Date of Publication


Document Type

Master's Thesis

Degree Name

Master of Science in Accountancy

Subject Categories

Accounting | Business Administration, Management, and Operations


Ramon V. Del Rosario College of Business



Thesis Advisor

Rodiel C. Ferrer

Defense Panel Chair

Arnel Onesimus O. Uy

Defense Panel Member

Albert I. Rivera
Mary Antonette D. Tadeo


The demand for GOCCs to be visually engaged in social dilemmas is particularly significant considering they are constantly establishing public trust and reputation while simultaneously acting in an entrepreneurial way, signifying a reflective consciousness of good governance. Public governance contemplates accountability to public resources and objectives not bound by mere delivery of goods and services but includes the influence of their public policies on the society at large.

The question of whether these GOCC’s corporate governance translates into visible reflection on financial affluence remained unexplored. The researcher then responded to this dilemma by investigating the effect of Corporate Governance (CG) on profitability, liquidity, and leverage ratios of Government-Owned and/or Controlled Corporations (GOCCs) in the Philippines from 2014 to 2018. This study comprises of 33 GOCCs after the application of the total population sampling method out of the total sample size of 118. Using descriptive and correlational research design, this study reviewed literary works and sought empirical foundation for this contention, and utilized panel regression analysis, which revealed that CG had a significant effect on profitability, but exhibited an insignificant effect on liquidity and leverage. This study implied that though CG levels of GOCCs are discovered to be negatively partaking contributions on firm performance evaluations, they can account for bigger, non-quantifiable benefits.

Abstract Format




Physical Description

x, 163 leaves, illustrations (some color)


Government corporations--Philippines; Corporate governance--Philippines; Ratio analysis; Liquidity (Economics); Financial leverage

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