis research studies.
The main intent of the present research is to explore the particular practices of human resource management (HRM) to impact on sustainable assurance in quality higher education. Specifically, how promotion opportunity, performance appraisal, work condition and payment package influence teachers’ job satisfaction which, in consequence, impacts on education quality in the private universities. To attain this objective, this research applies the two factor theory of Herzberg as its theory background. Data (n = 517) were collected from 21 private universities’ faculty following the technique of random sampling. The study analyzed the data utilizing structural equation modeling through the analysis of moment structure. Results demonstrate that all four HRM variables are statistically positively significant to influence faculty job satisfaction. It also indicates that faculty job satisfaction also influence positively quality education. The study also indicates that if proper HRM practices are nurtured in private higher education institutes (HEIs) that will enhance faculty satisfaction which will sustain the development of quality education. Keywords: HRM practices; Faculty satisfaction; Sustainable quality
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