The influence of corporate governance reforms and firm performance: evidence from emerging economics

Hossain, Amzad and Rashid, Afzalur (2009) The influence of corporate governance reforms and firm performance: evidence from emerging economics. In: American Canadian Conference for Academic Disciplines, 25-28 May 2009, Toronto, Canada.

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Following the large number of corporate collapses around the world, Bangladesh enacted corporate regulatory reform in 2006. However, there is a concern whether this reform may really bring any accountability to the listed firms in the country. In order to examine this issue, the current study examines two clusters of data within the prior and post regulatory reform. The results of this study show mixed trends. The average firm performance is found to be decreased during the post reform period under ROA, while it is found to be increased during the same period under Tobin's Q. In other words, there is a significant difference in firm performance between pre and post regulatory reform under Tobin's Q. The influence of firm experience in adapting regulatory reform exhibits significant difference between pre and post regulatory reform. Thus, the firms need to enforce an adjusted socially oriented market announcement to improve all related stakeholders' confidence to extend firm's performance in a developing country like Bangladesh.

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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Faculty / Department / School: Historic - Faculty of Business - School of Accounting, Economics and Finance
Date Deposited: 23 Nov 2016 02:52
Last Modified: 05 Mar 2018 00:29
Fields of Research : 18 Law and Legal Studies > 1801 Law > 180109 Corporations and Associations Law
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150303 Corporate Governance and Stakeholder Engagement
14 Economics > 1402 Applied Economics > 140209 Industry Economics and Industrial Organisation
Socio-Economic Objective: E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services

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