The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation

Al‐ahdal, Waleed M.; Alsamhi, Mohammed H.; Tabash, Mosab I.; Farhan, Najib H.S.

doi:10.1016/j.ribaf.2019.101083

Cited by 171 publications

(117 citation statements)

References 40 publications

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“…Some remarkable studies focused on some financial indicators such as ROA, ROE, and Tobin's Q to explore the impact of corporate governance and financial performance. For instance, Al-ahdal et al (2020) focused on the listed banks of India and GCC and examined the relationship between corporate governance and financial performance. evidenced that the firms' size along with the board and ownership structure influence the financial output of the banks.…”

Section: Introductionmentioning

confidence: 99%

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

Rashid

Zobair

Chowdhury

et al. 2020

Bus Res

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Though remarkable literature exploring productivity and efficiency has emerged since the last half of the previous century, but dearth studies have been found in showing the impact of corporate governance on banks' productivity. The study aims to investigate the banks' productivity and its relationship with corporate governance. For this purpose, the study examines the productivity of 30 listed banks of Bangladesh deploying a Malmquist Productivity Index (an extension of Data Envelopment Analysis) with a panel data covering the period of five years from 2013 to 2017. The empirical results show that the average productivity of the banks is 1.03%. Finally, the ordinary least square (OLS), fixed effect (FE), and random effect (RE) regression were run separately. The research outcomes show that the productivity of the Bangladeshi banks is significantly influenced by financial performance, ownership structure, and board characteristics. The study provides the researchers, academicians, management of the banks, and regulatory body a new insight of how corporate governance influences the banks' productivity so that they can formulate a better policy to generate more productivity.

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Section: Introductionmentioning

confidence: 99%

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

Rashid

Zobair

Chowdhury

et al. 2020

Bus Res

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“…However, there are also studies that have not identified a significant influence of corporate governance attributes on performance. An example in this case is the research performed by Al-ahdal et al [11] on 106 entities between 2009-2016. Its results reveal that board accountability does not significantly influence firm performance measured by the ROE and Tobin's Q indicators.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The Link between Board Structure, Audit, and Performance for Corporate Sustainability

et al. 2020

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The economic and social transformations, the bankruptcies recorded, and the financial crisis affecting all economies have increased the interest for the corporate governance concept. Our intention in this paper was to study the impact of corporate governance attributes on performance given the information published by the entities listed on five stock exchanges from Europe, namely the main market from Bucharest Stock Exchange (BSE) in Romania, the Athens Stock Exchange(ATHEX) main market in Greece, Financial Times Stock Exchange 100 Index (FTSE 100) from Great Britain, Spanish Stock Exchange 35 Index (IBEX 35) from Spain, and Warsaw Stock Exchange 20 Index (WIG 20) from Poland, between 2016–2018. Through mathematical modeling and multiple linear regression, we aimed to determine the extent to which corporate governance characteristics, firm characteristics, industry and stock market fixed effects, and random effects influence the performance of 226 entities included in our sample. The empirical findings revealed that CEO duality, the number of non-executive directors and women on board, audit committee, and audit opinion influenced performance measured by the Return on Assets (ROA) and Return on Equity (ROE) indicators. The ideas highlighted and the results obtained in this research contribute to the literature that analyzes the extent to which an effective governance determines the increase in performance, needed for a sustainable development.

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“…At present, there are various empirical research studies which evaluate the influence of non-financial information on the issuer's financial attractiveness. In the paper [6] it was proposed that transparency and information disclosure influence corporate performance (as measured by means of Tobin's Q and return on equity). Z. Rezaee and L. Tuo [7] proved the relation between non-financial information disclosure and leadership indicators in a sector after analysing 2,525 companies in four sectors in the United States of America in 2010 (the chemical industry, machine-building, electronics, and consulting services) on the basis of a panel regression.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of the Impact of the Level of Disclosure of Mandatory Non-Financial Information in Public Annual Reports on the Investment Attractiveness of a Company

Fedorova¹,

Grishchenko²,

Demin³

et al. 2020

КФ

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In this study, we assess the influence of information disclosed by issuers in annual reports in accordance with therequirements of the Central Bank of Russia on the investment attractiveness of a company.The empirical base of the research consists of annual reports of 60 Russian issuers from various industries over 10 years.On the basis of applicable regulations of the Bank of Russia we compiled an author’s dictionary of terms (word forms).Using the methods of taking into consideration grammatical forms we calculated occurrences of the dictionary termsin the texts of annual reports. This study represents the first time that a rating of issuers on the basis of the disclosureindex of mandatory non-financial information (INDEX) in accordance with the Russian legislation was made. By meansof a probit regression we proved the interrelation between the disclosure index of mandatory non-financial information(INDEX) and the issuer’s investment attractiveness. Additionally, by means of a panel regression we established theinterrelation between the issuer’s investment attractiveness and the level of information disclosure which characterisesthe issuer, its securities and dividend policy, and its risk management policy.

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The impact of corporate governance on financial performance of Indian and GCC listed firms: An empirical investigation

Cited by 171 publications

References 40 publications

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

Corporate governance and banks’ productivity: evidence from the banking industry in Bangladesh

The Link between Board Structure, Audit, and Performance for Corporate Sustainability

Assessment of the Impact of the Level of Disclosure of Mandatory Non-Financial Information in Public Annual Reports on the Investment Attractiveness of a Company

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