Do board characteristics affect financial performance of firms? An empirical study on Dhaka Stock Exchange (DSE) listed Insurance Companies of Bangladesh

Md. Kamrul Islam and Sugandha Mobin Sharna
Additional contact information
Md. Kamrul Islam: Department of Business Administration, Notre Dame University Bangladesh, Dhaka, Bangladesh.
Sugandha Mobin Sharna: Independent Researcher, Dhaka, Bangladesh.

International Journal of Science and Business, 2022, vol. 14, issue 1, 1-10

Abstract: This study has conducted to find out whether board characteristics have any correlation with the insurance companies’ financial performance or not. It considered 27 DSE listed insurance companies’ secondary data spanning five years. To draw the relation between characteristics of boards and performance of companies, there has been a regression analysis considering board size, women members in the board, number of independent directors and audit committee size as independent variables, the dependent variable has been considered to be return on assets (ROA). The study found that the only factor significantly affecting ROA is independent directors’ number. The findings of this research will help policy makers as well as investors to understand the significance of independent directors, therefore, affect their decision-making approach. As this research only considered DSE listed companies, there is a scope of further research considering insurance companies which are not listed in DSE.

Keywords: Board characteristics; Firm performance; Insurance; DSE; Bangladesh; ROA. (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ijsab.com/wp-content/uploads/951.pdf (application/pdf)
https://ijsab.com/volume-14-issue-1/4953 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aif:journl:v:14:y:2022:i:1:p:1-10

Access Statistics for this article

International Journal of Science and Business is currently edited by Dr. Md Shamim Hossain

More articles in International Journal of Science and Business from IJSAB International
Bibliographic data for series maintained by Farjana Rahman ().