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

• Main Authors: Ferrer, Rodiel C., Banderlipe, Mc Reynald S., II
• Format: text
• Published: Animo Repository 2012
• Subjects: Corporate governance > Philippines; Directors of corporations > Philippines; Disclosure of information > Philippines; Investments > Philippines; Decision making; Accounting; Business Administration, Management, and Operations
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/2351
• Institution: De La Salle University

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.