公司治理与公司盈利能力:基于新兴经济体的研究

Q3 Business, Management and Accounting

Indian Journal of Corporate Governance Pub Date : 2019-06-28 DOI:10.1177/0974686219836544

Mohammad Rajon Meah, Nasir Uddin Chaudhory

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引用次数: 16

摘要

摘要本文旨在研究孟加拉国公司治理(董事会规模、女性董事、家族二元性和董事所有权)对公司盈利能力的影响。本文对110家在达卡证券交易所上市的制造业企业进行了定量研究。对2013年至2017年的512个样本年观测数据进行多元汇总普通最小二乘(OLS)回归，对研究假设进行检验。一方面，董事会规模和女性董事的增加与公司盈利能力呈正相关，这反过来又有助于提高公司的盈利能力。另一方面，结果还发现，董事持股比例和家族二元性与公司盈利能力呈负相关，从而降低了公司绩效。本研究的结果主张决策者通过解决董事持股比例保持在一定水平的问题来制定政策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Corporate Governance and Firm’s Profitability: An Emerging Economy-based Investigation

Abstract This article aims to investigate the impact of corporate governance through board size, female directors, family duality and director ownership on firm’s profitability in Bangladesh. It’s a quantitative study on 110 manufacturing firms listed in Dhaka Stock Exchange. Multivariate pooled Ordinary Least Square (OLS) regressions are applied on 512 sample-year observations from the year 2013 to 2017 to test the hypotheses in the study. On one side, the results reveal that larger board size and female directors on board are positively associated with firm’s profitability, which in turns helps to enhance firm’s profitability. On the other side, it is also found in the results that percentage of shares held by the directors and family duality are negatively related to firm’s profitability and thus reduces firm performance. The outcomes of this study advocate the policymakers to formulate a policy by addressing the percentage of shares held by the directors to be kept at a certain level.

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来源期刊

Indian Journal of Corporate Governance Business, Management and Accounting-Business and International Management

CiteScore

2.00

自引率

0.00%

发文量

期刊介绍： Indian Journal of Corporate Governance is a bi-annual refereed journal that provides a forum for discussions and exchanging views on a wide range of corporate governance issues ranging from board practices, independent directors, whistle blower policies and shareholder activism on one hand to media’s role in corporate governance, corporate social responsibility and sustainability reporting on the other. It comprises of research articles, concept papers, case studies and reports providing a blend of theory and practices of corporate governance globally to cater to the interests of practitioners, academics, researchers and policy makers.