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The International Journal of Applied Economics and Finance

Year: 2011 | Volume: 5 | Issue: 3 | Page No.: 237-244
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Authors

Md. Abdur Rouf

Keywords

Research Article

The Relationship Between Corporate Governance and Value of the Firm in Developing Countries: Evidence from Bangladesh

Md. Abdur Rouf
This study aimed to examine the relationship between four corporate governance mechanisms (board size, board independent director, chief executive officer duality and board audit committee) and value of the firm (performance) measures (return on assets, ROA and return on equity, ROE). The study is based on a sample of 93 listed non-financial companies in Dhaka Stock Exchanges (DSE) 2006. Using OLS as a method of estimation, the results provide evidence of a positive significant relationship between ROA and board independent director as well as chief executive officer duality. The results further reveal a positive significant relationship between ROE and board independent director as well as chief executive officer duality. The study, however, could not provide a significant relationship between the value of the firm measures (ROA and ROE) and board size and board audit committee.
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Comments

Dr. M. Habiulah Reply

Actually this work is perfect for current situation of Bangladesh. Thank to author.

M.Abdur Rouf

Thanks for your comment about my paper.

Prof. Dr. M. Akhtar Uddin Reply

This work is original and exceptional in the view of Bangladesh

Nur-E-alam Siddique Reply

Thank to author for his outstanding work

M.Abdur Rouf

Also thank to you for reading my paper

Md Saiful Islam Reply

An amajing article from the writer. Thrilled by the information got from it.

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