Weitere Kapitel dieses Buchs durch Wischen aufrufen
This study examines the effect of board diversity and corporate governance structure on operating performance of Nepalese enterprises. The dependent variables are return on equity (ROE) and market price per share. The independent variables are CEO duality, outside directors, board diversity, board size, board meeting, audit committee, block shareholders, firm size and leverage. The study is based on 20 companies consisting of 10 banking and 10 insurance companies with 100 observations for the period of 2011–2012 to 2015–2016. We collected the data from banking and financial statistics and the Bank Supervision Report published by Nepal Rastra Bank, and the annual reports from the selected Nepalese enterprises. Multiple regression models are estimated to test the significance and importance of board diversity and corporate governance structure on operating performance of Nepalese enterprises.
Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten
Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:
Abbott, L. J., & Parker, S. (2000). Auditor selection and audit committee characteristics. A Journal of Practice and Theory, 19(2), 47–67. CrossRef
Abdul, R., Haneem, K., & Ali, F. M. (2006). Board, audit committee, culture and earnings management: Malaysian evidence. Managerial Auditing Journal, 1(7), 783–804. CrossRef
Abdullah, S. N. (2004). Board composition, CEO duality and performance among Malaysian listed companies. Corporate Governance, 4(4), 47–61. CrossRef
Abor, J. (2007). Corporate governance and financing decisions of Ghanaian listed firms. The International Journal of Business in Society, 7(1), 83–92.
Adams, R. B., & Ferreira, K. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 9(1), 291–309. CrossRef
Adler, R. D. (2001). Women in the executive suite correlate to high profits. Working paper, European project on equal pay, Pepperdine University, USA.
Adnan, M. A. (2011). A panel data analysis on the relationship between corporate governance and bank efficiency. Journal of Accounting Finance and Economics, 1(1), 1–15.
Agrawal, A., & Mandelker, G. (1990). Large shareholders and the monitoring of managers: The case of anti-takeover charter amendments. Journal of Financial and Quantitative Analysis, 25(2), 143–161. CrossRef
Brickley, J., Coles, L., & Jarrell, G. (1997). Corporate leadership structure: On the separation of the positions of CEO and chairman of the board. Journal of Corporate Finance, 3(3), 189–220. CrossRef
Burke, P. (2000). Concentration and other determinants of bank profitability in Europe, North America and Australia. Journal of Banking and Finance, 13(1), 65–79. CrossRef
Burson, K. (2007). The effect of firm size on profit rates in the financial services. Journal of Economics Education Research, 8(1), 67–81.
Cadbury, A. (1992). Report of the committee on the financial aspects of corporate governance. London Gee Publishing, 7(4), 24–50.
Carter, D. A., Simkins, J., & Gary, W. (2003). Corporate governance, board diversity, and firm value. Financial Review, 38(1), 33–53. CrossRef
Dalton, D., Daily, C., Ellstrand, A., & Johnson, J. (1998). Meta-analytic review of board composition, leadership structure, and financial performance. Strategic Management Journal, 1(9), 269–290. CrossRef
DrorParnesa, L. (2011). Corporate governance and corporate credit worthiness. Journal of Risk and Financial Management, 2(1), 1–42.
Ekwe, M., & Duru, A. (2012). Liquidity management and corporate profitability in Nigeria. ESUT Journal of Accountancy, 3(1), 22–28.
Erhardt, P., Niclas, L., Werbel, H., & Shrader, D. (2003). Board of director diversity and firm financial performance. Corporate Governance: An International Review, 9(1), 102–111. CrossRef
Farrell, K. A., & Hersch, P. L. (2005). Additions to corporate boards: The effect of gender. Journal of Corporate Finance, 11(3), 85–106. CrossRef
Ferreira, K. (2010). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 9(4), 291–309.
Finch, E. M., & Shivdasani, A. (2006). Are busy boards effective monitors. Journal of Finance, 51(2), 689–724.
Fondas, N. (2000). Women on boards of directors: Gender bias or power threat? Issues in Business Ethics, 14(1), 171–177. CrossRef
Gill, A., & Mathur, N. (2011). Board size, CEO duality, and the value of Canadian manufacturing firms. Journal of Applied Finance and Banking, 1(3), 1–13.
Guli, S., Sajid, M., Razzaq, N., & Afzal, F. (2012). Agency cost, corporate governance and ownership structures. International Journal of Business and Social Science, 3(9), 268–277.
Guragain, S., Karki, S., Koirala, S., Upadhaya, S., & Pant, U. (2016). The effect of board size, board composition and ownership structure on bank performance: A case of Nepalese commercial banks. Nepalese Journal of Finance, 3(1), 104–116.
Hill, C., & Jones, G. (2001). Corporate governance, board gender diversity and corporate performance: A critical review of literature. European Scientific Journal, 12(7), 23–45.
Javid, A. Y., & Robina, I. (2007). Relationship between corporate governance indicators and firm value: A case study of Karachi Stock Exchange. Retrieved from http://mpra.ub.uni-muenchen.de/2225/MPRA. Paper no. 2225, Posted 07. November 2007/02:20, PIDE Working Papers 2007: 14.
Jensen, M. C. (1993). The modern industrial revolution, exit, and the failure of internal control systems. Journal of Finance, 48(3), 831–880. CrossRef
Jensen, M. C. (1994). The modern industrial revolution, exist and the failure of internal control system. The Journal of Applied Corporate Finance, 6(4), 1–7. CrossRef
Jensen, M. C., & Meckling, H. W. (1976). Theory of the firm: Managerial behaviour, agency costs and university structure. Journal of Financial Economics, 3(1), 305–360. CrossRef
Johansen, D. (2008). Corporate governance and board accounts: Exploring a neglected interface between boards of directors and management. Journal of Management and Governance, 12(4), 343–380. CrossRef
Johl, S. K., Kaur, S., & Cooper, B. (2015). Board characteristics and firm performance: Evidence from Malaysian public listed firms. Journal of Economics, Business and Management, 3(2), 239–243. CrossRef
Kang, J. K., & Shivdasani, A. (1995). Firm performance, corporate governance, and top executive turnover in Japan. Journal of Financial Economies, 38(1), 29–58. CrossRef
Kang, H., Cheng, M., & Gray, S. J. (2007). Corporate governance and board composition: Diversity and independence of Australian boards. Corporate Governance: An International Review, 15(2), 12–19.
Karamanou, I., & Vafeas, N. (2005). The association between corporate boards, audit committees, and management earnings forecasts: An empirical analysis. Journal of Accounting Research, 43(3), 453–486. CrossRef
Kyereboah-Coleman, A. (2008). Corporate governance and firm performance in Africa: A dynamic panel data analysis. Journal of Economics and Econometrics, 32(2), 1–24.
Kyereboah-Coleman, A., & Biekpe, N. (2006). Corporate governance and financing choices of firms: A panel data analysis. South African Journal of Economics, 74(4), 670–681. CrossRef
Lama, M. N., Khadka, P., Acharya, P., Maharjhan, K., & Bhandari, R. (2015). Corporate governance and firm performance: Study in Nepalese firms. Nepalese Journal of Corporate Governance, 2(1), 78–92.
Lipton, M., & Lorsch, J. (1992). A modest proposal for improved corporate governance. The Business Lawyer, 48(1), 59–77.
Majumdar, S. K. (1997). Foreign ownership and profitability: Property rights, control, and the performance of firms in Indian industry. The Journal of Law and Economics, 42(1), 209–238.
Mangena, M., & Tauringana, V. (2008). Corporate boards, ownership structure and firm performance in an environment of severe political and economic uncertainty. British Accounting Association Conference, Norton Street, Liverpool, USA.
Ntim, C. G. (2009). Internal corporate governance and firm financial performance: Evidence from South African listed firms. Unpublished PhD thesis, University of Glasgow, UK.
Nuryanah, S., & Islam, S. (2011). Corporate governance and performance: Evidence from an emerging market. Malaysian Accounting Review, 10(1), 17–42.
Peng, M. W., Zhang, S., & Li, X. (2007). CEO duality and firm performance during china’s institutional transitions. Management and Organization Review, 3(2), 205–225. CrossRef
Peni, E., & Vahamaa, S. (2012). Did good corporate governance improve bank performance during the financial crisis ? Journal of Financial Services Research, 41(2), 19–35. CrossRef
Pradhan, R. S., & Adhikari, S. N. (2009). Corporate governance and firm performance. Journal of Management Review, 1(1), 22–26.
Rhoades, D. L., Rechner, P. L., & Sudramurthy, C. (2001). A meta-analysis of board directorship structure and financial performance: Are two heads better than one? Corporate Governance-An International Review, 9(3), 311–319. CrossRef
Ruin, J. (2001). Essentials of the corporate management. International Journal of Multidisciplinary Sciences and Engineering, 6(2), 34–54.
Sami, H., Wang, J., & Zhou, H. (2011). Corporate governance and operating performance of Chinese listed firms. Journal of International Accounting, Auditing and Taxation, 20(2), 106–114. CrossRef
Shah, P., Rai, K., & Shrestha, S. (2013). Impact of corporate governance in financial performance. Nepalese Journal of Management, 1(2), 23–45.
Sharma, G., Karki, M., Poudel, M., & Thapa, N. (2014). Role of corporate governance on banks performance: A case of Nepalese bank. Nepalese Journal of Corporate Governance, 1(1), 15–26.
Sheikh, N. A., Wang, Z., & Khan, S. (2013). The impact of internal attributes of corporate governance on firm performance evidence from Pakistan. International Journal of Commerce and Management, 23(1), 56–74. CrossRef
Shleifer, A., & Vishny, R. (1997). A survey of corporate governance. Journal of Finance, 52(2), 737–783. CrossRef
Shleifer, A., & Wolfenson, D. (2002). Investor protection and equity markets. Journal of Financial Economics, 66(1), 3–27. CrossRef
Shrader, C. B., Blackburn, V. B., & Iles, P. (1997). Women in management and firm financial performance: An exploratory study. Journal of Managerial Issues, 9(3), 355–372.
Silwal, P. P. (2011). Effects of corporate governance on the performance of Nepalese firms. The International Research Journal of Management Science, 1(1), 35–47.
Smith, N., Smith, V., & Verner, M. (2006). Do women in top management affect firm performance? A panel study of 2,500 Danish firms. International Journal of Productivity and Performance Management, 5(5), 569–593. CrossRef
Thagunna, K. S., & Poudel, S. (2013). Measuring bank performance of Nepalese banks: A data envelopment analysis (DEA) perspective. International Journal of Economics and Financial Issues, 3(1), 54–56.
Thapa, P., Bajagain, R., & Sharma, D. (2013). Corporate governance: Need and significance in Nepalese banking system. Nepalese Journal of Business, 3(1), 15–28.
Velnampy, K., & Pratheepkanth, L. (2012). Corporate governance and firm performance: A study of selected listed companies in Sri Lanka. International Journal of Commerce and Management, 23(1), 23–49.
- Effect of Board Diversity and Corporate Governance Structure on Operating Performance: Evidence from the Nepalese Enterprises
Ritu Kumari Gupta
- Chapter 23
Neuer Inhalt/© Stellmach, Neuer Inhalt/© BBL, Neuer Inhalt/© Maturus, Pluta Logo/© Pluta, Neuer Inhalt/© hww, Voraussetzungen für wirtschaftliche additive Fertigung/© Marco2811 | Fotolia