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...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2019
|
| Online Access: | http://journalarticle.ukm.my/15292/ http://journalarticle.ukm.my/15292/1/28831-100795-2-PB.pdf |
| _version_ | 1848813763385360384 |
|---|---|
| author | Meah, Mohammad Rajon |
| author_facet | Meah, Mohammad Rajon |
| author_sort | Meah, Mohammad Rajon |
| building | UKM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T00:23:21Z |
| format | Article |
| id | oai:generic.eprints.org:15292 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T00:23:21Z |
| publishDate | 2019 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org: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 |
| spellingShingle | Meah, Mohammad Rajon The efficiency of corporate governance on capital structure: an empirical study from listed manufacturing firms in Bangladesh |
| title | 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_short | 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 |
| url | http://journalarticle.ukm.my/15292/ http://journalarticle.ukm.my/15292/ http://journalarticle.ukm.my/15292/1/28831-100795-2-PB.pdf |