Corporate governance and its impacts on resiliency.

• Main Authors: Chia, Jamie Pei Wen., Le, Huynh Dieu Linh., Sanjana Jayanth.
• Other Authors: Chong Eng Heng
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Business::Finance::Corporate governance
• Online Access: http://hdl.handle.net/10356/43676
• Institution: Nanyang Technological University

Corporate Governance has been the subject of numerous studies, many aimed at exploring the existence of a relationship between governance and firm performance. This study goes one step further, by analyzing the impact of corporate governance levels, as computed in an index, on the resiliency of firm performance, in the Singapore manufacturing industry. The 2008 Global Financial Crisis provided an impetus for this study, and is the definitive event which resiliency is predicated on. The objective of this study is to assess whether differences in governance levels might affect how firms react and respond after an external shock. Both external and internal perspectives, in the form of stock and operating performance respectively, form a comprehensive measure of resiliency and the overall sample consists of 197 firms. Final results indicate an insignificant relationship between governance levels and resiliency, suggesting the lack of an impact, even among firms of different sizes and sectors within the industry.