Economics at your fingertips  

Impact of the governance system efficiency on the performance of the regional transport companies in Tunisia

Ahmed Ayadi
Additional contact information
Ahmed Ayadi: Sfax University-FSEG, Economic Science and Management Faculty, Tunisia

E3 Journal of Business Management and Economics., 2014, vol. 5, issue 2, 039-051

Abstract: The aim of this paper is to analyze the relationship between the efficiency of governance structure and financial performance. An extensive literature focuses on the potential link between corporate governance and firm performance. Most studies are interested only in one aspect of governance, but fewer researches examine the potential link between overall corporate governance and firm performance. Based on a sample of 12 Tunisian Regional Transport Companies (RTC), over the period between 2000 and 2010, we tested the hypothesis according to which firms having the most efficient governance structures are the most efficient. We were able to show that the RTC governance structure is efficient at 71.69%. Hence, we could prove that there is an excessive governmental interference in the RTC through the negative relationship found between governance structure and performance

Keywords: Corporate governance; Efficiency; Data Envelopment Analysis (DEA); Financial performance. (search for similar items in EconPapers)
Date: 2013-02
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Full text (application/pdf)

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:

Access Statistics for this article

More articles in E3 Journal of Business Management and Economics. from E3 Journals
Bibliographic data for series maintained by Andrew Godwin ().

Page updated 2020-01-12
Handle: RePEc:etr:series:v:5:y:2014:i:02:p:039-051