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The International Journal of Applied Economics and Finance
  Year: 2011 | Volume: 5 | Issue: 3 | Page No.: 237-244
DOI: 10.3923/ijaef.2011.237.244
The Relationship Between Corporate Governance and Value of the Firm in Developing Countries: Evidence from Bangladesh
Md. Abdur Rouf

Abstract:
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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How to cite this article:

Md. Abdur Rouf , 2011. The Relationship Between Corporate Governance and Value of the Firm in Developing Countries: Evidence from Bangladesh. The International Journal of Applied Economics and Finance, 5: 237-244.

DOI: 10.3923/ijaef.2011.237.244

URL: https://scialert.net/abstract/?doi=ijaef.2011.237.244

COMMENTS
12 May, 2011
Dr. M. Habiulah:
Actually this work is perfect for current situation of Bangladesh. Thank to author.
13 May, 2011
M.Abdur Rouf:

Thanks for your comment about my paper.

13 May, 2011
Prof. Dr. M. Akhtar Uddin:
This work is original and exceptional in the view of Bangladesh
19 May, 2011
Nur-E-alam Siddique:
Thank to author for his outstanding work
19 May, 2011
M.Abdur Rouf:

Also thank to you for reading my paper

17 July, 2011
Md Saiful Islam:
An amajing article from the writer. Thrilled by the information got from it.
 
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