Are board structural features a key factor in effective corporate governance?
This book reviews existing literature and identifies board structural features as key variables of an effective corporate governance system, establishing a multi-theoretical model that links Board structural characteristics with firm performance.
,
How to ensure good corporate governance?
To help ensure good corporate governance, I suggest to focus on these five key pillars:
1.
Effectiveness Of The Board The board of directors has the duty of overseeing the financial situation, designing the business strategy and ensuring coherence with the defined values and ethical principles. ,
Hypothesis 2C Is Supported
It predicts the managerial overconfidence decreases the positive impact of ownership concentration on firm performance.
The results of Tables 3 and 4 indicated that the interaction effect of managerial overconfidence with concentrated ownership has a negative significant impact on both ROA and TQ firm performance (0.000404 and 0.0156, respectively).
,
Hypothesis 2D
It predicts that managerial overconfidence moderates the relation of product market competition and firm performance.
However, the result indicated there is no significant moderating role of managerial overconfidence in the relationship between product market competition and firm performance in Chinese listed firms.
,
Main Results and Discussion
Impact of CG on firm performance
,
What is the relationship between corporate governance and organizational performance?
Findings have shown the Corporate Governance and Organizational Performance are at high level.
Moreover, it also found that there is a strong positive relationship between Corporate Governance and Organizational Performance.
Corporate Governance significantly impacts Organizational Performance of Financial Institutions.