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The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh

The corporate governance factors are highly focused on the era of universal financial crisis and economic downturn led by risks mostly from weak capital structure. Corporate governance helps to assess insights about capital structure. Therefore, the present study intends to examine the efficiency of...

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Main Author: Meah, Mohammad Rajon
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2019
Online Access:http://journalarticle.ukm.my/15292/1/28831-100795-2-PB.pdf
http://journalarticle.ukm.my/15292/
http://ejournal.ukm.my/ajac/issue/view/1184
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spelling my-ukm.journal.152922020-09-30T06:35:15Z http://journalarticle.ukm.my/15292/ The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh Meah, Mohammad Rajon The corporate governance factors are highly focused on the era of universal financial crisis and economic downturn led by risks mostly from weak capital structure. Corporate governance helps to assess insights about capital structure. Therefore, the present study intends to examine the efficiency of corporate governance on firm’s capital structure by using the data from Dhaka Stock Exchange (DSE) listed 40 manufacturing firms covering the period of 2013-2017. The empirical results from Pooled OLS regressions intimate that larger board size, larger audit committee size and higher percentage of foreign ownership help a firm to be less levered but higher percentage of director ownership and audit committee independence put the firms to be more levered thus to be riskier. The non-monitoring role of female directors on board is also documented in the results. The study recommends to limit the shares held by the directors to a certain level and to reassess the role of female directors and independent audit committee members in the context of Bangladesh along with active enforcement. Penerbit Universiti Kebangsaan Malaysia 2019 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/15292/1/28831-100795-2-PB.pdf Meah, Mohammad Rajon (2019) The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh. Asian Journal of Accounting and Governance, 11 . pp. 13-23. ISSN 2180-3838 http://ejournal.ukm.my/ajac/issue/view/1184
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The corporate governance factors are highly focused on the era of universal financial crisis and economic downturn led by risks mostly from weak capital structure. Corporate governance helps to assess insights about capital structure. Therefore, the present study intends to examine the efficiency of corporate governance on firm’s capital structure by using the data from Dhaka Stock Exchange (DSE) listed 40 manufacturing firms covering the period of 2013-2017. The empirical results from Pooled OLS regressions intimate that larger board size, larger audit committee size and higher percentage of foreign ownership help a firm to be less levered but higher percentage of director ownership and audit committee independence put the firms to be more levered thus to be riskier. The non-monitoring role of female directors on board is also documented in the results. The study recommends to limit the shares held by the directors to a certain level and to reassess the role of female directors and independent audit committee members in the context of Bangladesh along with active enforcement.
format Article
author Meah, Mohammad Rajon
spellingShingle Meah, Mohammad Rajon
The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh
author_facet Meah, Mohammad Rajon
author_sort Meah, Mohammad Rajon
title The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh
title_short The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh
title_full The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh
title_fullStr The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh
title_full_unstemmed The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh
title_sort efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in bangladesh
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2019
url http://journalarticle.ukm.my/15292/1/28831-100795-2-PB.pdf
http://journalarticle.ukm.my/15292/
http://ejournal.ukm.my/ajac/issue/view/1184
_version_ 1680321970956140544
score 13.223943

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