The Impact of Board Independence and CEO Duality on Firm Performance: A Quantile Regression Analysis for Indonesia, Malaysia, South Korea and Thailand

Ramdani, Dendi; Witteloostuijn, A. van

doi:10.1111/j.1467-8551.2010.00708.x

Cited by 190 publications

(158 citation statements)

References 99 publications

(130 reference statements)

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“…The presence of non-executive directors on board gives a positive signal to the investors and shareholders in particular and stakeholders in general that affairs of the firms are prudently monitored which also increase public confidence and subsequently add to firm value (Hassan & Butt, 2009). According to agency theory the large proportion of independent directors affect positively the value of firm (Ramdani & Van, 2009). The presence of independent directors on board will insure the effective timely monitoring and will also safeguard the interests of shareholders and in most of the times leads to on merit selection of CEO to run the organization (Khan & Awan, 2012).…”

Section: Board Independencementioning

confidence: 99%

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Khan¹,

Tanveer²,

Malik³

2017

10.5267/j.ac

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This paper investigates the impact of corporate governance on firm value measured by Tobin's Q. Different corporate governance proxies i.e. board size, board independence, audit committee and CEO duality are interacted with firm value. A sample of 91 nonfinancial firms listed on KSE was selected over the period 2010-2014. The findings of the study show that board size and CEO duality had negative impacts on firm value. Moreover, board size, non-executive directors and audit committee had positive and significant impacts on firm value.Growing Science Ltd. All rights reserved. 7

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Section: Board Independencementioning

confidence: 99%

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Khan¹,

Tanveer²,

Malik³

2017

10.5267/j.ac

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“…In contrast, Ramdani & Witteloostuijn (2010) concluded that CEO-duality improves performance for mediocre enterprises. CEO who is the manager of the company is expected to choose high quality audit as a mechanism to increase their compensation (Francis & Wilson, 1988).…”

Section: Ceo-dualitymentioning

confidence: 99%

Conceptual Relationship between Corporate Governance and Audit Quality in Shari’ah Compliant Companies Listed on Bursa Malaysia

Kasim¹,

Hashim²,

Salman³

2016

MAS

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The issue of corporate governance has been a focus among researchers after the 1997/98 financial crisis. Many countries have implemented codes and guidelines of corporate governance to promote effective boards overseeing the operations of companies. In the case of Shari'ah compliant companies, boards still play a significant role and are responsible to ensure Shari'ah compliance. This paper reemphasises the conceptual relation between corporate governance mechanisms and audit quality. The corporate governance mechanisms are measured by board size, CEO duality, independent directors, financial experts on the audit committee, and the existence of an internal Shari'ah committee. There are numerous methods to measure audit quality including using audit fee and auditor reputation as proxies. The findings are mixed. This means that there is no consistent relationship between good corporate governance mechanisms and audit quality.

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“…Agency theory states that when a board is composed mainly of outside directors, its efficiency leads to excellent FP (Ramdani and Witteloostuijn, 2010). Previous studies have discussed board composition to a large extent, and examined the association between board composition and FP, obtaining mixed results.…”

Section: Board Compositionmentioning

confidence: 99%

Corporate Governance Mechanisms and Firms’ Performance: An Empirical Analysis of Firms Listed on the Saudi Stock Exchange

Alhumoudi

2016

ijafr

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This study examines whether implementation of internal CG mechanisms have affected the performance of non-financial firms listed on the Saudi stock exchange "Tadawul", since the implementation of Saudi CG code. A cross-sectional regression analysis is employed on a sample of 118 non-financial Saudi firms in 2014, to test the hypotheses set out in the study. Board characteristics assessed include, board size, board composition, board meetings and CEO duality. Ownership structures include managerial and concentrated ownership. The study's empirical findings show board size and CEO duality, are amongst those board characteristics with a positive influence on firm performance. In the case of the second internal mechanisms of CG ownership structures, the findings suggest only managerial ownership positively affects performance. The study findings conclude that CG structures differ in every country, as each has its own social and regulations situation. The study contributes to existing literature about the CG in Saudi Arabia by reviewing the impact of CG practices eight years after the CGC. It enhances understanding among practitioners of CG, and explains how it influences firm performance in Saudi.

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The Impact of Board Independence and CEO Duality on Firm Performance: A Quantile Regression Analysis for Indonesia, Malaysia, South Korea and Thailand

Cited by 190 publications

References 99 publications

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Conceptual Relationship between Corporate Governance and Audit Quality in Shari’ah Compliant Companies Listed on Bursa Malaysia

Corporate Governance Mechanisms and Firms’ Performance: An Empirical Analysis of Firms Listed on the Saudi Stock Exchange

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