Corporate Governance in Bangladesh: A Comparison with Other Emerging Market Countries

Ferdous, Chowdhury Saima; Mallin, Chris; Ow-Yong, Kean

doi:10.1007/978-3-642-44955-0_16

Cited by 6 publications

(6 citation statements)

References 28 publications

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“…However, we argue that our measures of attitude towards whistleblowing, subjective norm, and perceived behavioral control have face validity in that the survey items being used in this study reasonably capture what each whistleblowing belief intends to measure and reflect the unique nature of whistleblowing in the context of the U.S. federal government (e.g., considering external referents in shaping the focal individual's subjective norm). Moreover, our approach is consistent with several whistleblowing studies that have used parsimonious measures of whistleblowing beliefs instead of multiplicative ones (Chang et al, 2017;Cho & Song, 2015;Chudzicka-Czupała et al, 2016;Ferdous et al, 2014;Latan et al, 2018;Rustiarini & Sunarsih, 2017).…”

Section: Variablessupporting

confidence: 82%

“…As we mentioned earlier, the items used to measure these constructs are not entirely consistent with the original operationalizations by Ajzen (1991). Although our measurement approach is aligned with those of previous studies that have used more parsimonious measures of whistleblowing-related beliefs (Chang et al, 2017; Cho & Song, 2015; Chudzicka-Czupała et al, 2016; Ferdous et al, 2014; Latan et al, 2018; Rustiarini & Sunarsih, 2017), we acknowledge that there is room for improvement in terms of operationalizing and measuring these variables.…”

Section: Discussionmentioning

confidence: 78%

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A Psychological Process of Bureaucratic Whistleblowing: Applying the Theory of Planned Behavior

Lee

Kang

Kim

2021

The American Review of Public Administration

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Whistleblowing is a psychological process that involves the calculation of risks and benefits. While there exists a broad range of research on whistleblowing in the public sector, previous studies have not examined its entire process due to the limited focus on either whistleblowing intention or whistleblowing behavior. This study aims to fill this gap by applying the theory of planned behavior (TPB) to the whistleblowing context. Specifically, we examine how individual beliefs about the likely consequences of whistleblowing (attitude toward whistleblowing), others’ expectations about whistleblowing (subjective norm), and the capability of blowing the whistle (perceived behavioral control) influence public employees’ actual whistleblowing by way of their intention to report wrongdoings. A series of structural equation models are tested using data from the 2010 Merit Principles Survey. The findings show that the more the employees perceive that the consequences of whistleblowing are important, the more the key referents support whistleblowing, and the more the protections for whistleblowers are available, the more likely are their intentions to disclose wrongdoings and then actually engage in whistleblowing behavior. We conduct additional analyses for internal and external whistleblowers separately and find that there are both meaningful similarities and differences between the two groups. This study provides support for the validity of TPB as a theoretical framework for better understanding and explicating the psychological process of bureaucratic whistleblowing.

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Section: Variablessupporting

confidence: 82%

Section: Discussionmentioning

confidence: 78%

A Psychological Process of Bureaucratic Whistleblowing: Applying the Theory of Planned Behavior

Lee

Kang

Kim

2021

The American Review of Public Administration

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“…Firstly, the Pakistani firms do not have a large number of members on the board as compared to the firms in the other neighboring countries. As per the findings of this study, the average board size is 8 whereas the board size in India is 13 and in Bangladesh is 16 (Ferdous et al, 2014). Since the low board size is considered less effective due to less diversity, experience and skills involved, therefore, the current study contends that the reason for the insignificant role might be the low board size in Pakistan.…”

Section: Board Characteristicssupporting

confidence: 59%

“…Since the low board size is considered less effective due to less diversity, experience and skills involved, therefore, the current study contends that the reason for the insignificant role might be the low board size in Pakistan. Secondly, the average number of non-executive directors on the board is 2.67 in the Pakistani firms as compared to India where the ratio is 4 (Ferdous et al, 2014). Likewise, the ratio of outsiders on the board is 69 percent as shown in table 1 of the current study.…”

Section: Board Characteristicsmentioning

confidence: 51%

Determinants of Corporate Pay-Out Policy and the Moderating Effects of Firm's Growth: Evidence from Pakistan

Hussain

Md-Rus

Al-Jaifi

2022

Studia Universitatis „Vasile Goldis” Arad – Economics Series

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This study investigates the determinants of dividend pay-out of listed firms in Pakistan from the year 2011 to 2015. The focus of the study is the life cycle theory of dividends, agency theory and signaling theory. Corporate governance indicators, firm efficiency and cash flow volatility are the main determinants used in this study. This study also includes eight corporate governance indicators namely insider ownership, ownership concentration, institutional ownership, board independence, board size, CEO duality, audit committee independence and remuneration committee. It is found that ownership concentration, institutional ownership, CEO duality, firm efficiency and cash flow volatility are the significant determinants of dividend pay-out in Pakistan. It is also found that growth opportunities significantly moderate the impact of ownership concentration, institutional ownership, CEO duality, firm efficiency, cash flow volatility on the dividend pay-out. This research is among the pioneer studies which examine the impact of firm efficiency on dividend pay-out. Likewise, the study is among the first attempts to incorporate growth opportunities as moderating variable in the relationship between corporate governance indicators, firm efficiency and cash flow volatility with dividend pay-out. Results show that the management of an efficient firm pays a high dividend to increase its reputation in the market. Furthermore, the negative signaling effect of dividend omission may not exist for efficient firms. It implies that efficient firms at their growth stage may also skip dividends.

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“…Given the importance of deregulation, globalization, increasing risk, and investor protection, as well as the positive role of the banking sector in economic growth, corporate governance has significant importance for the sustainability of the banking industry, because corporate governance practices help to build sustainable value for the banking industry (Yatim and Yusoff 2014). Both the Organization for Economic Co-operation and Development (OECD 1999) and Basel Committee on Banking Supervision (BCBS 1999;BCBS 2006) produced and made recommendations regarding the best corporate governance practices for a sound financial system, which is important for sustained economic growth (de Andres and Vallelado 2008;Ferdous et al 2014). Following the OECD and Basel committee recommendations, many countries, including Pakistan 1 , developed their own guidelines for the best corporate governance practices in order to monitor and enhance the performance of their banking system and to protect shareholder 1 Initially, in 2002, the Security and Exchange Commission of Pakistan (SECP), in collaboration with United Nation Development Program (UNDP), started a project which involved developing, designing, and implementing the code of corporate governance in order to improve best corporate governance practices in the country (SECP 2004) for the sustainable growth of industry.…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance, Political Connections, and Bank Performance

Haris

Yao

Tariq

et al. 2019

IJFS

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This study investigates the impact of corporate governance characteristics and political connections of directors on the profitability of banks in Pakistan. The study uses the data of 26 domestic banks over the latest and large period of 2007–2016. Our findings firstly affirm that bank profitability is negatively affected by the presence of politically connected directors on the board, reporting significantly lower return on assets, return on equity, net interest margin, and profit margin. Secondly, our findings also affirm the negative political influence on the sustainability of the banking industry, reporting significantly lower return on assets, return on equity, net interest margin, and profit margin during the government transition of banks having politically connected directors sitting on their board. Our findings further report an inverted U-shaped relationship between board size and bank profitability, suggesting that a board size beyond 8–9 members decreases the profitability. The study further finds a positive impact of board composition, board independence, and director compensation on bank profitability, while also finding a negative impact of frequent board meetings, presence of foreign directors, and audit committee independence.

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Corporate Governance in Bangladesh: A Comparison with Other Emerging Market Countries

Cited by 6 publications

References 28 publications

A Psychological Process of Bureaucratic Whistleblowing: Applying the Theory of Planned Behavior

A Psychological Process of Bureaucratic Whistleblowing: Applying the Theory of Planned Behavior

Determinants of Corporate Pay-Out Policy and the Moderating Effects of Firm's Growth: Evidence from Pakistan

Corporate Governance, Political Connections, and Bank Performance

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