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http://ssrn.com/abstract=1257617
 
 

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Corporate Governance and Firm Performance: Theory and Evidence from Literature


Pallab Kumar Biswas


University of Dhaka

Md. Hamid Ullah Bhuiyan


University of Dhaka - Department of Accounting and Information Systems

August 25, 2008


Abstract:     
This paper is an attempt to give a short description of the theoretical literature focusing on different conceptual models of corporate governance and empirical studies relating to whether good corporate governance leads to better firm performance. Majority of the literature has been found to focus on the relationship between shareholders, directors, and management. The findings of these empirical studies are mixed and as a result, it is often difficult for users to draw any firm conclusion on the relationship. On the other hand, studies undertaken considering the overall corporate governance mostly provide evidence of significant relationship between corporate governance and firm performance. However, whether better corporate governance causes higher firm performance is still remains a valid research question for reasons like ambiguity regarding the direction of causality.

Number of Pages in PDF File: 29

Keywords: Agency Theory, Board Structure, Corporate Governance

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Date posted: August 27, 2008 ; Last revised: September 28, 2008

Suggested Citation

Biswas, Pallab Kumar and Bhuiyan, Md. Hamid Ullah, Corporate Governance and Firm Performance: Theory and Evidence from Literature (August 25, 2008). Available at SSRN: http://ssrn.com/abstract=1257617 or http://dx.doi.org/10.2139/ssrn.1257617

Contact Information

Pallab Kumar Biswas (Contact Author)
University of Dhaka ( email )
Department of Finance
University of Dhaka
Ramna, Dhaka, 1000
Bangladesh
Md. Hamid Ullah Bhuiyan
University of Dhaka - Department of Accounting and Information Systems ( email )
Department of Finance
University of Dhaka
Ramna, Dhaka, 1000
Bangladesh
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