Date of Publication

7-22-2023

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting | Business Administration, Management, and Operations | Business Law, Public Responsibility, and Ethics

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Advisor

Joy Lynn Legaspi

Defense Panel Chair

Jude Caponpon

Defense Panel Member

Janus Aries Simbillo

Abstract/Summary

Government-owned and/or controlled corporations (GOCCs) play a vital role in national and societal development, so maximizing and leveraging their ability to effectively serve the Filipino public is imperative. While existing theoretical and legal frameworks recognize the connection between corporate governance (CG) and GOCC performance, there is a lack of Philippine research on this matter, and comprehensive measures of CG in literature are scarce. Additionally, existing studies have analyzed state-owned enterprises primarily from a financial perspective, disregarding the nuances associated with their social objectives. To address these research gaps, this paper examined the impact of CG and its three components—stakeholder relationships, disclosure and transparency, and responsibilities of the board—on the performance of Philippine GOCCs from 2018 to 2021. The study utilized GCG-validated scorecards to quantify CG and performance, incorporating financial and non-financial indicators for performance assessment. The study also examined the government's approach to using management accounting tools like the balanced scorecard to measure and improve GOCC performance and how corporate governance practices could have enhanced these tools. A causal research design was implemented, encompassing 44 GOCCs across six industries in the sample. Upon application of panel data analysis, the findings indicated that corporate governance and its components do not significantly impact the performance of GOCCs. The paper recommends strengthening the links between the CG scorecard and the performance scorecard as intended by the benchmarked frameworks and other improvements to benefit stakeholders.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Corporate governance—Philippines; Government corporations—Philipppines

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Embargo Period

8-15-2023

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