The Influence of Board Independent on Firm Performance of Sri Lankan Listed Companies

Nazar, M. C. A.

doi:10.30726/ijmrss/v8.i2.2021.82007

Cited by 3 publications

(5 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Corporate Governance is the set of rules, practices, as well as processes that are managed and controlled by a company (Wilathgamuwa, 2018). It is also the major area of academic research in industrialized and developing countries around the world (Nazar, 2012). Thus, today's business environment, there is more competition.…”

Section: Introductionmentioning

confidence: 99%

Impact of Corporate Board Size on Firm Performance: Evidence from the Nepalese Banks

Dongol¹

2023

JCFMBS

View full text Add to dashboard Cite

The purpose of this study is to determine the impact of corporate board size on the firm performance of Nepalese commercial banks. This study examines the banks that have directors less than seven on the board and directors equal to or more than 7 on the board, based on 8 years of data taken from the year 2013 to 2020. The study includes 27 banks as sample banks. The firm performance is measured by the Return on equity (ROE) and Return on assets (ROA). Corporate board size and firm performance are measured by using the Independent Sample t-test. The finding of the study shows that banks have less than seven directors on the board and banks have equal to or more than seven directors on the board have not found a significant impact on the firm performance of the commercial banks in Nepal.

show abstract

Section: Introductionmentioning

confidence: 99%

Impact of Corporate Board Size on Firm Performance: Evidence from the Nepalese Banks

Dongol¹

2023

JCFMBS

View full text Add to dashboard Cite

show abstract

“…Corporate governance is the system of accountability among shareholders, the boards of directors, and the management of a corporate entity (Lusaka, 2005). Nowadays, it is also the major area of academic research in industrialized and developing countries around the world (Nazar, 2012). Thus, in today's business environment, there is more competition.…”

Section: Introductionmentioning

confidence: 99%

Corporate Board Size and Its Impact on Firm Performance: An Empirical Study on Commercial Banks

Dongol

2022

J. Kath. Bernhardt Coll.

View full text Add to dashboard Cite

This study examines the corporate board size and its impact on the firm performance. This study identifies the banks with directors less than seven on the board and directors equal to or more than seven, based on eight years of data taken from 2013 to 2020 of Nepalese commercial banks. The study covers 27 banks as sample banks for the study. The Return on equity and Return on assets measures the firm performance. Corporate board size and firm performance are measured by using the Independent Sample t-test. The finding of results demonstrates that banks with less than seven directors on the board and banks with equal to or more than seven directors on the board have yet to find a significant impact on the firm performance of the commercial banks.

show abstract

“…Most research studies started, as the importance of corporate governance grows day by day. Numerous empirical and theoretical studies show that the CG mechanism is important for the profitability and growth of companies (Nazar, 2012). CG has received worldwide attention due to the financial crisis in recent decades due to the failure of established international companies, such as Enron, WorldCom and Lehman Brothers.…”

Section: Introductionmentioning

confidence: 99%

“…So corporate governance is imperative and essential with the collapses and eminent failures (Sivaraja et al, 2010). Some reasons stated for those corporate failures are lack of vigilant mistake functions by the board of directors, the board surrendering control to corporate managers who pursue their interest and the board being negligent in its accountability to stakeholders (Nazar, 2012). The board structure is highly affected to the firm performance.…”

Section: Introductionmentioning

confidence: 99%

“…After these issues many researchers have done their research studies regarding the impact of board structure on firm performance for different sectors. According to the international context Bonn, Yoshikawa, & Phan, (2004); Jackling & Johl, (2009) ;Badayi, (2015); Gafoor, Mariappan & Thyagarajan, (2018) ;Kutum, (2015) and Sri Lankan context Nadeeshamala & Kumari (2021), Suganya & Kengatharan, (2017); Hewathenna et al, (2015); Edirisinghe, (2019); Adams & Mehran, (2012); Nazar & Jameel, (2018) the numerous studies have been done regarding the impact of board structure on firm performance for listed companies in CSE, Financial, Non-Financial, Private Education Hotel and Travel, Diversified Holding and Manufacturing sectors. By analyzing the previous findings, here the researcher found that there is an empirical research gap.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Does Board Structure in Commercial Banks Impact their Performance?

Jayathilaka

Kumari

2021

Int. J. Acct.

View full text Add to dashboard Cite

This study aims to determine the Impact of Board Structure on the Performance of listed Commercial Banks on the Colombo Stock Exchange. This study examines the relationship between Board Structure and Corporate Financial Performance of listed commercial banks using a sample of 12 banks listed on the Colombo Stock Exchange, based on data from 2015 to 2019. Descriptive, correlation and regression analyses were performed to achieve the study objectives. This study uses the company's performance based on the following financial performance measures: return on assets (ROA) and return on equity (ROE) and board structure consisting of board size, female board members, non-executive directors, and frequency of board meetings. Bank capital is used as the control variable in this study. The study's findings suggest that the frequency of board meetings and non-executive directors have a negative and substantial influence on ROE, while the frequency of board meetings has a significant and negative impact on ROA. Additionally, bank capital has a positive and significant impact on ROA. However, the board size, female board members, and bank capital have no significant impact on ROE while board size, non-executive directors, and female board members have no significant impact on ROA of CSE-listed commercial banks. This study contributes to the literature on corporate governance and firm performance by providing the framework that affects the relationship between board structure and firm performance in the context of listed commercial banks. The findings of the study are important for policymakers, investors, regulators, and other bankers of the country. Commercial banks listed in Colombo Stock Exchange would put more attention on the structure and quality of the board to improve their performance. Concerning the study's scope, the present study only included CSE-listed commercial banks. Thus, additional research is needed to study the entire Sri Lankan banking system and 20 business sectors. Further, this study only looked at accounting-based measures such as ROA and ROE. Tobin's Q, for example, can be employed as a dependent variable. Future studies should be done by including cross-border analysis of developing and developed countries.

show abstract

The Influence of Board Independent on Firm Performance of Sri Lankan Listed Companies

Cited by 3 publications

References 9 publications

Impact of Corporate Board Size on Firm Performance: Evidence from the Nepalese Banks

Impact of Corporate Board Size on Firm Performance: Evidence from the Nepalese Banks

Corporate Board Size and Its Impact on Firm Performance: An Empirical Study on Commercial Banks

Does Board Structure in Commercial Banks Impact their Performance?

Contact Info

Product

Resources

About