Board structure and firm value: A study on listed banking firms in the Asian emerging markets

The banking sector in developing countries is regarded as an engine of economic growth (Arun, 2004). It is believed that corporate governance is necessary to ensure a sound financial system and, consequently, help develop the country's economy. Using a Pooled Generalised Least Squares (GLS) reg...

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Main Authors: Zulkafli, Abdul Hadi, Amran, Azlan, Samad, M. Fazilah Abdul
Format: Article
Published: Inderscience 2010
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Online Access:http://eprints.um.edu.my/1274/
http://www.inderscience.com/offer.php?id=33344
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spelling my.um.eprints.12742019-11-06T08:38:00Z http://eprints.um.edu.my/1274/ Board structure and firm value: A study on listed banking firms in the Asian emerging markets Zulkafli, Abdul Hadi Amran, Azlan Samad, M. Fazilah Abdul HG Finance Banking The banking sector in developing countries is regarded as an engine of economic growth (Arun, 2004). It is believed that corporate governance is necessary to ensure a sound financial system and, consequently, help develop the country's economy. Using a Pooled Generalised Least Squares (GLS) regression model, the relationship between board structure and bank's performance is analysed. A total of 107 listed banks in nine countries of the Asian emerging markets were included in the study. It is evidenced that only one aspect of board structure, which is CEO Duality, is positively significant, with market-based corporate performance. Inderscience 2010 Article PeerReviewed Zulkafli, Abdul Hadi and Amran, Azlan and Samad, M. Fazilah Abdul (2010) Board structure and firm value: A study on listed banking firms in the Asian emerging markets. International Journal of Business Governance and Ethics, 5 (3). pp. 157-177. ISSN 1477-9048 http://www.inderscience.com/offer.php?id=33344
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HG Finance
Banking
spellingShingle HG Finance
Banking
Zulkafli, Abdul Hadi
Amran, Azlan
Samad, M. Fazilah Abdul
Board structure and firm value: A study on listed banking firms in the Asian emerging markets
description The banking sector in developing countries is regarded as an engine of economic growth (Arun, 2004). It is believed that corporate governance is necessary to ensure a sound financial system and, consequently, help develop the country's economy. Using a Pooled Generalised Least Squares (GLS) regression model, the relationship between board structure and bank's performance is analysed. A total of 107 listed banks in nine countries of the Asian emerging markets were included in the study. It is evidenced that only one aspect of board structure, which is CEO Duality, is positively significant, with market-based corporate performance.
format Article
author Zulkafli, Abdul Hadi
Amran, Azlan
Samad, M. Fazilah Abdul
author_facet Zulkafli, Abdul Hadi
Amran, Azlan
Samad, M. Fazilah Abdul
author_sort Zulkafli, Abdul Hadi
title Board structure and firm value: A study on listed banking firms in the Asian emerging markets
title_short Board structure and firm value: A study on listed banking firms in the Asian emerging markets
title_full Board structure and firm value: A study on listed banking firms in the Asian emerging markets
title_fullStr Board structure and firm value: A study on listed banking firms in the Asian emerging markets
title_full_unstemmed Board structure and firm value: A study on listed banking firms in the Asian emerging markets
title_sort board structure and firm value: a study on listed banking firms in the asian emerging markets
publisher Inderscience
publishDate 2010
url http://eprints.um.edu.my/1274/
http://www.inderscience.com/offer.php?id=33344
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score 13.214268