A study on the effects of corporate governance on the firm performance of publicly-listed financial institutions in the 2008 financial crisis in the Philippines

• Main Authors: Esguerra, Neilson Brian A., Jr., Madlangsakay, Ephraim S., Hernandez, Kevin Ross M., De Guzman, Alexandra Marie M.
• Format: text
• Language: English
• Published: Animo Repository 2015
• Subjects: Corporate governance > Philippines; Risk management > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/7160
• Institution: De La Salle University

The 2008 financial crisis is considered to be the worst financial crisis following the Great Depression in the 1930s. There were many significant events that led to this catastrophe, such as the irresponsible mortgage lending of banks to poor creditors, the bankruptcy of the Lehman brothers and the repeal of the Glass-Steagall Act. Because of the events that led to the crisis, it shows there was ineffective risk management and corporate governance during that time. This research paper aims to determine the role of corporate governance in publicly-listed financial institutions during the 2008 financial crisis in the Philippines, and determine whether corporate governance has an impact in the firm performance of publicly-listed financial institutions before, during and after the crisis periods. Based form the results, corporate governance has no direct impact in the firm performance of the financial institutions in the pre-crisis, crisis and post-crisis periods. Because of this, future researchers should consider foreign banks and non-listed financial institutions and use another combination variables that show a better relationship.