Board Composition and Firm Performance: Evidence from Bangladesh

Afzalur Rashid · Anura De Zoysa · Sudhir C. Lodh · Kathy Rudkin

179 citations0/0 files storedAustralasian Accounting Business and Finance Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Gender Diversity and Inequality Corporate Governance and Financial Management

Abstract

This study examines the influence of corporate board composition in the form of representation of outside independent directors on firm economic performance in Bangladesh. Two hypotheses are developed to examine the relationship among composition of board memberships including independent directors and firm performance. An observation of 274 Bangladeshi firm-years is used in the study. A linear regression analysis is used to test the hypotheses. Results reveal that the outside (independent) directors cannot add potential value to the firm’s economic performance in Bangladesh. The idea of the introduction of independent directors may have benefits for greater transparency, but the non-consideration of the underlying institutional and cultural differences in an emerging economy such as Bangladesh may not result in economic value addition to the firm. The findings provide an insight to the regulators in their quest for harmonization of international corporate governance practices.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 179 citations exist upstream.

References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1997A Survey of Corporate Governance 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems 1933The Modern Corporation and Private Property 1999Corporate governance, chief executive officer compensation, and firm performance 1990Additional evidence on equity ownership and corporate value 1997An Empirical Analysis of the Relation between the Board of Director Composition and Financial Statement Fraud 1989Boards of Directors and Corporate Financial Performance: A Review and Integrative Model

Cited by

2014Revisiting Agency Theory: Evidence of Board Independence and Agency Cost from Bangladesh 2015Managerial Ownership and Agency Cost: Evidence from Bangladesh 2018Social institutions, corporate governance and firm-performance in the MENA region 2014Corporate Governance Mechanisms and Jordanian Companies' Financial Performance 2012Outside Directors, Corporate Governance and Firm Performance: Empirical Evidence from India

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.