Board structure and firm value: a study on listed banking firms in the Asian emerging markets

Abdul Hadi Zulkafli, Azlan Amran and M. Fazilah Abdul Samad

International Journal of Business Governance and Ethics, 2010, vol. 5, issue 3, 157-177

Abstract: The banking sector in developing countries is regarded as an engine of economic growth (Arun, 2004). It is believed that corporate governance is necessary to ensure a sound financial system and, consequently, help develop the country's economy. Using a Pooled Generalised Least Squares (GLS) regression model, the relationship between board structure and bank's performance is analysed. A total of 107 listed banks in nine countries of the Asian emerging markets were included in the study. It is evidenced that only one aspect of board structure, which is CEO Duality, is positively significant, with market-based corporate performance.

Keywords: corporate governance; board structure; banking; banks; Asia; firm value; listed companies; developing countries; economic growth; emerging markets; pooled GLS; generalised least squares; GLS regression model; CEO duality; chief executive officers; market-based corporate performance; Malaysia; Thailand; Philippines; Indonesia; Korea; Singapore; Hong Kong; Taiwan; India; business governance. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.inderscience.com/link.php?id=33344 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijbget:v:5:y:2010:i:3:p:157-177

Access Statistics for this article

More articles in International Journal of Business Governance and Ethics from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().