Does Corporate Governance Enhance Firm Performance?: An Empirical Literature Evidence

This study examines the impact of corporate governance reforms (SECP code in Pakistan) on board structural characteristics, board roles and firm performance. It uses an exclusive balanced panel data set of 200 companies listed on Karachi Stock Exchange. The study contributes to a sparse empirical literature on boards using data from Pakistan via multi-theoretic perspective to prove that if the boards’ monitoring and resource provision roles are strengthened through board restructuring, the financial performance of the organization will be strengthened. The main findings of the study indicate that the mediated relationship between board structural variables and firm performance is stronger. The study concludes that overall companies adopted a box-ticking approach for reporting corporate governance.

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Corporate governance and firm performance in the emerging market: A review of the empirical literature

Journal of Governance and Regulation ◽

10.22495/jgrv10i1art10 ◽

2021 ◽

Vol 10 (1) ◽

pp. 96-111

Author(s):

Isaac Francis Antwi ◽

Carla Carvalho ◽

Cecília Carmo

Keyword(s):

Corporate Governance ◽

Firm Performance ◽

Audit Committee ◽

Emerging Market ◽

Gender Diversity ◽

Science Research ◽

Empirical Literature ◽

Research Trend ◽

Future Research ◽

Research Experience

After decades of many corporate scandals and financial meltdowns, the quest for effective corporate governance and firm performance has raised the concern of a lot of academicians, practitioners, and researchers regarding articles written on this issue. This study seeks to review corporate governance and firm performance articles written in Ghana under the author’s keywords in order to fulfill the objective. The goal is to identify the research trend and then to suggest the idea of future research directions. The study has conducted a review of corporate governance research by searching at Scopus and Web of Science research databases from 2006 to 2020 to prepare the list of articles. A comprehensive review of recent corporate governance and firm performance literature is essential because it provides a basis for comparing Ghana’s corporate governance research experience with other emerging economies in other continents. The findings reveal that two keywords on corporate governance analysed in this study – board composition and ownership – have many written articles, while compensation has the least number of articles. However, in the future, gender diversity and audit committee may be investigated since it has received global attention.

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Corporate Reputation & Firm Performance: Empirical Literature Evidence

International Journal of Business and Management ◽

10.5539/ijbm.v6n4p197 ◽

2011 ◽

Vol 6 (4) ◽

Cited By ~ 9

Author(s):

Ronald Chibuike Iwu-Egwuonwu

Keyword(s):

Firm Performance ◽

Corporate Reputation ◽

Empirical Literature ◽

Literature Evidence

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Ownership Concentration and Firm Performance in Transition Economies: Evidence from Montenegro

Journal of Central Banking Theory and Practice ◽

10.1515/jcbtp-2015-0011 ◽

2015 ◽

Vol 4 (3) ◽

pp. 5-64 ◽

Cited By ~ 2

Author(s):

Zorica Kalezić

Keyword(s):

Corporate Governance ◽

Firm Performance ◽

Transition Economy ◽

Focal Point ◽

Ownership Concentration ◽

Primary Data ◽

Empirical Literature ◽

The Impact ◽

First Time ◽

The Relationship

AbstractThe relationship between ownership concentration and firm performance has been the focal point of corporate governance literature and the subject of rather rich empirical literature. However, the current literature lacks uniformity and consensus regarding the nature and direction of this relationship. This research aims to contribute to this literature by investigating the relationship in a small and open transition economy of Montenegro.We use primary data1from the period 2004-2008 to analyse, for the first time, the impact of ownership concentration on firm performance in Montenegro. The results support the hypothesis that high ownership concentration enables effective monitoring by investors to protect their interests; i.e. in the specific circumstances of transition, ownership structure may be (temporarily) used as a viable substitute for the still underdeveloped corporate governance framework.

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