Estimating the Impacts of Corporate Governance of the Financial Performance on Non-Financial Firms of Bangladesh

Ishtiaq Ahmad, Abid Usman, Khursheed Iqbal, Shams Ur Rehman
2021 Journal of Engineering and Applied Sciences (JEAS) University of Engineering and Technology Peshawar  
To study Bangladesh in growing economy is a good topic for study. There are two side of the study of Corporate Governance on is the wealthy economic situation and second side increases queries regarding the sustainability. It will be mentioned that from last 30 thirty years, the gross national product of Bangladesh is notable expedition. The Gross Domestic Product (GDP) progress of Bangladesh is exception is 5.69 from 1994 to 2016 and going to improving to 7.10 in 2019. The Bangladesh
more » ... keep a target till 2021 for the achieving the Middle Income Country (MIC) position in the world economic by Abstract: Corporate governance study is growing rapidly as compliance with corporate governance is mandatory. Multiple questions rose regarding measurement of Corporate Governance Practices. In this study, the authors argue whether the Corporate Governance characteristics influence the firm performance of Non-Financial Firms in Bangladesh. In this study, three types of industries like pharmaceutical, cement, and food were analyzed from the Dhaka Stock Exchange, Bangladesh for the period of 2010 to 2019. The authors used the diagnostic test on data that argued that the model is better, like the fixed effect model or random-effect model for analysis. Multiple regression based methodology was developed to use fixed-effect model for both dependent variables Return on Assets and Tobin-Q variables to discover the association between Corporate Governance and Firm Performance. It is concluded that Board Size, Board Gender, Board Experience and firm size have significant the ROA and Chief Executive Duality, Board Size, Board Gender, Board Experience, and Firm size have significant with Tobin-Q.
doi:10.17582/journal.jeas/ fatcat:3psqiuouqvajrhqsiz6vrpkid4