Corporate governance and financial performance: The case of selected Philippine companies for 2007-2009

Date of Publication

2010

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Commerce Major in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Steven Lim

Defense Panel Member

Leila Calderon Kabigting
Eleanor Salumbre
Madeleine Balane

Abstract/Summary

Corporate governance (CG) has become a valuable consideration when it comes to evaluating overall firm's performance. Its link to financial performance (FP) has been persistently evaluated as there have been numerous studies from different countries (Brown, 2009), (Akso and Bozkus, n.d.), (Abu-Tapanjeh, 2006) and (Arun et al, n.d.) suggesting a positive link. The study was carried out to determine if the relationship is present in the Philippines as well. It was based on 65 firms listed in the Philippine Stock Exchange, over the period 2007-2009. The complete regression statistical result concluded that there is no evident relationship between the CG and FP. There was, however, a minute trace of significance after having separated the firms into sectors. This shows taht there is potential for this relationship to grow in the future given the chance that the corporate governance movement grows stronger in the country.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21849

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

100 leaves : illustrations

Keywords

Corporate governance; Financial institutions--Management

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