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

Paper

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

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

Presentation TypePaper
AuthorsHossain, Amzad (Author) and Rashid, Afzalur (Author)
Journal or Proceedings TitleProceedings of the American Canadian Conference for Academic Disciplines
Year2009
Place of PublicationCanada
Web Address (URL) of Paperhttp://www.internationaljournal.org/toronto.html
Conference/EventAmerican Canadian Conference for Academic Disciplines 2009
Event Details
American Canadian Conference for Academic Disciplines 2009
Parent
American Canadian Conference for Academic Disciplines
Event Date
25 to end of 28 May 2009
Event Location
Toronto, Canada
Abstract

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.

ANZSRC Field of Research 2020480103. Corporations and associations law
350799. Strategy, management and organisational behaviour not elsewhere classified
380109. Industry economics and industrial organisation
Byline AffiliationsAl Ain University, United Arab Emirates
School of Accounting, Economics and Finance
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