| dc.description.abstract | This study highlights corporate governance practices in Bangladeshi manufacturing
companies and the fundamental aim is to understand the corporate governance
application & its effects on firm performance. This study argues that corporate
governance components like the Board of Directors, audit committees, external
audit firms, and institutional ownership play a significant role on firm performance
for the Bangladeshi manufacturing companies. The objective of this research is to
determine the impact of corporate governance on firms’ performance of publicly listed
companies in Bangladesh on their accounting performance and market performance e.g.
return on assets (ROA), return on equity (ROE) and Tobin’s Q. More precisely, this
study focuses on the scenario of the corporate governance environment of the listed
manufacturing companies in Bangladesh. Secondly, this research finds the effect of
corporate governance practices on the firm performance of the listed manufacturing
companies in Bangladesh. Eventually, the present researcher examines the effect of
family control firms on firm performance. Using a sample of 100 manufacturing
organizations listed under the DSE over the eight -year period from 2013 to 2020. The
present researcher mainly addresses the Two-step system GMM in our empirical study.
However, the researcher employs traditional panel estimation processes, i.e., Pooled OLS
(POLS), Fixed Effects, and Random Effects, to justify our dynamic panel estimated
results. The result reveals that corporate governance variables, i.e. BS, IDB, DUAL, BM,
IMAC, NACM, QMAC, ACS, BNAF, IW all are favorably related with firm
performance.
In introduction chapter, background of the study has been discussed along with the
significance of the study, statement of the problem, research question and objectives of
the study. An overview of the corporate governance environment in Bangladesh has been
shown in chapter two. Meanwhile, Chapter three covered in the literature review which
focused on conceptual literature review, theoretical literature review and empirical
literature review to identify the importance of corporate governance, and research gap.
Chapter four discussed the research framework and hypotheses development where the
present researcher used alternative hypotheses based on the independent variables.
Chapter five discussed the research methodology where the entire research plan has been
presented. Chapter six discusses data analysis and result-based on data examination. In
Chapter seven, an overall discussion has been presented on the findings along with
iiilimitation of the study, research contribution, suggestions for future research, and finally
conclusion.
Originality: A range of measures of corporate governance mechanisms and firm
performance variables are used, as a departure to keeping to the traditional system of
prior studies instead of the single measuring framework. For the goal of analysis,
numerous statistical tools such as GMM model, fixed effects, random effects and other
approaches are employed. Moreover, a large number of manufacturing companies and
years were selected as a sample.
Keywords: Corporate governance (CG), Firm performance, Board of Directors, Audit
Committee, Audit firm, Institutional ownership. | en_US |
| dc.subject | corporate governance, firm performance, bangladeshi manufacturing, board of directors, audit committees, external audit firms, institutional ownership, return on assets (roa), return on equity (roe), tobin’s q, family control firms, dynamic panel estimation, gmm model, fixed effects, random effects. | en_US |
