Response : Board Composition and Firm Performance : Evidence from Bangladesh – A Sceptical View

Khorshed Chowdhury
2010 Australasian Accounting, Business and Finance Journal  
I have read the above paper with keen interest. The key finding of this paper is interesting: the appointment ofindependent directors has no perceptible influence on a firm's economic performance in Bangladesh. Theconclusion was derived from a sample of 274 firm-years. The implication of this finding is also very significantfor regulators in Bangladesh and elsewhere 'in their quest for harmonization of international corporategovernance practices' Rashid et al. (2010, p76). This paper also
more » ... ments the results of an earlier paperon an allied topic by Bhuiyan and Biswas (2007) where they found that (p22) 'corporate governancedisclosure in Bangladesh is significantly influenced by local ownership, the SEC notification, and size of thecompany but belonging to financial or non-financial institution company, multinational company, age andsize of the board of directors do not have significant impact on corporate governance disclosure. So stepsshould be taken for mandatory compliance of the SEC notification and for reducing the gap between largeand small firms' disclosure practices'.
doaj:a001227b665e4e77aae67973e92890d6 fatcat:jyjojisd35an5kph5f6zgz26xm