The influence of corporate board characteristics on firm performance of publicly listed property companies in the Philippines

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Document Type

Article

Source Title

Academy of Accounting and Financial Studies Journal

Volume

16

Issue

4

First Page

123

Last Page

142

Publication Date

1-1-2012

Abstract

The need to intensify the corporate governance mechanism in the Philippines triggers this study to determine the influence of corporate boards on firm performance among publicly-listed property companies given the risks involved in this industry. Using financial and governance related disclosure information from 29 listed property companies in the Philippines, the results revealed that managerial ownership positively influences firm performance. Moreover, firm size, leverage, and age influence the accounting-based measures of performance to a great extent than the market-based measures. Because of the limited focus of this study, further research should focus on the overall impact of corporate governance among all Philippine companies using different measures of performance as well as the introduction of other relevant governance related parameters to better assist the decision making of the company's stakeholders.

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Disciplines

Accounting | Business Administration, Management, and Operations

Keywords

Corporate governance--Philippines; Directors of corporations--Philippines; Disclosure of information--Philippines; Investments--Philippines; Decision making

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