Developing Corporate Governance Index for Vietnamese Banking System

Tu, Tran Thi Thanh; Khanh, Pham Bao; Quyen, Phung Duc

doi:10.5430/ijfr.v5n2p175

Cited by 8 publications

(4 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Interestingly, a study of U.S. banking firms, over the period 1997-2011, reveals that the structure of the board, (especially for banks with lower market capitalization), positively impacts performance demonstrated through higher return on assets (Pathan and Faff, 2013). Tu et al (2014) report that board characteristics have a positive influence on bank ROE and ROA measured for a sample of 75 banks based in Vietnam. Jadah and Adzis (2016) evaluate the linkage between board characteristics and bank performance for an unbalanced sample of 20 Iraqi banks, over a ten-year period from 2005 to 2014 and find that board characteristics impact bank ROE positively.…”

Section: Literature Reviewmentioning

confidence: 99%

Do Board Characteristics Impact the Market Performance of Indian Banks?

Shukla

Narayanasamy

Dasgupta

2018

Asian Economic and Financial Review

View full text Add to dashboard Cite

This paper explores the role of board characteristics of Indian banks on their market performance. We conducted panel data analysis on a sample of 29 Indian banks that form part of the National Stock Exchange (NSE) 500 index (covering a period of 8 years from 2009-2016). While ten board characteristics were considered as independent variables, Tobin"s Q was considered as the dependent variable (Tobin"s Q was assumed to be a proxy for market performance of banks). Findings suggest that only three out of ten board characteristics (average number of boards served, CEO duality and number of meetings conducted) positively affect market performance of Indian banks. Our sample included 29 Indian banks covering a period of 8 years. Also, other corporate governance mechanisms, such as characteristics of audit committee, stakeholder relations committee, nomination and remuneration committee and risk management committee were not considered for the study. Hence caution must be taken in generalizing the results of the study. Contribution/ Originality: This study is one of very few studies which have investigated the impact of board characteristics on the market performance of banks. Ten board characteristics are extracted from the annual reports of Indian banks and these may be used by researchers in the future, to act as proxy for corporate governance 1. INTRODUCTION Corporate Governance (CG) creates and sustains monitoring frameworks which guide the managerial actions such that the agents are motivated to enhance the well-being of the various stakeholders of the firm (Clarke, 1998; Cooper and Owen, 2007). The literature has extensively described the positive effect of corporate governance on the financial performance of firms. For instance, firms with better CG mechanisms report superior profitability

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Do Board Characteristics Impact the Market Performance of Indian Banks?

Shukla

Narayanasamy

Dasgupta

2018

Asian Economic and Financial Review

View full text Add to dashboard Cite

show abstract

“…The general procedure adopted for this study to construct CGDI was by using the main and common recommendations made in the Code of CG 2004 and 2016, respectively, for the sake of uniformity and comparison, and second, by identifying the sub-indices of the CGDI. This CGD sub-index aids in a deeper understanding of the essence of CG in organisations and allows researchers and practitioners to take appropriate steps to improve it (Thanh Tu et al. , 2014).…”

Section: Methodsmentioning

confidence: 99%

Determinants of corporate governance disclosure: evidence from an emerging market

Ronoowah

Seetanah

2022

JAEE

View full text Add to dashboard Cite

PurposeThis study aims to examine the influence of corporate governance (CG) mechanisms and ownership structures on corporate governance disclosure (CGD) in listed Mauritian companies.Design/methodology/approachMultivariate regression techniques, both static and dynamic panel data models, were employed to analyse the effect of the determinants on the CGD level of 42 Mauritian listed companies (38 non-financial and four financial firms) from 2009 to 2019.FindingsIn the static model comprising 42 firms, CG attributes such as board size, board meeting frequency, CG committee meeting frequency and audit committee meeting frequency are major determinants of CGD, whereas ownership structure variables such as managerial ownership and institutional ownership do not influence CGD. In the dynamic model, only the CG meeting frequency is a major determinant. The determinants of CGD vary between non-financial and financial firms.Research limitations/implicationsThis study is limited to CGD in listed firms, excluding mandatory disclosures and unlisted firms. Future research can use qualitative approaches to better understand CGD behaviour with an extension to mandatory disclosures and non-listed firms.Practical implicationsPolicymakers can rely on determinants to draw policy measures to raise CG standards further. Domestic and foreign investors may also depend on the determinants of their expectations of CGD while making investment and credit decisions.Originality/valueThis study contributes to the extant literature by examining a new determinant of CGD: CG committee meeting frequency. It also investigates any differences in the determinants between financial and non-financial firms with different listing status.

show abstract

“…Corporate performance is a systematic function of a business house to provide the best solution to the customer, society, and better financial and market resources to the firm itself (Tran et. al., 2014;and Oli, 2021).…”

Section: Source: Authors Own Developmentmentioning

confidence: 99%

Impact of National Election-2017/18 on Corporate Performance: An Analysis of Insurance Companies in Nepal

Oli

2023

Interdis. J. Innov. Res. Nep. Acad.

View full text Add to dashboard Cite

This paper analyzes the impact of the national election on corporate performance by using panel data from listed insurance companies over the period 2015 to 2021 with 126 observations. The proxy variables of corporate performance have used market price per share (MPS), dividend payout ratio (DPS), and return on assets (ROA) for market performance, investor’s performance, and firm’s performance respectively. This study uses the generalized least squared (GLS) method for the final impact assessment. Empirical analysis shows that the beta coefficient of D-election is significantly negative with all performance proxy variables in random effect estimates. This indicates that there is a random effect of the national election on corporate performance and provides a negative impact on corporate performance after the national election-2017-18. Similarly, analysis of fixed effects also support a similar impact except for the DPS because DPS is not significant. For the robust test, this paper has performed the Breusch-Pagan test and Hausman test which supports consistency of the analysis. Overall analysis suggests that the four levels of elections: local level, provincial level, federal level, and national assembly election do affect adversely the corporate performance of insurance industries in Nepal.

show abstract

Developing Corporate Governance Index for Vietnamese Banking System

Cited by 8 publications

References 6 publications

Do Board Characteristics Impact the Market Performance of Indian Banks?

Do Board Characteristics Impact the Market Performance of Indian Banks?

Determinants of corporate governance disclosure: evidence from an emerging market

Impact of National Election-2017/18 on Corporate Performance: An Analysis of Insurance Companies in Nepal

Contact Info

Product

Resources

About