Corporate governance and firm value: Bangladeshi manufacturing industry perspective
Purpose – The study aims to investigate the influence of corporate governance practices on enhancing firm value in manufacturing industries in Bangladesh. Design/methodology/approach – The study sample consists of 131 companies from 10 manufacturing industries listed in Dhaka stock exchange (DSE). U...
| الحاوية / القاعدة: | PSU Research Review |
|---|---|
| المؤلفون الرئيسيون: | , |
| التنسيق: | مقال |
| اللغة: | الإنجليزية |
| منشور في: |
Emerald Publishing
2024-11-01
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://www.emerald.com/insight/content/doi/10.1108/PRR-04-2023-0060/full/pdf |
| _version_ | 1850305902885732352 |
|---|---|
| author | Niluthpaul Sarker S.M. Khaled Hossain |
| author_facet | Niluthpaul Sarker S.M. Khaled Hossain |
| author_sort | Niluthpaul Sarker |
| collection | DOAJ |
| container_title | PSU Research Review |
| description | Purpose – The study aims to investigate the influence of corporate governance practices on enhancing firm value in manufacturing industries in Bangladesh. Design/methodology/approach – The study sample consists of 131 companies from 10 manufacturing industries listed in Dhaka stock exchange (DSE). Using the multiple regression method, the study analyzed 1,193 firm-year observations from 2012 to 2021. Findings – The outcome reveals that managerial ownership, foreign ownership, ownership concentration, board size, board independence, board diligence and auditor quality have a significant positive influence on firm value. In contrast, audit committee size has no significant influence on firm value. Originality/value – The practical implications of the current study demonstrated that good corporate governance creates value and must be invigorated for the interest of all stakeholders. Policymakers should formulate specific guidelines regarding firms' ownership structure and audit quality issues. |
| format | Article |
| id | doaj-art-de80c19bc2964b1f882bb3f1d1645fb0 |
| institution | Directory of Open Access Journals |
| issn | 2399-1747 2398-4007 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| spelling | doaj-art-de80c19bc2964b1f882bb3f1d1645fb02025-08-19T23:29:14ZengEmerald PublishingPSU Research Review2399-17472398-40072024-11-018387289710.1108/PRR-04-2023-0060Corporate governance and firm value: Bangladeshi manufacturing industry perspectiveNiluthpaul Sarker0S.M. Khaled Hossain1Department of Accounting and Information Systems, Jagannath University, Dhaka, BangladeshArmy Institute of Business Administration (AIBA), Dhaka, BangladeshPurpose – The study aims to investigate the influence of corporate governance practices on enhancing firm value in manufacturing industries in Bangladesh. Design/methodology/approach – The study sample consists of 131 companies from 10 manufacturing industries listed in Dhaka stock exchange (DSE). Using the multiple regression method, the study analyzed 1,193 firm-year observations from 2012 to 2021. Findings – The outcome reveals that managerial ownership, foreign ownership, ownership concentration, board size, board independence, board diligence and auditor quality have a significant positive influence on firm value. In contrast, audit committee size has no significant influence on firm value. Originality/value – The practical implications of the current study demonstrated that good corporate governance creates value and must be invigorated for the interest of all stakeholders. Policymakers should formulate specific guidelines regarding firms' ownership structure and audit quality issues.https://www.emerald.com/insight/content/doi/10.1108/PRR-04-2023-0060/full/pdfManufacturing industryCorporate governanceFirm valueOLS |
| spellingShingle | Niluthpaul Sarker S.M. Khaled Hossain Corporate governance and firm value: Bangladeshi manufacturing industry perspective Manufacturing industry Corporate governance Firm value OLS |
| title | Corporate governance and firm value: Bangladeshi manufacturing industry perspective |
| title_full | Corporate governance and firm value: Bangladeshi manufacturing industry perspective |
| title_fullStr | Corporate governance and firm value: Bangladeshi manufacturing industry perspective |
| title_full_unstemmed | Corporate governance and firm value: Bangladeshi manufacturing industry perspective |
| title_short | Corporate governance and firm value: Bangladeshi manufacturing industry perspective |
| title_sort | corporate governance and firm value bangladeshi manufacturing industry perspective |
| topic | Manufacturing industry Corporate governance Firm value OLS |
| url | https://www.emerald.com/insight/content/doi/10.1108/PRR-04-2023-0060/full/pdf |
| work_keys_str_mv | AT niluthpaulsarker corporategovernanceandfirmvaluebangladeshimanufacturingindustryperspective AT smkhaledhossain corporategovernanceandfirmvaluebangladeshimanufacturingindustryperspective |